Ignas
@DefiIgnas
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Co-founder of @PinkBrains_io DeFi Creator Studio
Joined February 2017
2K Following 164K Followers
Did we actually learn how to deal with hacks by now?
- Binance communicated the exposure & said it would cover all losses with SAFU + company funds.
- Tether & Circle quickly froze billions in stolen stables.
- Aave froze new DEPOSITS & BORROWING while keeping WITHDRAWALS open. Users could still repay loans too.
- Arbitrum's Security Council froze 8.4k ETH and 74,6M ARB (last time it took them longer. Now they know what to do).
- Elliptic shared a free live list of hacker linked wallets so others could flag and block the funds.
Most importantly, the market did not overreact and BTC trades just ~5% lower.
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