Post
Topic
Board Speculation
Merits 12 from 5 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
dragonvslinux
on 02/12/2021, 16:03:21 UTC
⭐ Merited by El duderino_ (5) ,vapourminer (3) ,LoyceV (2) ,shahzadafzal (1) ,JayJuanGee (1)
Don’t be this guy.

WTF is a "Defi hack"? He lost his Bitcoins the moment he sent them to this Defi money grabber!

Just read about this, technically this is only a DeFi-based hack, as opposed to a DeFi hack, as the smart contract wasn't even exploited.
Hackers exploited a vulnerability in the UI of the DeFi-based website. It should really be labelled a website hack, but nevermind.
Is it really a hack when users are asked to give control of their account over to hacker, and they sign to this ? No really imo.
For example when an exchange get's hacked and loses it's BTC, is it a Bitcoin hack or an exchange hack ? Exactly.
It's literally a contractually binding agreement to lose all your money  Tongue
Good lesson overall in staying away from DeFi though...