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by mewse 1344 days ago
NB: This article is about the $115 million Mango Markets hack of a few days ago, not about the $127 million exploit of Binance's blockchain from last week or the $160 million Wintermute hack from last month or the $1.2 billion-with-a-'b' Acala hack from the month before, or...
3 comments

Crypto being public might mean more hacks get reported whereas a 100 private businesses getting phished out of a million wont register even if the information is available to a reporter.
And?
its a statement to focus on the system design of the organizations that got hacked instead of the asset/platform they happen to use, just like we do with non-crypto organizations
The platform that an organization uses is a critical piece of the design of an organization. If a bank gets hacked because they’re running Windows 95, would don’t turn around and absolve them of liability.

And if an organization uses an anonymous, immutable platform that makes it vulnerable to manipulation and theft, well then they deserve every bit of criticism.

Sounds more like you could use a news service that made headlines about all the protocols and contracts that aren’t hacked

It is vastly larger in volume

the Mango Markets attack was a few hours ago.
When will they learn? When will they learn... THAT THEIR ACTIONS HAVE CONSEQUENCES