WTF! Another hack, and it stands as the largest crypto theft of 2023, surpassing prior incidents. This underscores the ongoing digital security challenges, emphasizing the need for stronger cybersecurity measures across industries.
>>OPThere's always security issues with decentralised platforms even in centralised exchanges.
>>OP$200m is huge. I wonder why people are still investing in crypto. Quit crying babies.
>>OPYeah and it will keep happening because they keep placing a backdoor in their system dumbass.
>>56206804That's the big problem up until now.
>>OPAll will be dead
>>OPThis is always the issue and I doubt a solution will be implemented fuck.
>>OP
>>OPWho is responsible for this?
>>OPHack again
>>OPThis is not new at all.
>>OPWhat's mixin?
>>OPBeen hearing hacks all the time
>>OPSick and tired for all these dramas
>>OPDon't fall for a trick
>>OPWhat comes next? More coming lol
>>OPNot surprising anymore
thats it im done with coins for good
>>OPYour future in crypto is dark. Stop messing around
>>OPI hope it's not an inside job nigger
>>OPThey're just milking people ngl
ok cool that you're putting so many bot replies to this thread guys, great incentive to filter anything "mixin" relatedI'm sure some kind of "solution" will be shilled here in a bit as well, but I won't be around to see it. bye
>>56208453Are you on drugs? I don't see any fucking solution
>>OPAre you sure it's a hack?
>>OPStfu
>>OPDon't be shit
>>OPTime to quit bastards
>>56208574Huh??
>>56207686Ai magic
>>OPSecurity and privacy remain ongoing concerns in decentralization. I haven't seen much progress, perhaps because hackers are constantly improving their tactics.
>>56209205Remember hackers are devs. Devs are hackers
>>56209205Hack will continue because blockchain wallet management system is rigid; you have to verify every single transaction and you’ll lose access to your wallet and everything within if you lose your private keys. This is where account abstraction comes in.
>>56209268Unless ofcourse you're a hacker yourself. Hacking is about intent and actions, and many developers prioritize ethical and legal practices.
>>56209322I can hack your ass
>>56209268That's also possible since there are developers who have hacking skills, either as white hat hackers or black hat hackers.>>56209302It's not just about crypto wallets; I'm talking about decentralization in general, and it's frustrating that decentralized platforms are still vulnerable to hacking but AA can help tho.
>>56209330You hack my ass I hack your future vlonde ass. Is an exchange but hey you can't. I'm covered by projects implementing AA you know what that means?
>>56209389Remember is still new, it’s possible that there may be compatibility issues with existing smart contracts, potentially making it more expensive to interact with the blockchain network.
>>56209410Who are you shit?
>>56209435Compatibility is the main concern, but developers are working on solutions. I have some reservations about logging in through social media accounts if managing seed phrases is the issue. There will be pros and cons, but the advantages should outweigh the drawbacks.
>>56209509That crap is another mess. Vitalik is the one behind it but i dont see good reasons to be adopted
>>56208430Whattttttttt
>>56209636If you don't prioritize security and privacy, then I understand why you're saying that. It's either that you lack knowledge or you simply prefer traditional wallets.
>>56209205Account abstraction is the key to a safer, faster, and more flexible Web3 experience, Anon. Get this into your d*ck head.
>>OPTragic. Crypto made me depressed.
>>56209302This badass feature will enable Pajeets to recover their accounts using their social media accounts.
>>56209910That's a good alternative, but I still wonder: What if your social media accounts were to get hacked? That could be a huge issue. I'm not trying to be negative; I'm just considering possible scenarios.
>>56209447Never mind anon>>56209509I agreed that the advantages outweigh the drawbacks. I also think that products that utilize AA could mark another level of exposure for blockchain wallets, creating new exploitable gaps
>>56209987Kek, that could potentially be a disaster. Nevertheless, this ongoing revolution is still in progress. Let's wait and see how things unfold.
>>56210021AA-powered wallets giving that web2 vibe, using your socials for onboarding, and making dApp interactions gasless.
>>56209302I don't trust solutions like this because they're new, and most new solutions are subject to hacking. The flexibility might be giving and, most often, more user-centric than the existing one, but it has to pass the taste of time to be sure if the security is top-notch.
>>56209636You're wrong anon, decentralized finance doesn’t offer the possibility and ease of account recovery enjoyed by users of traditional finance and centralized exchanges, and account abstraction looks to provide a solution to improve blockchain adoption.
>>56209636There's a reason Vitalik coined it, Jeet. It provides an alternative to the current user account model. Move your lazy a$$ and dyor.
>>56210074Relying on socials for onboarding could compromise some privacy, and the gasless dApp interactions might not be as flawless as they sound.
>>56210074That's to say, it's regulated. Privacy should be an issue in this case since it's an on-boarding Web2 vibe. This defies the essence and true core narrative of Web 3.
>>56210101Vitalik is a confused fag. You think this doesn't have its limitations or what? I don't tend to see any major developments in this. No doubt the initiative sounds good, but this aspect lacks actualization, which I believe we are aware of. The best wallet to use remains a hard-ware wallet, and if considering a cold wallet, I'd give MetaMask and Trustwallet credit for that.
>>56210111Keep spreading FUD while I'm busy scooping up DUA and NXRA at discounted rates.
>>56210052Don't you understand my point? It's frustrating that my concern isn't coming across. Social media accounts are part of Web 2.0, and why are you discussing an ongoing revolution when platforms like Facebook and X will likely continue to be part of Web 2.0?
>>56210112Are you normalfag? You're kinda out of the loop, Anon. That's where NexeraID steps in to save the day. Time to level up our crypto game.
>>56210083I understand anon. New ideas can be risky, but it's important to move forward carefully. If we check them thoroughly, these new ways can become really safe
>>56206804Security in crypto is a complete mess, Imagine how easy it will be to hack the whole crypto with a quantum computer
>>56210130These choices won't bail me out if I mess up, Faggot. Unlike that sweet Alliance Block supported smart wallet, always got my back.
>I'm safe, I only farm stablecoins>Beefy, velodrome, aerodrome, gamma.Can they be hacked?Could you even imagine getting to sleep every night thinking about it constantly?I'd hate to be one of those guys, lmao.
>>56210166You're a noob, anon. DUA supported wallet allow normies to set up 2FA for any transactions above $50.
>>56210154As an SSI or what?Do you even have an idea how this works? To think of it, this depends on a centralized hierarchy that can be censored.
>>56210158I'm not negating the fact, and not all is likely to be hacked if the security framework is solid and giving.
>>56210187Bail you out in what context?When you lose your private key or what. I'd like to know in what context you're speaking. schmuck.
>>56210207I'm not surprised by 2FA, as you can set it up for any app you prefer. A smart wallet with its self-sovereign identities would be cool, as it would allow for better management of both digital assets and digital information, giving you complete control.
>>56210166Stfu QAN is quantum resistant so we are safe
>>56210414How come?
>>56210371It's just fancy term
>>56210561I don't get it, and Google is just so convenient. Why not do your own research and see how it can benefit users? Use your brain if you have any.
>>56210340????
>>56210366The only ones I know that could aid users recover assets when private keys are lost are AA wallets. So I don't know what the newfag is on about.
>>OPWere they using LINK oracles?
>>56212383Don't know
>>56210207Based anon, its high time wallets take security to new levels. I also read that users would be able to freeze transactions when they suspect compromise.
>>56210476Let him cook
>>56209888Then you've been doing it wrong.
>>56210131Based anon, I'm in the beta test team for the former in anticipation of rewards when its smart wallet goes live.
>>56213357How should he do it
>>56213328I won't
>>56210137No doubt about that chad but web3 adoption is scaling fast. Being able to login wallets with your social accounts fosters inclusion and is a decent development.
>>56212370This is one of the key features the majority of them are pushing aside from enhancing intuitivity and seamless usability and transitioning from Web2 to Web3.
200 fucking what?
>>56210804Some folks are too quick to narrow things down or snap to conclusions without proper research.
>>56212383How do oracles help prevent hacks anon? I think the right move would be more audits for these platforms to discover vulnerabilities. Although I don't hold my crypto on centralized platforms, only self-custodial wallets.
>>56215888M Lol
>>56210804Google is corrupt
>>OPi was alone at my grandparents house one time and I got falling over drunk watching thats so raven.
>>56209509Seed phrases served their purpose but its tragic to lose your assets just cause you misplace the keys. There has to be other options oldfag, more reason why I'm keen on seeing how account abstraction wallets turn out.
>>OPCrazy how so much money is being drained from crypto protocols nobody's fucking heard of.I'm beginning to wonder how many of these "hacks" are money laundering operations by glowies merely masquerading as clandestine operations from rogue states.
>>56216313Drunk on what
Pajeetery and bots in this thread aside, time to stop using CEXs and look into Hydranet.>Not your keys, not your coins.
>>56216715Wtf is hydranet. Carry your shilling ass back to your village ranjeet.
>>56216755Guess how I know you're new here.
>>56216812Go fuck yourself sidmund
>>56216591There's a lot of mentions of these hacks being inside jobs anon. But they won't get to me when I lock my crypto in a self-sovereign wallet to secure custody.
>>OP>mixinnothing of value was lost
>>56217181So there's no value in $200m retard?
>>56210154I think one of the key features of the wallet is account abstraction which would enable users recover assets without private keys.
>>56217181Hahahaha
>>56216676monteiths pale ale
>>56210366Anon, your AA knowledge is kinda shaky. With this, Normies can get their wallets back and access their crypto stash if they mess up or lose their private keys, just by using their social accounts
>>56213973I'm in for the Beta/bounty hunt program, aiming to scoop up to $1000 rewards in DUA
>put your funds on a chink shitchain>funds are hacked because some private keys were stored in a cloud
