With the recent extremely public hacks that happened on Thor chain I am wondering what steps the team is taking to learn from the seemingly obvious mistakes that allowed the hacker to make off with the funds in that exploit.
Here is a great summary for those who have not read into it.
Is there a blockchain security auditing firm the team plans to employ? What gates of testing are being used currently?
I hope this other chains failure can elevate function x to its proper place as I have extreme trust in the competency of the team, but would still like to hear about the measures being taken to secure our projects code!
Can Pundi X and Function X get audits from CertiK or other famous auditors?
I understand the concerns, but as we see in many projects, the audits don’t mean much.
Some with 3/4 audits and are hacked anyway…
Team just have to work to make the function x as secure as possible
Amount of coins staked wont matter if there’s a bug.
Staking secures the network from certain attacks but this is a bug exploit, not an attack. Get an audit internally but don’t release it.
ThorChain literally told everyone what their bugs were and they got exploited.
I personally feel like the thor chain exploit feels very “inside job” to me.
I still feel like audits are worth the effort because living in a echo chamber internally doesnt help anyone. It can still catch potential oversights or other honest mistakes.