Balancer loses $900K in recent attack.

[Anonymous No.55976065]

Balancer DeFi platform hit by $900K exploit after revealing vulnerability in multiple pools. Attack traced to specific Ethereum address. Expert identifies attacker. Stolen funds: $636,812 and $257,527 in Dai.

>Wtf, Why is all of this happening? Is it an inside job, or are these simply security issues?

[Anonymous No.55976172]

>>55976065
Hackers again and again.

[Anonymous No.55976187]

>>55976065
This is not good news at all.

[Anonymous No.55976999]

>>55976065
Lesson: don't use DeFi

[Anonymous No.55977007]

>>55976065
That what you get for using Chainlink

[Anonymous No.55977045]

>>55976065
We'll get news to more protocol exploits. Not lying

[Anonymous No.55977082]

>>55976065
Defi is dead

[Anonymous No.55977118]

>>55976065
When will people learn? Till their defi balance becomes zero?

[Anonymous No.55977121]

>>55976065
Does he get to off ramp that ETH or is he blacklisted?

[Anonymous No.55977153]

>>55976065
I can't believe it haha

[Anonymous No.55977188]

>>55976065
Fucking losers.

[Anonymous No.55977211]

>>55976065
Blockchain vulnerability is high so funds are not safu

[Anonymous No.55977596]

>>55976172
Any solution?

[Anonymous No.55977792]

>>55976065
Use chainlink

[Anonymous No.55977812]

>>55976065
shit happens for retarded devs

[Anonymous No.55977838]

>>55976065
Wake me up when the bearish ends

[Anonymous No.55977870]

>>55976065
Where does the money go?

[Anonymous No.55977882]

>picture of a nigger
>nothing but bot posts
it's like im on twitter fr

[Anonymous No.55977887]

>>55976065
Can the hackers donate 100k dai so I can build a house?

[Anonymous No.55977903]

Hmm sweaty, why didn't you pay up?

[Anonymous No.55978260]

>>55976187
There must be a solution for this

[Anonymous No.55978434]

lol just $900k, most Defi hacks were into millions. this is nothing

[Anonymous No.55978705]

>>55976065
The DeFi hack was attributed to a vulnerability in the code of Nomad.

[Anonymous No.55978723]

>>55976065
DeFi's vulnerabilities are severe because of high leverage, liquidity mismatches, built-in interconnectedness and the lack of shock-absorbing capacity

[Anonymous No.55978743]

>>55976065
Faulty smart contracts are among the most common risks of DeFi. Malicious actors eager to steal users' funds can exploit smart contracts that have weak coding.

[Anonymous No.55978760]

>>55976065
As long as there's interest in the crypto market, the number of hacks won't decrease.

[Anonymous No.55978774]

>>55976065
Still relatively new so expect the unexpected.

[Anonymous No.55978782]

>>55976065
Save your cash anywhere, not on this shady protocol.

[Anonymous No.55978789]

>>55978782
why would you call it shady?

[Anonymous No.55979253]

>>55976999
Really?

[Anonymous No.55979424]

>>55977882
hi from only other organic anon on /biz/
looks like the bots are broken, they haven't shilled their shitcoin yet
save for the chainlink tard, but that reads like a flesh-and-blood tard rather than a bot shill

[Anonymous No.55979582]

>>55977007
Who's up for avoiding scams? The smart move is to aim for shifting your assets to a Decentralized and user-centric ID wallet, anon.

[Anonymous No.55979660]

>>55978789
Scam?

[Anonymous No.55979679]

>>55978760
I agree with this and I think various solutions have been proposed. However, there will always be vulnerable platforms, and finding a perfect system remains challenging. Security and privacy remain of utmost importance.

[Anonymous No.55979717]

>>55979679
But privacy is not given value. Still people can sneak your data

[Anonymous No.55979722]

Pay up or get hacked

[Anonymous No.55979729]

>>55977903

[Anonymous No.55979841]

>>55979717
I think SSI enhances personal data control, curbing leaks. Yet, no solution eradicates all risks. A step forward, but comprehensive security remains vital to ensure the highest level of security and protection.

[Anonymous No.55979968]

>>55979841
Insolvent. Event CEXs can't maintain

[Anonymous No.55980051]

>>55979968
Put your cash on Banks and stress free

[Anonymous No.55980053]

>>55979582
Account Abstraction could be driven force for user centric and adoption, Anon.

[Anonymous No.55980058]

>>55979253
Yes. Buy the rumor. Sell the news. Don't actually give yout money over to "crypto finance" like a normal nog. That's for the greater fools. You were supposed to buy their tokens 3 years ago and then sell for a profit. You weren't supposed to be the ones getting rugged trying to earn an apy with crypto lmao.

[Anonymous No.55980077]

>>55979841
Fag, i've seen so much buzz about PolygonID and NexeraID. I heard the latter has been used to develop a smart wallet and ID solution.

[Anonymous No.55980107]

>>55979968
If you're not confident about storing your digital assets on centralised platforms, a smart wallet is a great option. Why worry when there are alternatives available?
>>55980053
The concept of AA is still young but shows great potential.

[Anonymous No.55980149]

>>55976999
Fuck anon, DeFi projects look fundamentally solid ahead of 2024. Anyone not betting on DeFi is just a retard.
>>55980053
I think those embracing the concept need to be adopted by all

[Anonymous No.55980236]

>>55980107
Even though is still in it's early stage, the offering demands rapid adoption. Users can create dedicated wallets for seamless fund transfers. That's some real flexibility, anon

[Anonymous No.55980246]

>>55980058
Get rugged

[Anonymous No.55980315]

>>55976065
Ooohhhhhh LINKIES

[Anonymous No.55980354]

>>55980236
Achieving mass adoption isn't simple, but we'll reach that point. It's not magic; people will recognize its value over time.

[Anonymous No.55980370]

>>55976172
The bear market has somewhat subdued their malicious activities. But they still leverage vulnerabilities in some dApps. This underscores the need to prioritize security to the fullest extent.

[Anonymous No.55980415]

>>55980107
>If you're not confident about storing your digital assets on centralised platforms
No one should be. Instead, buy and transfer to either a hardware wallet or a cold wallet. The common mistake most users make is storing assets on centralized platforms. FTX should have taught them a valuable lesson by now.

Fuck retard that do.

[Anonymous No.55980488]

>>55980077
Which is better

[Anonymous No.55980623]

>>55980488
Stop asking which is better, as both have partnered anon. This ensures enhanced privacy, compliance, and data ownership for their users – a step forward.

[Anonymous No.55980671]

>>55980488
One of the dumbest questions in this biz. It seems you aren't following the developments in this area of tech. Stop acting like a jeet.

[Anonymous No.55980724]

>>55980354
You're spot on anon and yeah mass adoption might not happen overnight, but it's a journey we're steadily moving towards. Utility can hasten it.

[Anonymous No.55980776]

>>55980370
Hackers are a persistent bunch. But I'm convinced that those putting user ownership first will make a big difference. Getting in on this tech early might just give us the edge in the long run

[Anonymous No.55980785]

>>55980724
I think this is far-fetched, irrespective of the nature of tech, but the progress is on and the vulnerability will always exist.

[Anonymous No.55980864]

>>55980488
Nexera rocks a non-invasive identity deal by AllianceBlock, keeping tabs on users in a secure and personalized style. So, yeah, it's better.

[Anonymous No.55980873]

>>55980785
Vulnerabilities will exist; blockchain technology is still young. Our expectations will not be limited by what it can bring in the future. This response addresses those who have doubts or lack confidence in leveraging blockchain as a solution.

[Anonymous No.55981075]

>>55980315
>Chainlink

[Anonymous No.55981093]

>>55980785
I get where you're coming from, anon. Even though it might seem a stretch, tech keeps evolving. Make cool bucks when the anxiety is high

[Anonymous No.55981137]

>>55979841
What's the point of such dumb tech

[Anonymous No.55981224]

>>55981137
You might not understand the importance until your data is compromised. Retaining full control over our digital assets and identity is much easier on our ears.

[Anonymous No.55981326]

>>55981093
>>55981224
If tech is evolving. Why to much hacks???

[Anonymous No.55981452]

>>55980415
>FTX will make a CUMBACK

[Anonymous No.55981457]

>>55980370
Based Anon. AllianceBlock supported smart wallets will allow me to freeze a compromised account. Don't over complicate things

[Anonymous No.55981474]

>>55980354
AA is like a turbo boost for improvements, especially when it comes to boosting user experience and ramping up adoption rates.

[Anonymous No.55981483]

>>55981326
You're uncivilized to realized that as technology advances, so do the techniques of hackers. But it can be limited with same tec.

[Anonymous No.55981512]

>>55980488
Stop asking noob questions, Jeet. Both are important in their respective domains. Both can be integrated into SSI, privacy, and asset management.

[Anonymous No.55981528]

>>55981326
Hackers are always trying to find vulnerabilities, so it's important to stay watchful and take precautions.
>>55981474
Even if AA is gaining traction, I'm cautious about setting high expectations due to the constant influx of new concepts. What if the hype around it diminishes? Would its popularity fade as well?

[Anonymous No.55981557]

>>55981483
BrillionFi rolled out 2FA for transactions above $50. As hackers up their game, the tech's evolving too, staying a step ahead in the security dance, Faggot.

[Anonymous No.55981583]

>>55981326
It mostly happens on CEX, Anon. Self custody is the way to go.

[Anonymous No.55981600]

Aren't the projects supposed to have backdoors. Like that was some general announcement?
Meh, most of crypto is probably a death trap by design. Stay safe.

[Anonymous No.55981621]

>>55981224
Keep arguing about the tech while I'm busy with DCA in DUA and NXRA. See you in the moon, Anons.

[Anonymous No.55981877]

>>55980776
Are you saying most user-centric products aren't vulnerable or what? They are, except they provide an additional layer of security to avert the unforeseen.

[Anonymous No.55982102]

>>55980873
You have a valid point, and I like the fact that you didn't negate the fact that this is still in its infant stage. A lot of pleb would say otherwise.

[Anonymous No.55982123]

>>55981452
Is that what you are told will happen? The question is: who would trust such a failed exchange again? This just highlights the need for self-custody.

[Anonymous No.55982389]

>>55982123
No doubt about that anon, and now users can get an edge for assets protection with wallets that implement account abstraction.

[Anonymous No.55982440]

what the fuck is this thread

[Anonymous No.55982521]

>>55982389
>account abstraction
I don't trust new tech until it has proven its worth over time. I'm still going to use the traditional kind of wallet. I like the idea of AA, and the concept is cool, but it should stand the test of time before I consider it.

[Anonymous No.55982669]

>bot thread
> up for 24hrs
> top of the catalog
its literally over

[Anonymous No.55983082]

>>55981557
Based chad, its only natural that preventive measures increase and surpass hacks for top tier asset security. I also find it innovative that users can freeze assets when they sense compromise.

[Anonymous No.55983535]

>>55978434
Yes but we're talking about security

[Anonymous No.55983559]

>>55976999
>>55979253
Yeah DeFi is trash. 100s of exploits and hacks since 2017. Maybe later it will be safe but right now it's all just pajeer code money grabs . And probably won't ever be more than that

[Anonymous No.55983621]

>>55976065
shouldnt have used chainlink, scams everywhere

[Anonymous No.55983848]

>>55981583
CEXs have had a history of hacks and loose ends anon. Having assets in a self-custodial or self-sovereign wallet would keep users from getting locked out of their funds.

[Anonymous No.55983892]

>>55976065
Imagine how much will be lost when quantum computers dive into the picture

[Anonymous No.55984334]

>>55976065
Defi is fucked up

[Anonymous No.55984610]

>>55983892
There are quantum-resistant blockchains already, ALGO and QAN are the best right now

[Anonymous No.55984847]

>>55984334
I think more audits should be implemented to pinpoint vulnerabilities in smart contracts before they are exploited by hackers. Users can also use wallets that enable 2FA to increase the edge for asset security.

[Anonymous No.55985049]

>>55984610

[Anonymous No.55985147]

>>55982440
Shill bots talking to one another about rugpull faggotry

[Anonymous No.55985222]

>>55976065
>exploit after revealing vulnerability in multiple pools.

Imagine my shock that a Ponzi scheme pushed by criminals would lead to theft.
SHOCKED I SAY!

[Anonymous No.55985365]

>>55981452
This is a gentle reminder why users can't trust CEX. Sticking with non-custodial wallets where I have full control over assets is a preferred choice.

[Anonymous No.55985624]

>>55981093
Absolutely. Buy the news and sell the rumor. I hope this emerges as a trend.

[Anonymous No.55985919]

>>55982521
Well, it is a new approach and we should give it time to play out. But if it turns out durable overtime then it would change the standard of asset security for users as we know it.

[Anonymous No.55986034]

>>55976065
Hmff

[Anonymous No.55986134]

>>55981621
The first is among my choices for the long term and I'm also anticipating its wallet which would give users a unique ID to manage and access assets.

[Anonymous No.55986176]

>>55982440
It's the protocol that matters you see... Buzzword product sales pitch buzzword needlessly complicated explanation.

[Anonymous No.55986212]

>>55986176

[Anonymous No.55987148]

>>55976065
Fuckkk

[Anonymous No.55987199]

>>55983535
I think users should secure assets in anyway they can bizfag. Having self-sovereign wallets with 2FA help reduce the chances of compromise in web3.

[Anonymous No.55987765]

>>55987199
That would help

[Anonymous No.55988444]

>>55981528
AA is a game changer, Anon. It allows Jeets to leverage the blockchain without the burden of wallet creation or the complexities of handling private keys.

[Anonymous No.55988498]

>>55983082
I like the idea of earning DUA tokens from my daily activities, Pajeet.