The takes going after Cindy personally and Drift are honestly infuriating. They are also pretty emblematic of why not just women, but a lot of serious people, hesitate to go full-time into crypto.
As usual, it’s anon accounts and a lot of thinly veiled misogyny.
She pointed out real issues with Hyperliquid that mostly haven't been addressed including centralization vectors, trader protections, and increasing transparency (ADL).
Does that make the Drift model perfect and the exploit itself excusable? Of course not. But what happened with Drift’s admin key is the kind of risk that exists across many DeFi protocols.
We are all in this together and need the DeFi narrative to stay intact for us all not be wasting our time.
Do better.
Hyperliquid Datos de precios en tiempo real
Hyperliquid HYPE Historial de precios USD
Sea propietario de HYPE ahora
Compra y vende HYPE fácil y seguro en BitMart.Ganar
Pon a trabajar tus criptomonedas inactivas y obtén ingresos pasivos a través de ahorros, staking y más.Hyperliquid X Insight
A complete list of admin keys in the top 100: ⚠️\n\nHYPE - ARB admin key for USDC\nMNT - L2 admin key\nASTER - SC admin key\nONDO - SC admin key\nPOL - L2 admin key\nENA - SC admin key\nARB - L2 admin key\nPUMP - SC admin key\nAERO - BASE admin key\nLIT - L2 admin key\nSYRUP - SC admin key\n\nDrift just showed the world why admin keys are so bad; it not only defeats the entire purpose of crypto, but it is also outright dangerous!\n\nIn all of these examples, a multi-sig can steal all user funds because the smart contract can be upgraded to allow any rule change. Including theft\n\nThere is no excuse for a project deployed on a larger chain to still use such admin keys. There are plenty of prominent examples of projects that burned their admin keys & still managed to be extremely successful. UNI & AAVE are both great examples of this being the case\n\nL2s are a different story; they all have admin keys, an inherent consequence of perverse incentives. Which is in part why we have been so skeptical of L2's ever since the concept w
Years ago, the CFTC was suing DeFi protocols. Now, @ChairmanSelig is championing what permissionless networks and onchain systems can do for the future of American finance.
That vision, paired with the rules to match, is what will make America the crypto capital of the world. https://t.co/lp64u2fP6q
