The laptop may be how they got in. What kept the money moving was the 7702 delegation on Binance 14, still live 80 minutes after the first sweep, when the attacker used it again for 200M USDT (Blockaid). Isolating a machine doesn't remove it. Someone has to sign it away
I want to speak to you directly about what happened.
Bottom line - your money is safe, and we're covering every loss.
Our initial investigation suggests this security incident may have started with a compromised DevOps engineer's laptop. That gave an attacker access to a
What happens after the trade?
A tokenized asset demo can make buying look simple. Then comes a split, redemption or distribution.
Your product needs to explain what the customer owns, what changed and which record is authoritative.
A one-block reorg was enough because the deposit got credited before the re-check could confirm it was still on the canonical chain. Good on the solvency checker for halting swaps on its own
On October 31, THORChain halted trading on several blockchains.
An Ethereum block reorg caused THORChain to pay out 10 ETH that a vault never received. The automatic solvency checker caught the shortfall and halted ETH swaps. Within approximately two minutes, node operators
New chains will keep launching for a simple reason: for an institution coming onchain, launching its own chain is usually the best way to capture the value.
@ecdsafu from @squidrouter on why that makes connecting them the long-term problem.
Full episode👇