Security auditors should be held financially liable for missed blockchain vulnerabilities
The debate concerns whether security auditors should bear financial responsibility for losses caused by vulnerabilities they fail to detect. Audit scope, subsequent code changes, negligence and the limits of contractual liability affect how such a rule would apply.
Balancer considers shutdown after $130M hack, token holders to vote on $9M treasury distribution
Decentralized exchange Balancer is proposing to shut down following a $130 million hack, with BAL token holders scheduled to vote September 25-29 on whether to claim proportional shares of over $9 million in remaining treasury assets or forfeit their claims.
Understanding the Balancer v2 Exploit: Technical Analysis and Lessons for the Blockchain Industry
Excerpt; open the original source for the complete text.
Radix blockchain halted for 10 days after $1.3 million exploit from 3-year-old bug
A vault flaw created during a routine code refactor three years ago enabled a $1.3 million theft on the Radix blockchain, forcing validators to halt the network for 10 days. The Radix Foundation disclosed the incident on September 17.