[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 996 KB, 1170x1354, 96EA165C-D801-4451-AA73-2BB3FBBDEA63.jpg [View same] [iqdb] [saucenao] [google]
51230046 No.51230046 [Reply] [Original]

Staff at decentralized finance platform OptiFi must be having a really bad day.
Why? The company says a coding error accidentally — and permanently — shut the entire Solana blockchain-based platform down, wiping out $661,000 worth of a stablecoin called USDC.

>> No.51230167

sauce

>> No.51230226

>>51230167
Took me 1 second to google it
https://medium.com/@OptiFi/optifi-program-incident-report-08-29-22-d8fe6d229bad

>> No.51230281

usdc worth $661,000 was removed from circulation
we're going to the moon USDCbros wagmi

>> No.51230392
File: 716 KB, 766x528, 1597861553265.png [View same] [iqdb] [saucenao] [google]
51230392

>>51230046
>>51230226
I just want to know the demographics of the diversity hire or curry scented code monkey who made the mistake.

>> No.51230591
File: 66 KB, 800x533, 23082164-568031614.jpg [View same] [iqdb] [saucenao] [google]
51230591

>>51230392
no refunds

>> No.51230635
File: 45 KB, 487x447, you_get_what_you_deserve_mr_rogers_a_society_joker.jpg [View same] [iqdb] [saucenao] [google]
51230635

>>51230046

>> No.51230704

Ahhh yes the future of finance

>> No.51230786

you guys must not have heard or read about the numerous cases within the past few years of big banks losing millions of dollars due to fat finger errors in their systems. 661k is small change in comparison and they owed up to their mistakes unlike the big banks who started lawyering up and then going after the people who received their money when it was the bank's fault in the first place

>> No.51230998

>>51230786
>Bank accidentally sends 0,00000000000000000000000000000000000000001% of their money to someone and recovers it the next day
>Crypto retards blow up 100% of their money without any chances of recovering it
>”lol banks are bad too”

>> No.51231514

>>51230046
Based prolonger of the state of Babylon.

>> No.51231545

>>51230786
I report banks as scams when scammers use their names in spam emails as is my legal duty.

British banks are so far the worst offender.

>> No.51231716
File: 125 KB, 743x843, Screenshot from 2022-09-02 07-28-02.png [View same] [iqdb] [saucenao] [google]
51231716

>>51230998
...you think Citi has 5*10^48 USD in assets?

>> No.51231888

>>51230226
>However we accidentally used the ‘solana program close’ command

what is the purpose of that command anyways ? Why they have a command that can lock up all ? sounds retarded

>> No.51232349

>>51231716
>$50 Million
That’s a microdick at the trading desk

>> No.51232416

>>51230226
>Fully compensation for all users
This is who people are trusting with their shit coins, can't even communicate in English properly

>> No.51232430

F U T U R E of
I
N
A
N
C
E

lel

>> No.51232862

>>51230046
>>51231888 checked
>>51232430
this is why the DAO fork happened with ETC - a a 17 year old sent "kill" command to the dao

>> No.51235034

>>51230226
that mistake could have happened to anyone chuds. it's not trivial that it would close the program permanently