/biz/ - Business & Finance

>>56206602
There's always security issues with decentralised platforms even in centralised exchanges.

>>56206602
$200m is huge. I wonder why people are still investing in crypto. Quit crying babies.

>>56206602
Yeah and it will keep happening because they keep placing a backdoor in their system dumbass.

>>56206804
That's the big problem up until now.

>>56206602
All will be dead

>>56206602
This is always the issue and I doubt a solution will be implemented fuck.

>>56206602

>>56206602
Who is responsible for this?

>>56206602
Hack again

>>56206602
This is not new at all.

>>56206602
What's mixin?

>>56206602
Been hearing hacks all the time

>>56206602
Sick and tired for all these dramas

>>56206602
Don't fall for a trick

>>56206602
What comes next? More coming lol

>>56206602
Not surprising anymore

>>56206602

thats it im done with coins for good

>>56206602
Your future in crypto is dark. Stop messing around

>>56206602
I hope it's not an inside job nigger

>>56206602
They'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" related

I'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

>>56208453
Are you on drugs? I don't see any fucking solution

>>56206602

>>56206602

>>56206602
Are you sure it's a hack?

>>56206602
Stfu

>>56206602
Don't be shit

>>56206602
Time to quit bastards

>>56208574
Huh??

>>56207686
Ai magic

>>56206602
Security and privacy remain ongoing concerns in decentralization. I haven't seen much progress, perhaps because hackers are constantly improving their tactics.

>>56209205
Remember hackers are devs. Devs are hackers

>>56209205
Hack 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.

>>56209268
Unless ofcourse you're a hacker yourself. Hacking is about intent and actions, and many developers prioritize ethical and legal practices.

>>56209322
I can hack your ass

>>56209268
That's also possible since there are developers who have hacking skills, either as white hat hackers or black hat hackers.
>>56209302
It'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.

>>56209330
You 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?

>>56209389
Remember 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.

>>56209410
Who are you shit?

>>56209435
Compatibility 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.

>>56209509
That crap is another mess. Vitalik is the one behind it but i dont see good reasons to be adopted

>>56208430
Whattttttttt

>>56209636
If 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.

>>56209205
Account abstraction is the key to a safer, faster, and more flexible Web3 experience, Anon. Get this into your d*ck head.

>>56206602
Tragic. Crypto made me depressed.

>>56209302
This badass feature will enable Pajeets to recover their accounts using their social media accounts.

>>56209910
That'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.

>>56209447
Never mind anon
>>56209509
I 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

>>56209987
Kek, that could potentially be a disaster. Nevertheless, this ongoing revolution is still in progress. Let's wait and see how things unfold.

>>56210021
AA-powered wallets giving that web2 vibe, using your socials for onboarding, and making dApp interactions gasless.

>>56209302
I 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.

>>56209636
You'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.

>>56209636
There's a reason Vitalik coined it, Jeet. It provides an alternative to the current user account model. Move your lazy a$$ and dyor.

>>56210074
Relying on socials for onboarding could compromise some privacy, and the gasless dApp interactions might not be as flawless as they sound.

>>56210074
That'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.

>>56210101
Vitalik 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.

>>56210111
Keep spreading FUD while I'm busy scooping up DUA and NXRA at discounted rates.

>>56210052
Don'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?

>>56210112
Are 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.

>>56210083
I 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

>>56206804
Security in crypto is a complete mess, Imagine how easy it will be to hack the whole crypto with a quantum computer

>>56210130
These 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.

>>56210166
You're a noob, anon. DUA supported wallet allow normies to set up 2FA for any transactions above $50.

>>56210154
As 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.

>>56210158
I'm not negating the fact, and not all is likely to be hacked if the security framework is solid and giving.

>>56210187
Bail 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.

>>56210207
I'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.

>>56210166
Stfu QAN is quantum resistant so we are safe

>>56210414
How come?

>>56210371
It's just fancy term

>>56210561
I 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
????

>>56210366
The 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.

>>56206602
Were they using LINK oracles?

>>56212383
Don't know

>>56210207
Based 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.

>>56210476
Let him cook

>>56209888
Then you've been doing it wrong.

>>56210131
Based anon, I'm in the beta test team for the former in anticipation of rewards when its smart wallet goes live.

>>56213357
How should he do it

>>56213328
I won't

>>56210137
No 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.

>>56212370
This 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?

>>56210804
Some folks are too quick to narrow things down or snap to conclusions without proper research.

>>56212383
How 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.

>>56215888
M Lol

>>56210804
Google is corrupt

>>56206602
i was alone at my grandparents house one time and I got falling over drunk watching thats so raven.

>>56209509
Seed 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.

>>56206602
Crazy 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.

>>56216313
Drunk on what

Pajeetery and bots in this thread aside, time to stop using CEXs and look into Hydranet.
>Not your keys, not your coins.

>>56216715
Wtf is hydranet. Carry your shilling ass back to your village ranjeet.

>>56216755
Guess how I know you're new here.

>>56216812
Go fuck yourself sidmund

>>56216591
There'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.

>>56206602
>mixin
nothing of value was lost

>>56217181
So there's no value in $200m retard?

>>56210154
I think one of the key features of the wallet is account abstraction which would enable users recover assets without private keys.

>>56217181
Hahahaha

>>56206602

>>56216676
monteiths pale ale

>>56210366
Anon, 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

>>56213973
I'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