Post
Topic
Board Altcoin Discussion
Re: DeFi protocol Pickle Finance hacked for $20,000,000
by
Spaffin
on 22/11/2020, 14:18:39 UTC
I spoke with the representatives of Pickle Finance in their telegram chat, and they were very defensive, even banned my account and deleted some posts.

I questioned if there will be some compensation on the loss of funds of people who were holding finance in Dai Jar, but their response at the moment was "we got our attention at the hack itself at the moment"

The most interesting part is that the project was audited for security with 2 companies -- MixBytes and HAECHI, doesn't it mean it's supposed to be secure from external attacks? Something's really fishy in this whole situation...
Being audited doesn't guarantee you a 100% free from external attacks, it will just give you the assurance that during that certain time, that smart contract is being audited with no error in their code and ready to use in their project. But the thing is, even a certain project is audited still it can be hack once it will receive some transactions internally and externally. and I don't know they audit company you've said as well, but then I believe in some defi projects as well, but we should learn how to choose which defi project we will use our money and spend our time.
For me personally, it will be difficult to carry out such a painstaking analysis to make sure that there are no vulnerabilities at such a high level of a particular project in which I am going to invest. It is very difficult and perhaps this is another risk for every investor.