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/biz/ - Business & Finance

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55664499 No.55664499 [Reply] [Original]

CertiK, the top-notch blockchain security firm, did the analysis. It's a stark reminder to stay vigilant in the crypto space. Conic Finance got hit last week too, losing a massive 1700 ETH to a similar exploit. Be cautious and protect yours gains anon.

>> No.55664508

Hey OP, could you answer me these two questions:

1) Did EraLend use Chainlink oracles?
2) Did Conic use Chainlink oracles?

>> No.55664535

>>55664499
Its always eth lmao. I swear, eth is the ford of the crypto space

>> No.55664608

>>55664499
Fake news spread by the communist anti-MEV cartel, Dan Elitzer of Paradigm Ventures literally said on Bankless podcast that oracleless defi summer was the future. Cope.

>3.5M
>massive

>> No.55664686

>>55664508
do we really need to use that shit?

>> No.55665366

>>55664608
FAKE news? what the hell

>> No.55665404
File: 789 KB, 1491x1582, oracle.png [View same] [iqdb] [saucenao] [google]
55665404

>>55664499

>> No.55665638

>>55664535
not surprising

>> No.55665921

>>55665404
so we need chainlink? chinklinkie

>> No.55666246

>>55664508
Needed to check again

>> No.55666429

Protocols handling millions of dollars can't affors to pay 100k$ a year for security of their investors? Sounds baka desu.

>> No.55666521

>>55666429
what if is inside job

>> No.55666931

>>55665404
nice

>> No.55666963

>>55666521
It's freakin' possible

>> No.55667060

>>55664499
Fuck, Hoping they can recover from the setback

>> No.55667146

>>55664499
Anon always gains secured and shields up

>> No.55667173

>>55667060
it will

>> No.55667180

>>55664499
>EraLend
Who?

>> No.55667613

>>55667180
DYOR

>> No.55667784

>>55664499
secure your privacy

>> No.55667964

>>55667784
Privacy's a top priority, and it won't be a shocker if the devs put even more emphasis on it, along with security and compliance solutions. Time to take it to the next level, anon!

>> No.55668095

>>55667784
This is not about privacy but rather security. It was a result of a security breach on Curve v2 pool. The team is one of the dumbest I've seen. They were attacked twice. Fuck. Save us from some of this Web3 dev negligence.

>> No.55668116
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55668116

>>55667784
Hey, anon! No exchange is truly safe, If you're not actively trading, get those tokens off the exchange and into a wallet. It's like giving your precious crypto a safe haven.

>> No.55668129

>>55667964
Hack still happens don't be dumb assss and stop acting like a retard

>> No.55668368

>>55668095
When will these devs finally get it together? It's like they keep making the same mistakes over and over.
>>55668116
Web3 wallets are the way to go for the long haul. Hold those coins tight in your web3 wallet for long-term gains and security. CEX are cool for quick trades and cashing out fast.

>> No.55668476

>>55667964
We really don't need that in DeFi, but certain gateways can have it. They can have it checked if they are planning on operating in an area where regulations are strict.

>> No.55668501

>>55668368
>>55668368
Yet you might be watching your gains vanish into thin air. Stick to good centralized exchanges (CEX) At least you won't have to deal with the headache of managing your wallet.

>> No.55668502

this was already yesterday though and if ircc they were 0vix before and rebranded after the 0vix exloit to eralend. if it's not a pure fork of a reputable project stay away imo, in any case never go all in ofc

>> No.55668527

>>55668368
you better hope never bc that's where you're huge returns come from, big aprs from risk etc

>> No.55668538

>>55668476
Are you dying of covid, cancer or something. We need privacy in defi and If you care about privacy, welcome to the hub

>> No.55668545

>>55668368
>When will these devs finally get it together? It's like they keep making the same mistakes over and over.
Everyone is focused on what he can develop with the sole aim of profiting from it. Intuitivity, user-centricity, and the best experience seem to be out of the picture. These are among the major factors impeding wide adoption of Web 3. Soon we would have an influx of new normies flooding in once the price of bitcoin started skyrocketing. That's why we need a better and more intuitive gateway that can serve as a transition.

I still doubt if abstraction account type of self-custody wallet is ready. I know this is contrary to what Vitalik believes, but I don't fucking care.

>> No.55668594

>>55664499
The best way to stay safe is to take self-custody of my assets, Fag. Don't tell me otherwise.

>> No.55668595
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55668595

>>55668527
I'd rather play it safe than risk losing it all. Huge returns might be tempting, but I prefer a more stable and conservative approach to my investments. This is why I'm buying TWT, MASK, and recently DUA

>> No.55668696
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55668696

>>55668595
Jeet, I bought that badass by taking part in their joint LM with Alliance Block on DeFi Terminal.

>> No.55668749

>>55668129
Don't be silly, Anon. NexeraID powered smart wallet will allow me to freeze a compromised account. That's 100 steps ahead of retarded fags IQ.

>> No.55668788

>>55668545
Account abstraction is still a concept in the works, I think. But it's gonna be a game-changer for wallet designs, makin' it way easier to use web3 apps. Can't wait to see the real deal, not just words. We need that full-on purpose and impact.

>> No.55668835

>>55664499
Just to stay ahead of the game, I'm storing my funds on the self custodial smart wallet, which has the ability to require 2FA for any transactions above $50.

>> No.55668867

>>55668788
Self-custodial solutions are my go-to, anon. As it ensures that I have complete ownership and control over my funds.

>> No.55668882

>>55665404
kek they should have used chainlink

>> No.55668913
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55668913

>>55668595
It's because you've fiat, Pajeet. Smart Anons are getting DUA by participating in the ongoing Brillion Beta test.

>> No.55668962

>>55668882
Chainlink is literally dead. I will store my assets on a platform that use NaxeraID protocol for asset recovery and compliance solution.

>> No.55669053

>>55668545
Because of its simplicity and straightforward nature, it is evident that web3 is adopting the abstraction account type. This puts projects that use it in a strong position.

>> No.55669127

>>55669053
It's the way forward, offering a wide array of features that simplify asset management to the fullest

>> No.55669152

>>55668696
This is where the bucks is at now and normies have an instinctual reaction when they see this

>> No.55669177

>>55668749
This is because Nexera ID solution utilizes a programmable smart wallet that promotes privacy, security and self-custody.

>> No.55669178
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55669178

>Oracle-free summ-ACK
What a nice hacker, huh.

>> No.55669316
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55669316

>>55669053
Normies ain't gonna mess with complicated platforms. They want user-friendly, easy-peasy stuff! Can't blame them for storing their assets in centralized shits for now, but they'll learn soon enough.

>> No.55669388

>>55668788
All this emerging tech is a result of the SEC crackdown and ledger recover outrage. The shitshow highlights the need for a self-custody wallet. Well, this simply means that the space is relentless. I won't be surprised if some use SSI.

>> No.55669460

>>55669053
Does that mean EoA is not worth using? If I may ask, what are the setbacks with EoA, because they seem more secure to me?

>> No.55669662

>>55669388
Securing our digital identity is an absolute must. Dealing with data thieves is no joke, and we definitely don't want that mess happening over and over again.

>> No.55669778

>>55669662
The major concern ain't that. A better picture is what happens to FTX users. Relying on custodians is like relying on the government and its useless policies.

>> No.55669880
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55669880

>>55669778
That's why centralized platforms will never ever be a solution if you want peace of mind. I hope they will realize soon. SBF is hell for touching users' funds.

>> No.55670413

>>55669178
Still security is needed to improve

>> No.55670596

>>55669880
Most people understand this. There is a clear understanding of why self-custody remains the ideal way to go when talking about asset protection against unforeseen circumstances.

>> No.55670782

>>55670596
I can totally see why peeps stick with centralized platforms as their main service 'cause they're just way easier to use compared to decentralized ones. Picture this: connecting your wallet to dApps, and some noobs are like, What the heck are dApps? Imagine that?

>> No.55671668

>>55669177
You're right chad. I think the major highlight is that this wallet provides recovery features for its users.

>> No.55671969

>>55671668
Saw this TrustWallet user crying about losing her private key, and there's no way to recover it except for the 12 phrases or the PK. Would be hella good if they had a recovery option in place.

>> No.55672142

>>55671969
No doubts anon, more reason why I'm anticipating the smart wallet Nexera ID is building. It could be a game changer.

>> No.55672269
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55672269

>>55670413
It is a necessity

>> No.55672311

VCs have unlimited funding provided by the WEF aligned governments of the world. They will suffer no repercussions, no loss of reputation, and the money taken is meaningless as the governments can simply print more and give it to the VCs to replace what was taken. This hack proves nothing. It will be business as usual come Monday.

>> No.55672484

>>55669880
Kek, good thing there are DEXes for users who want to take control of their assets. And there are always self-custodial wallets to ensure assets are secure.

>> No.55672500

>>55664686
yes :-)

>> No.55672580
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55672580

>>55670782
You're right anon, the UI needs to be user friendly and easy to navigate. Last I checked, Brillion is building a solution for that, anticipating the launch.

>> No.55672647

>>55670782
Which would you prefer to utilize? Well, this boils down to what individuals consider ideal, safe, and secure.

>> No.55672678
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55672678

>>55672580
So many of them lately. It's fair to say we are in a season where this is needed due to the soaring number of dApps. We need a secure and safe wallet to connect with.

>> No.55672764

HPp

>> No.55672904

>>55672678
Seeing as this one would deliver top tier security and a sovereign ID to manage assets is a major plus.

>> No.55672928
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55672928

>>55664499
checked

hit by a DeFi hack, you say?

>> No.55673063
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55673063

>>55672928
Defi hacks keep getting worse by the day anon. At this point anyone who doesn't take extra measures to secure assets like using a self-custodial wallet is a sitting duck literally.

>> No.55673263

jeet/bot thread, mods do your job ffs

>> No.55673304

>>55673263
The posts and images are fucking hilarious, who are they trying to fool with this shit?
>Bots calling each other jeet
kek

>> No.55673463

>>55673263
>>55673304
Sup d00ds. If ya wanna make a profit, buy CHAINLINK. I believe it will have good profits in the next bull run

>> No.55673464

>>55672269
That's right anon. Its no surprise based wallets in the space keep emerging like Wasabi, Secret and Brillion to keep user assets secured.

>> No.55673529
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55673529

>>55669178
who's forwarding this to ari's cornell .edu email?

>> No.55673867
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55673867

>>55668595
DUA is making major moves anon. I also participated in its beta test for rewards.

>> No.55674228

Vettttt

>> No.55674275

>>55664499
Imagine how scary it will be with quantum computers, we are fucked

>> No.55674355
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55674355

>>55664608
Are you a joke

>> No.55674437

>>55674275
QAN is quantum-resistant, stfu we are safe

>> No.55674925

>>55664686
>shit
Never exploited. What's so shit about that? Hahahahah you poor little niglet. 1k eoy.

>> No.55675118

Buy

>> No.55675974

>>55674437
Funds are SAFU?

>> No.55676476

>>55673867
I read on the news that they are solving major crypto issues of security and asset management.

>> No.55676502

>>55673063
TrustWallet is my top pick. But wait a minute! If I lose my phrase key, I'm screwed. That's why an Alliance Block-supported smart wallet will be my go-to.

>> No.55676517
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55676517

>>55672904
It's no brainier for a Normie like myself to utilize it since it's powered by the NexeraID protocol. Fund safu, Anon.

>> No.55676614

>>55664499
That is worrying Anon. I can see why smart Anons like myself chose NexeraID backed smart wallets due to their ability to mandate 2FA for all transactions above $50.

>> No.55676632

>>55668095
That was pure negligence from the devs. I liked the robust security features of Brillion. It will allow me to freeze a compromised account when needed.

>> No.55676736

>>55675118
What?

>> No.55677441

>>55674355
Lmao

>> No.55679602

>>55676502
TrustWallet is good