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.
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...