Why Solana Was Decimated by Bankman-Fried’s Downfall

Re:Why Solana Was Decimated by Bankman-Fried’s Downfall by encryptluks2 on Thursday December 29, 2022 @04:51AM (#34171086)

I don't think so. I don't believe any Blockchain has as much instability as Solana and security breaches as the Solana ecosystem. Then look at how many projects FTX and Alameda owned or were invested in and all the hacks involving their projects and the questionable auditing companies like OtterSec.

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Re:Why Solana Was Decimated by Bankman-Fried’s Downfall by rvz on Thursday December 29, 2022 @09:24AM (#34172843)

> Then look at how many projects FTX and Alameda owned or were invested in and all the hacks involving their projects and the questionable auditing companies like OtterSec.

I would expect breaches in many Solana projects just as I would in other blockchain projects but after looking at this more in both here [0] and here [1] it is more Ethereum projects that have shown to have these hacks for years (due to it being there longer than other projects).

I have not seen the overall blockchain(s) of Ethereum or Solana getting outright hacked at the core. But Polygon comes to mind as a highly centralized chain which got its whole chain breached [2] requiring the developers with access to the chain to force a silent update on validators.

That doesn't look 'decentralized' or 'secure' to me on the core level of a blockchain in the case of Polygon which another VC and FTX funded chain.

[0] https://web3isgoinggreat.com

[1] https://rekt.news

[2] https://polygon.technology/blog/all-you-need-to-know-about-t...

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