Lol, what the fuck.
Is this the biggest rug so far?
Talking of security huh?
They had 9 validators, five of which got their keys compromised resulting in an attack that left the network with a $600 Mill in deficit.
Now, it's funny because the attacker sent around $10Mill USD to #FTX, #BNB, #HUOBI, and #crypto.com
Doesn't he/she know #CEXes are traceable or he's just doing it for the meme?
I'm a bit surprised no one saw it coming when there was a lot of suspicious on-chain activities that indicated something's fishy. And it lasted for 6 days!!!!
Imagine not realizing something big's happening on the chain for six entire days. Definitely a fiasco in my opinion.
It does point out the importance of security branches and how to avoid or mitigate exploits. No wonder why decentralized projects are the future.