They never explain in depth what happened, so the attack

Question

MultiversX - Community

HPRT

They never explain in depth what happened, so the attack

was directed at the API of the Elrond network ??

#blockchain #cryptocurrency #elrond #english

0

07.06.2022

11 ответов

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HPRT Автор вопроса

Classic
using invisible transactions (exploit 1) they expl...

And in all this why the API is affected ??

0

07.06.2022

Classic

HPRT
And in all this why the API is affected ??

The OFFICIAL API from Elrond themselves was taken offline by Elrond Foundation to make it much more difficult for the hacker to move funds though the bridge in the meantime they froze the USDC and WEGLD of the attacker They still left the API and many smart contracts offline/paused. For example the DEX, because many Liquidity pools and prices were affected by this

0

07.06.2022

HPRT Автор вопроса

Classic
The OFFICIAL API from Elrond themselves was taken ...

Question: and freezing the funds is not in a certain way Elrond a centralized network where transactions can also be reversed and these things ??

0

07.06.2022

The Line

HPRT
Question: and freezing the funds is not in a cert...

Only wegld or usdc not EGLD

0

07.06.2022

Classic

HPRT
Question: and freezing the funds is not in a cert...

Freezing the TOKENS (not coins) is possible because tokens are smart contracts coins cannot and can never be frozen as they are native to a blockchain

0

07.06.2022

Ovidiu Badita

I would be concerned if that is the case. It would mean that the transactions are not immutable and final and whatever we have in our wallet can be lost by someone making changes at protocol level. It may be good for solving this problem, but it opens up many more problems on top of it. I would not want to have my tokens frozen for any reason.

0

07.06.2022

Classic

Ovidiu Badita
I would be concerned if that is the case. It would...

Incorrect. Let me write a longer answe

0

07.06.2022

Classic

Ovidiu Badita
I would be concerned if that is the case. It would...

Transactions ARE final and mutable. EGLD in your wallet can never be lost or stolen or anything like that (except of course you loose your seed phrase or interact with malicious smart contracts) TOKENS are smart contracts. Smart contracts are CODE. You can do anything with code, including blocklisting wallets (freezing). This is a solely optional feature that not all Tokens use All official Tokens like WEGLD UTK and USDC can use this freezing feature (because Elrond decided to enable it for later usage if needed) Many community tokens do not use this though. any blockchain and any token on any blockchain could have this feature if they wanted to

0

07.06.2022

The Line

Ovidiu Badita
I would be concerned if that is the case. It would...

No because validators must accept and agree with protocol changes..

0

07.06.2022

The Line

The Line
No because validators must accept and agree with p...

We (the blockchain) are protected 1 by the Elrond team and 2 by the validators

0

07.06.2022