RE: wLEO Was Hacked on Ethereum | Thank You Everyone for the Amazing Support

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More than anything this proves how insecure anything based on Ethereum smart contracts is.
Too few people understand Solidity.

Hive is a much more secure platform because DApps are programmed in a language every Dev understands.



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I will hold myself from stating openly and publicly, what is "insecure" and what not - at least until I will hear what EXACTLY happened, and how hacker could print those fake wLEO's, and/or get access to smart-contract.
Was it:

  • access to private-keys, not been protected properly?
  • hardware hack?
  • bug in the programming language?
  • bug in libraries?
  • Insiders case? (I have no idea how many other people are helping Khal, but almost sure he has some helpers)
  • is ETH less secure that other rivals, of other smart-contracts?
    Do you know? I only can guess yet.

Posted Using LeoFinance Beta

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