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"restored"... that's an interesting word here, and it suggests that money was manufactured to replace that which was drained (which itself was a kind of manufac
by blunte 5y ago
"restored"... that's an interesting word here, and it suggests that money was manufactured to replace that which was drained (which itself was a kind of manufacturing).
The previous HN tweet thread story about this described so many dependent moving parts that I imagine great difficulty in properly testing and proving that the entire system worked correctly in all cases. If it is built as described in that story, auditing would be an enormous task... and further, putting your name on that audit would be very risky to your reputation (since almost inevitably you will miss something and it will be exploited).
In summary, the system was too complex and offered too many ways for something to go wrong or be exploited.
- not2b 5y agoThe stolen cryptocurrency was not recovered. The company put in its own real (fiat if you prefer) money to cover the losses. They did this because if they don't, the operation will collapse; no one will invest if bad security means all the money disappears.