In second largest DeFi hack, Blockchain Bridge loses $320M Ether

Re:In second largest DeFi hack, Blockchain Bridge loses $320... by astoor on Thursday February 03, 2022 @06:30AM (#30191167)

Do you even have any incentive to find employees that won't steal, if you've already made off with millions in pre-mine or up-front no-commitment investment? Cryptocurrency and DeFi is one giant moral hazard.

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Re:In second largest DeFi hack, Blockchain Bridge loses $320... by gitfan86 on Thursday February 03, 2022 @06:42AM (#30191240)

But even in a world where everyone is a good actor, bugs and accidents will still exist. Then what happens when someone accidently sends money to a wallet where the owner is dead or unreachable?

Why would anyone want to put their life savings into that situation?

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Re:In second largest DeFi hack, Blockchain Bridge loses $320... by whywhywhywhy on Thursday February 03, 2022 @08:10AM (#30191935)

Because (they believe) the alternative is just as bad if not worse.

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Re:In second largest DeFi hack, Blockchain Bridge loses $320... by yrro on Thursday February 03, 2022 @06:38AM (#30191216)

I guess you don't want the employees to steal from _you_?

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Re:In second largest DeFi hack, Blockchain Bridge loses $320... by Tenoke on Thursday February 03, 2022 @07:40AM (#30191689)

Neither of those seem to apply to wormhole..

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