Bitget calls out DeFi protocols after $387.5 million hack, credits NEAR Intents
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The crypto industry has spent years trying to reassure users that the security failures of the past have been left behind. Better custody systems, larger insurance funds, sophisticated monitoring tools and institutional-level infrastructure were supposed to make attacks on the main Exchanges increasingly rare. ... Read more
CASE STUDY | This Hack Has Exposed Crypto’s Permissionless Idealism
A dispute between cross-chain protocols THORChain and NEAR Intents over the handling of funds stolen in the $387.7 million BitGet hack has highlighted a growing divide in the crypto industry over how far permissionless systems should go in preventing illicit transactions. MILESTONE | BitGet Says Stolen Funds Nearing $400 Million as Security Breach Unfolds About $387.5 million of stolen assets began moving across blockchains after the Septemb…
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Crypto BriefingBitget calls out DeFi protocols after $387.5 million hack, credits NEAR Intents
The hack highlights vulnerabilities in DeFi protocols, potentially prompting increased regulatory scrutiny and debates on asset recovery practices. The post Bitget calls out DeFi protocols after $387.5 million hack, credits NEAR Intents appeared first on Crypto Briefing .
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