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Solana's #Drift was hacked in the early morning, losing 280 million, directly dealing a heavy blow to the Solana ecosystem.
You can't even sell that much just by dumping coins. What's the point of security agencies auditing the contracts?
Security agencies point to the administrator's multi-signature private key leak/control— isn't that DeFi? What kind of DeFi is that?
After the hacker steals the funds, they immediately buy ETH. Even voting with their feet, they still think Sol is unsafe.
DeFi is just protocols earning transaction fees; hackers siphon funds, and retail investors end up paying the bill?