SOLANA hacked, not healthy for the crypto and web3 development

[Anonymous No.50730795]

What could be the cause of the recent Solana chain hacked?
How do we overcome future occurrence?

[Anonymous No.50730815]

>>50730795
>How do we overcome future occurrence?
Stop being a little cult and use crypto to actually buy stuff instead of playing with it in your little kiddy sandbox version of stock market

[Anonymous No.50730851]

>>50730795
Did they use LINK

[Anonymous No.50730860]

>>50730795
Buy solid projects not vc scams. It's always an insider job

[Anonymous No.50730877]

>>50730795
Using better consensus mechanism at the very least.

[Anonymous No.50730911]

>>50730795
Those solana guys are criminals, they have hands in the current hack, because they have access to what users are holding
They should all be arrested.

[Anonymous No.50730919]

>>50730815
>use crypto to actually buy stuff
Even if we assume it is only used as a currency, Fiat is also used to trade FOREX, so either way, as long as there are price disparities, it will be exploited in the form of trading.

[Anonymous No.50730929]

>>50730795
Work on their uptime, and improve their source code.

[Anonymous No.50730972]

>>50730877
They are very Honest

[Anonymous No.50730983]

>>50730860
From the news it has nothing to do with the SOL source code.

[Anonymous No.50731068]

>>50730983
How was it two different wallets though?

[Anonymous No.50731092]

>>50730795
>How do we overcome future occurrence?
Stop using Solana? It doesn't work, breaks down every few weeks and gets hacked left right and center?

[Anonymous No.50731219]

>>50731092
But they have good gems that make good money anon, I can't just stop using it, though it's shitty, but it has made me good money, something just has to be done to overcome this next time

[Anonymous No.50731225]

>>50730919
Yeah, no doubt, and the immutable nature allows it to have a lot of use cases asides being a currency.

[Anonymous No.50731227]

>>50731068
It wasn't. It was anyone that used Slope at all, even for importing private keys from other wallets. Fuck that jewchain anyway though. Watch Bankman drop it for one of the Move based chains next bullrun

[Anonymous No.50731254]

>>50731068
No fucking idea. 3 different wallets.

[Anonymous No.50731273]

>>50731092
But they have good gems that make good money anon
I can't just stop using it, though it's shitty, but it has made me good money
Something just has to be done to overcome this next time

[Anonymous No.50731300]

>>50731227
Damn, too bad, I think this is an insider heist.

[Anonymous No.50731314]

>>50731273
You obviously got in very early?

[Anonymous No.50731326]

>>50731273
What can be one though? It is looking very dim for them.

[Anonymous No.50731347]

>>50731300
You got it anon
I believe those motherfuckers have access to viewing users balance
They must be perpetrators of this, that's why I fancy privacy blockchain where you alone have access to your funds

[Anonymous No.50731497]

>>50730795
literally no one gives a fuck about SOL, anon. im too tired to flame you so that’s just the truth. wake us up if the wallets get drained off ETH or something that matters, but anyone losing money on SOL 100% deserves it

[Anonymous No.50731534]

>>50731273
>gems
There are no "gems" on Solana, Eth or BNB for that matter. It's just pump and dumps. You can find these all over the place, you don't need Solana for that.

[Anonymous No.50731574]

>>50730860
I just want to make money. Tell me how to do that.

[Anonymous No.50731591]

>>50731574
it’s a pretty well known blockchain you may have heard of called ethereum

[Anonymous No.50731698]

>>50730911
No one can prove that honestly. But let's hope it's not an insider hack cos they honestly need to be prob.

[Anonymous No.50731701]

>>50731574
It is not as easy as you think it is, but if you invest in the right direction, it will definitely come true. Go with major assets and few undervalued ones

[Anonymous No.50731741]

>>50731698
This is decentralization. They can't be probed.

[Anonymous No.50731831]

>>50731534
That's basically all defi is, just pump and dumps.

[Anonymous No.50731856]

>>50731741
Lol, is not decentralized. This is just fucking modern day robbery.

[Anonymous No.50731938]

>>50731831
You are wrong if that's your opinion about Defi or the crypto space.

[Anonymous No.50731976]

>>50731347
You got a point, XMR is a good solution to this. Too bad they don't have any dapps.

[Anonymous No.50732059]

>>50731856
>Lol, is not decentralized
Oops. Is it because of the incident with the solend invalidation of whale wallet? That sucks anyway. Speaking of security, I think every project has to prioritise it. This is one of the few reasons I like the GEEQ security model.


>This is just fucking modern day robbery.
kek

[Anonymous No.50732082]

>>50731938
95% of defi is simply to facilitate the shitcoin casino. The reality is you don't need all these tokens and the only one that has any promise of real world utility is Bitcoin as a consensus layer with tokenless layers on top.
Decentralized finance is a great idea, but it's not going to work on centralized base layer.

[Anonymous No.50732203]

>>50730795
Nah its bullish. Will mean people will stop buying scam projects like Sol and put it into a few surviving giants like AVAX which will secure the financial future.

[Anonymous No.50732206]

>>50731831
I strongly disagree with you. Not all Defi are PND. There are some that have an innovative approach to data solutions that is better than conventional EDI. I believe DEFI is in its infant stage and adoption will surface in due time. These are projects with real sustainability.

[Anonymous No.50732269]

>>50732206
I agree, there's definately potential for defi but Ethereum and all it's clones are not flawed from day one. Tokens not needed.

[Anonymous No.50732290]

>>50732269
Sorry, I meant Ethereum and it's clones are flawed. Not decentralized, not secure.

[Anonymous No.50732319]

>>50731856
Decentralization is just starting off and you should understand this. We are still far from complete security and protection in the space.

[Anonymous No.50732367]

>>50732290
Ethereum clone? Go back to your hideout if you think you can fight Ethereum. Don't be a retard with shit opinions.

[Anonymous No.50732382]

>>50730860
I think this insider job stuff is becoming the truth cos its getting way too much.

[Anonymous No.50732410]

>>50730795
It's over for Solana. Too many problems from network shutdown to hacking.
RIP Solana. I'm better going on privacy and security related chains.

[Anonymous No.50732420]

>>50731273
You gon rekt, Take your assets off centralized platforms kek there are security protocols and asset management tools that makes thing a lot easier.

[Anonymous No.50732421]

>>50732319
We already have it with Bitcoin, its the only layer strong enough to build on. You think these vc's and foundation insiders are just going to walk away and give up control?

[Anonymous No.50732454]

>>50730795
nobody cares about some centralized scam

[Anonymous No.50732474]

>>50730911
I wonder why we all wont just adopt private DEXs to avoid exposing our assets to such exploit.

[Anonymous No.50732500]

>constant network outages
>50% of supply reserved for VCs
>wallet hacked
>people still put money in this shit
This is like Cardano 2.0 where everyone knows it's a shitcoin but they're still hopeful of deluded

[Anonymous No.50732507]

>>50732290
What's more decentralized then, you pleb? Are you a Bitcoin maxi trying to FUD on Ethereum?

Ethereum is literally the birth of more altcoins. Like the fact that programmable privacy project is inspired by the smart contract feature of Ethereum. Stop hating

[Anonymous No.50732540]

>>50732507
>Ethereum is literally the birth of more altcoins
Is this what eth maxies actually believe?

[Anonymous No.50732560]

>>50732421
Do you build on Bitcoin? Tell me what I don't know please

[Anonymous No.50732565]

>>50732500
This is more like it. More like Terra Luna as well. Many people believe they can get something out of it meanwhile it's a dead project. I just wonder when real retards will recognize the power of Internet of Blockchains that Cosmos has with top projects such as crypto.com, juno, secret, osmosis, axelar, kavar, evmos, stargaze and lots more showing how they impact the world

[Anonymous No.50732587]

>>50732290
There is no full-stack decentralised protocol, but ethereum security is unparalleled in comparison to others, with the exception of those that are quantum threat resistant with 99% BFT.

[Anonymous No.50732590]

>>50732560
He's a Pajeet. He thinks one can build on Bitcoin. I don't want to cry

[Anonymous No.50732620]

>>50732540
It's now what Ether maxies believe. It's a fact that shouldn't be fucking argued, you newfag.

[Anonymous No.50732642]

>>50732319
You're right, but not as far as you think it is. If you understand others' derived consensus mechanisms like por and poh, you will share the same sentiment.

[Anonymous No.50732711]

The only time this shit show of a chain is actually online is when it's getting hacked. Ah yes the incredible "eth killer" retarded. stick to ETH and the allmighty Polygon.

[Anonymous No.50732739]

>>50731574
>>50731701
Making money is actually straight forward but luck and strategy plays big roles, buy low and sell high its as simple as that. High caps are mostly for long term hodl cos they dont give the multiple gains as lowcaps that are cheap and can do a 100x in the shortest period especially those in trending sectors like NFT management, web3, identity management and asset management.

[Anonymous No.50732781]

>>50732590
The building on Bitcoin is already happening. Only one token needed buddy. In 5 years or so most of these shitcoins will fade away, including L1's.

[Anonymous No.50732799]

>>50732474
It's all a matter of choices. Some like getting exploited

[Anonymous No.50732802]

>>50731976
Privacy protocols are still very much underrated in solving this recurrent hacks. There are even better L2 privacy protocols now like Railgun with better features.

[Anonymous No.50732812]

>>50730795
I still cannot access my bags, solend should happen quickly now.

[Anonymous No.50732830]

>>50732781
Tell me what's building on bitcoin. Does it has a smart contract or is it a network? Only fags and feds want a single token they can control.

[Anonymous No.50732839]

>>50730851
I lost more money in that shit, i wonder that will this ever pump or not

[Anonymous No.50732868]

>>50730911
They will switch it off. The day devs wish, is this what is now left of crypto, crazy no good blockchain around, eth has no match.

[Anonymous No.50732904]

>>50731347
I wonder when degens will understand it, scrt is good, xmr is decent but blocked in my country, rail is yet to develop, oasis is shitty privacy level, can be hacked by 12 year old boy

[Anonymous No.50732938]

>>50730929
their downtime is more than uptime, I have longer sex sessions then these guys , this is the first hack I am affected by and I do feel the pain.

[Anonymous No.50733041]

>>50731976
XMR?
I think I head it was banned in Japan and other countries, Secret Network could be a better option here instead

[Anonymous No.50733054]

>>50733041
I remember I flipped some private nfts on them and made money, their dapps are solid.

[Anonymous No.50733071]

>>50730815
>use crypto to actually buy
For me that would mean paying capital gains tax on every purchase or commiting tax fraud

[Anonymous No.50733073]

>>50732474
SiennaSwap is the real deal for me. I'm so safe, you faggots

[Anonymous No.50733085]

>>50731741
Do you think solana chain is decentralized?
Absolutely NO
The chain is still operating in a centralized manner

[Anonymous No.50733088]

>>50730795
This is why one should stick their asses to btc and eth , even fucking a dog knows that a merge is coming soon.

[Anonymous No.50733122]

>>50733073
I have staked my bags of atom and juno over it. staking to feed my horrible wifey and kids, who just want to suck blood out of me.

[Anonymous No.50733154]

>>50733085
Nothing can stop then anon, do Kwon is safe and enjoying over his millions and billions of dollars. It is only people like us who belive in the tech are crushed. story of my life.

[Anonymous No.50733198]

>>50733054
Yea, not just NFTs, all my Games & DeFi are done on their ecosystem, without a third party spying my transactions and engagements.

[Anonymous No.50733205]

>>50733122
I used to swap SHD and ATOM on that platform along with secretswap while staking on Keplr. Tak about front-running resistance

[Anonymous No.50733221]

>>50730795
I am just wondering what this is web3, I have some development in the metaverse, but the web is still a myth for me.

[Anonymous No.50733239]

>>50733198
You're more safe getting on private chain. Life's easier and peaceful

[Anonymous No.50733260]

>>50733205
keplr is really offering some juicy apy, been staking over them for a while.

[Anonymous No.50733262]

>>50733041
I love the privacy sector. Feds are just being an ass and trying to control everything.

[Anonymous No.50733285]

>>50733260
Don't tell everyone before APY drops to shit.

[Anonymous No.50733325]

>>50732500
>This is like Cardano 2.0
You are fucking retarded to compare a centralized vc scam to the most decentralized blockchain

[Anonymous No.50733351]

>>50730983
Don't even bother trying to explain the difference between the blockchain and a dapp to these mongrels.

[Anonymous No.50733366]

>>50732319
Isnt this enough reason to utilize more security protocols like Ore protocol to give more control over assets while sensitizing the crypto space on how to utilize decentralized wallets.

[Anonymous No.50733403]

>>50730795
Hahah, good thing I slurped some ETH…. Checks…. Yep up 60% from the bottom.

[Anonymous No.50733431]

>>50731574
>I just want to make money. Tell me how to do that.
get a fucking job loser

[Anonymous No.50733529]

>>50733366
Security and privacy are a must at this time but most devs take them for granted.

[Anonymous No.50733661]

The last SOL hack could be the reason why SOUL is pumping!
People sell Solana and start buying Phantasma Chain, the smart NFT blockchain.

[Anonymous No.50733744]

>>50730795
My anger right now is that dumped COIN to buy more SOL. Now, this is pumping.

[Anonymous No.50733952]

>>50733529
They will soon come to their senses. As far as the actual advantages and disadvantages are concerned, it is safe to say that there are a lot more positives to look over than negatives with privacy coins, to say the least.

[Anonymous No.50734126]

>>50732904
Rail is yet to develop?
>It exist currently exist on 3 chains-ETH, polygon and BSC with NEAR and polkadot in sight
>Its frictionless i.e non gated token- Token not needed to access service
>It doesnt use bridges
>Uses relayers more effective than mixers
>It has its private DEX and more

You should Dyor before seething fag.
>

[Anonymous No.50734164]

>>50733952
That's true. Only if the mass users will see the bigger picture

[Anonymous No.50734172]

>>50733262
Feds are doing their job, but any privacy with a smart contract with auditable features will definitely be permitted by feds

[Anonymous No.50734242]

>>50732904
You sound confused, which of them are the best, with a strong security and privacy enabled?

[Anonymous No.50734340]

>>50733366
It is a good reason but definitely not enough. More privacy protocols should step up. The sole aim of Crypto was anonymity but these days, this is not the case.

[Anonymous No.50734396]

>>50734164
With regulation stepping in, we all will be forced to embrace it or we have fun leaking the Fed's asses every fucking time.

[Anonymous No.50734434]

>>50734172
>any privacy with a smart contract with auditable features will definitely be permitted by feds.
Which projects have this? I don't want to deal with the wrong ones.

[Anonymous No.50734515]

>>50730795
>Wallet-let fags getting fucked over again
And water is still wet

[Anonymous No.50734584]

>>50734242
I think secret is the one anon is referring to, because it's a bit more advanced than others on the list.
>>50733366
It is, security is good, but without privacy, your security is prone to manipulation
>>50734340
>The sole aim of Crypto was anonymity
Decentralization instead

[Anonymous No.50735108]

>>50734584
>Decentralization instead
Does decentralization actually improve efficiency? Web3 is so difficult to work with because of the decentralized structure.

[Anonymous No.50735260]

>>50733661
I'm into Solana NFT recently and bought some Genesis queen eggs which cost around 19 SOL right now, they will play a major role in the upcoming alpha launch this Q4. So tell me, if I still have more chances of making it or should I offload my bag and get more SmartNFT?

[Anonymous No.50735302]

>>50735108
Web3 is a component of decentralization, privacy, security and speed
Without these 4 pillars, it is still web2

[Anonymous No.50735562]

>>50730795
As shitty as solana chain is, they barely have P2E projects building on it, any idea about a good P2E gaming to make more money from?

[Anonymous No.50735722]

>>50730795
As shitty as solana chain is, they barely have P2E projects building on it, any idea about a good P2E gaming to make more money from?

[Anonymous No.50735770]

>>50730795
As shitty as solana chain is, they barely have P2E projects building on it, any idea about a good P2E gaming to make more money from?

[Anonymous No.50736721]

>>50732739
Something you should know is that most of those low-cap projects won't survive the heat. There are few that will survive.

[Anonymous No.50736784]

>>50733085
I know it's not decentralised; they proved that to us.I'm trying to make a point there.

[Anonymous No.50736897]

>>50736721
Only low cap with no use cases will not survive, those with massive utility will definitely survive the heat.
>>50736784
That's why you have to find more decentralized, secured and private by default blockchains

[Anonymous No.50737242]

>>50733285
You must be selfish anon
Let others enjoy DeFi too

[Anonymous No.50737387]

>>50735770
Why not try secret Heroes, it's one of the best P2E games so far

[Anonymous No.50737403]

Only midwits think Solana is a "crypto".

[Anonymous No.50737463]

>>50730795
>Solana chain hacked?
shitty pajeet closed source wallets got hacked
the solana chain (this time at least) didn't fuck up

[Anonymous No.50737481]

>>50731347
>I believe those motherfuckers have access to viewing users balance
those slope wallets they literally saw the seed phrases
so yeah, they knew how much

[Anonymous No.50737514]

>>50730795
eh start with your wallet not storing your pw in plaintext

[Anonymous No.50737650]

>>50732540
the EVM is a dominant player in the space
the more shit like BNB and AVAX and ADA to keep being relevant have to run EVM
and the more chains your code can go on, the more valuable it is
it's why shit like the BNB fork even exists to begin with
for code the more things you can deploy it on, the more you can make, the more it's going to be programmed for
the more ETH is copied, the more entrenched it gets

[Anonymous No.50738407]

>>50731497
>wallets get drained
This shit has been recurring with Solana. Regular downtimes and some fucking hack and wallet drainage.
The chain is awesome when it fucking works 100% but as shitty as ever when clogged with downtime. I lost a fortune to Solana and last year while trying to mint the NFT. My wallet got drained, I began to build my portfolio again, researched for a more secure wallet to store my assets and I've since been making use of Sylo smart wallet. Privacy and security is all that matters in this space. Insurance protocols ought to be built alongside hack mitigation tools desu

[Anonymous No.50739519]

>>50737387
Orbem wars and Secret heroes are the ones I recommend. Play both and thank me later.

[Anonymous No.50739618]

>>50732904
Stop wagging your mouth like a retard. All of the privacy protocols you mentioned are good because they achieve privacy in different ways.

[Anonymous No.50739735]

>>50736897
>That's why you have to find more decentralized, secured and private by default blockchains
Suddenly, annons are now looking into privacy and anonymity. Seems like we need more hacks to get our senses in the right place.

[Anonymous No.50741579]

>>50730795
Bullish for butcorn