A heavy blow from behind. $XRP was stolen nearly 200,000 coins, and Coreum’s cross-chain bridge is yet another smart contract vulnerability—on-chain verification is basically a sham.
The most ironic thing about this bull market is how the bridging protocol keeps repeatedly getting rug-pulled. After each attack, the team publishes a long statement to soothe users, pulling in an auditing firm for endorsements—yet retail users’ coins are still never recovered. 200,000 XRP at current prices amounts to only around the low tens of millions. But the XRP ecosystem already has fragile liquidity, so the shock from panic selling pressure is far greater than the losses shown on the books.
Don’t count on any compensation plan. The last bridge that had an incident is still playing dead to this day. My take: keep playing with bridged assets and you’re basically paying hackers. If you can, withdraw locked or cross-chain funds; don’t give wallet permissions to any contract.
Honestly, after you’ve seen enough security incidents, you get numb to it—the teams keep building, the hackers keep laundering, and in the end the ones who get hurt are always the retail users roaming around on-chain. Anyway, I’ll just watch the show.
$COREUM #DYOR #安全事件 #market sentiment
The most ironic thing about this bull market is how the bridging protocol keeps repeatedly getting rug-pulled. After each attack, the team publishes a long statement to soothe users, pulling in an auditing firm for endorsements—yet retail users’ coins are still never recovered. 200,000 XRP at current prices amounts to only around the low tens of millions. But the XRP ecosystem already has fragile liquidity, so the shock from panic selling pressure is far greater than the losses shown on the books.
Don’t count on any compensation plan. The last bridge that had an incident is still playing dead to this day. My take: keep playing with bridged assets and you’re basically paying hackers. If you can, withdraw locked or cross-chain funds; don’t give wallet permissions to any contract.
Honestly, after you’ve seen enough security incidents, you get numb to it—the teams keep building, the hackers keep laundering, and in the end the ones who get hurt are always the retail users roaming around on-chain. Anyway, I’ll just watch the show.
$COREUM #DYOR #安全事件 #market sentiment