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How could have Harmony ONE avoided this catastrophic hack other than a bug bounty program. Hacks have been happening left and right, when is security going to be a concern to these projects?

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by COINS NEWS 153 Views

The recent optimism hacker stole 20 million tokens and now it's safe to say that due to this recent hack, Harmony ONE is Harmony done. This is frustrating when you know this could have been avoided. Harmony's last security audit was in 2020. The security world moves quick and two years literally doesn't mean shit. If you're not constantly on your shit, you will get compromised sooner or later.

The bridge effectively dug it's own grave by not staying on top of it as far as security is concerned. It quite frankly drives me crazy to see so many projects not taking this shit seriously. ESPECIALLY when there are millions of dollars involved. You're going to risk hundreds of millions and the entire integrity of your project by not dropping cash on bug bounty rewards or security audits? Cut corners if you want to but cutting this corner can be a death sentence.

I understand that we're still early and things like this are bound to happen but measures could have been taken, the bare minimum a bug bounty program can be implemented. Using Polygon as an example, their bug bounty program has caught multiple hacks that could have been catastrophic. This is being pro-active, unfortunately people don't think about buying a screen protector until they drop their phone. You can afford to fork up $1 million in rewards for a critical bug that can cost you over $100 million.

If you aren't on-top of your security game, If you don't have a bug bounty program and if you aren't getting regular professional vulnerability testing then I don't think you're a project or network anyone should invest in. Stay safe out there boys, Don't just tunnel into charts and tokenomics. Look at security.

submitted by /u/Either-Advantage
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