b14g’s latest statement: It will begin repaying the stolen CORE within 5 to 7 days. However, after the compensation timeline was announced, the market wasn’t convinced, and CORE instead fell by about 2.3%.
Why did the price weaken despite a clear repayment commitment?
First, “begin repaying” doesn’t mean “repay in full.” The compensation rate, source of funds, and pace of future payments are all still unknown. Faced with uncertainty, the market usually prices in risk first.
Second, security incidents damage trust. A funding shortfall can be made up over time, but rebuilding users’ trust in a protocol’s security takes much longer. The coin’s short-term price fluctuations reflect this wait-and-see sentiment.
This incident also offers a few reminders for everyday participants:
1. Before using any strategy, check the contract permissions, audit reports, and team history. The higher the returns, the more important it is to check for risks first;
2. After an incident, read official announcements word for word. “Beginning compensation” and “completing compensation” are two entirely different milestones;
3. Be sure to diversify your positions. The security risk of a single protocol should not be borne by your entire principal.
The next 5 to 7 days will be a period to watch: whether the commitment is fulfilled on time and how effectively it is carried out will be the real test of this effort to rebuild trust.
#DeFi #区块链安全 #Altcoins
Why did the price weaken despite a clear repayment commitment?
First, “begin repaying” doesn’t mean “repay in full.” The compensation rate, source of funds, and pace of future payments are all still unknown. Faced with uncertainty, the market usually prices in risk first.
Second, security incidents damage trust. A funding shortfall can be made up over time, but rebuilding users’ trust in a protocol’s security takes much longer. The coin’s short-term price fluctuations reflect this wait-and-see sentiment.
This incident also offers a few reminders for everyday participants:
1. Before using any strategy, check the contract permissions, audit reports, and team history. The higher the returns, the more important it is to check for risks first;
2. After an incident, read official announcements word for word. “Beginning compensation” and “completing compensation” are two entirely different milestones;
3. Be sure to diversify your positions. The security risk of a single protocol should not be borne by your entire principal.
The next 5 to 7 days will be a period to watch: whether the commitment is fulfilled on time and how effectively it is carried out will be the real test of this effort to rebuild trust.
#DeFi #区块链安全 #Altcoins