Re:The bug which lost more than $600M in various cryptocurre...
by bko on Thursday August 12, 2021 @08:30AM
(#28155387)
As this space evolves, I think there will be insurance and basic best practice safety measures. Also considering that almost all blockchains are open by design, it's no trivial task to liquidate a large sum of stolen tokens. So its not exactly a straight path from writing a script at Starbucks to making hundreds of millions of dollars.
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Re:The bug which lost more than $600M in various cryptocurre...
by crypt1d on Thursday August 12, 2021 @08:37AM
(#28155454)
I agree. There are already some insurance protocols in place - see Cover Protocol or Unslashed Finance. Its still very early in this space, but things are definitely developing!