DeFi Survival 101; why OptionRoom's response to the ChainSwap hack should be the industry playbook
cryptodaily.co.uk
Over the weekend, the smart contracts of Alameda-backed cross-chain bridge ChainSwap were comprised by a hacker in an attack which saw a slew of prominent crypto projects have their ERC-20 and BEP-20 tokens stolen, with the hacker then attempting to liquidate them on decentralised exchanges Uniswap and Pancakeswap. Events such as these are unfortunate aspects of the crypto industry, which is a fact known all too well by ChainSwap; earlier this month, the platform was subjected to a separate attack which took advantage of another weakness in its code, resulting in $800,000 worth of losses.
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