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A comment on Hacked Cryptocurrency Platform Begs Hacker to Please Return $119M. Parent comment

Re:Hacked Cryptocurrency Platform Begs Hacker to Please Retu... by raesene9 on Tuesday December 07, 2021 @08:52AM (#29472421)
The problem with crypto users "taking the risk they're willing to take" is that there's very little reliable information about which projects have better security than others.

Every project will say that they have great security, but without external validation or regulation, how do you know which of them are mistaken or outright lying.

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Re:Hacked Cryptocurrency Platform Begs Hacker to Please Retu... by nraf on Tuesday December 07, 2021 @09:16AM (#29472656)
We're working on solving this problem. We've just launched our platform, starting with DeFi tokens (what you could call the Wild West of Crypto): https://app.agentsinu.com/bsc/tokens

If you're interested, here's an overview of the honeypot scam (common with DeFi tokens) and how we're helping alert users to it: https://agentsofinu.medium.com/the-honeypot-scam-what-is-it-...

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Re:Hacked Cryptocurrency Platform Begs Hacker to Please Retu... by kranke155 on Tuesday December 07, 2021 @08:58AM (#29472476)
There are audits that most projects do with crypto auditing software firms. These are usually announced publicly. That gives you some credibility in the space.

IMO security just comes from time spent operating vs amount of hacks. If you've been operating for a couple of years with no known hacks then I trust the team behind the project.

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Re:Hacked Cryptocurrency Platform Begs Hacker to Please Retu... by raesene9 on Tuesday December 07, 2021 @09:06AM (#29472555)
audits are a signal for sure, but can an end-user tell a good audit from a bad audit?

Also as monox (who got hacked this week) shows 3 audits this year are no guarantee https://docs.monox.finance/library/audits

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Re:Hacked Cryptocurrency Platform Begs Hacker to Please Retu... by awr on Tuesday December 07, 2021 @09:22AM (#29472727)
no audit's going to pick up every possible issue or potential exploit, but it does help weed out the obvious scams.

The entry to creating your own token is so low that people with little to no coding experience are attempting to add/modify functionality. Community insistence to get audited is useful to pick up on these.

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Re:Hacked Cryptocurrency Platform Begs Hacker to Please Retu... by kranke155 on Tuesday December 07, 2021 @09:57AM (#29473062)
I don't know those companies. There are only a few companies I'd trust with crypto audits.
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