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Re:Crypto exchange BitMart confirms hack resulting in loss o... by lottin on Sunday December 05, 2021 @02:50PM (#29452429)
> can work trustless with oracles

Isn't that a contradiction in terms?

Re:Crypto exchange BitMart confirms hack resulting in loss o... by throwaway248329 on Sunday December 05, 2021 @03:01PM (#29452542)
The amount of trust will be limited to trusting that the bank is showing your balance correctly and that nobody stole their SSL keys.
Re:Crypto exchange BitMart confirms hack resulting in loss o... by paulgb on Sunday December 05, 2021 @03:29PM (#29452866)
Or, more likely than stealing their SSL keys, found a “vulnerability” that caused whatever string the smart contract is looking for to appear in a signed request from the server. I put vulnerability in quotes because it's not clear to me that that is not something banks would consider part of their threat model.

It's kind of like how SMS messages worked fine until “if I can read an SMS sent to your number I can withdraw from your account” became part of the threat model.