2025-12-28 02:24:13

Today, let's discuss a bizarre incident and take the opportunity to talk about why project security is so important.

Have you heard? A major public blockchain experienced an issue. The core wallet of a well-known project was "hacked," and 29 million tokens disappeared instantly. The hacker quickly sold off 16 million, almost draining the liquidity pool, causing the token price to plummet by half. But here's the interesting part—the remaining 13 million tokens haven't moved. Why? It's simple—the liquidity is gone, and there's no way to sell.

Even more outrageous: the project team directly paused the entire chain. You read that right—one click to shut down, just like turning off a computer.

Is this really a hacker attack? Thinking about it, it's quite frightening. If it were an external intrusion, why wouldn't the hacker choose a time when liquidity was higher? More importantly—how can a supposedly decentralized public chain be quickly "paused" by the team with a single click? Chain halts of this nuclear-level scale—who are they really protecting?

This entire operation exposes how fragile many projects are in terms of asset security and protocol design. Truly robust financial protocols shouldn't have centralized switches that can be turned off, nor should they concentrate user assets at single points of risk.

Look at more comprehensive industry practices: multi-signature governance, on-chain real-time alerts, liquidity stress testing, and even assuming team private keys are stolen—systems that can prevent assets from being drained all at once through distributed emergency mechanisms. Because real security isn't just about feature configurations; it must be thoughtfully designed from the ground up.

Every "hacker incident" reveals the true nature of a project. When the tide goes out, you can see who’s swimming naked and who has already built a dam for protection.

The bottom line of finance should be transparency and resilience, not game rules that can be "shut down" at any moment. Only protocols that can withstand such tests are worthy of long-term user trust.

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Token_Sherpa

· 4h ago

ngl this "pause the whole chain" thing is basically admitting the decentralization was theater all along. and people still wonder why we have velocity traps everywhere.

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GlueGuy

· 15h ago

Wait, one-click pause the entire chain? That operation is really outrageous. --- How come hackers are so considerate, leaving a scapegoat opportunity for the project team? --- So, the underlying design is the real thing; flashy features are all虚假的. --- That's why I only deal with multi-signature protocols; I feel more at ease when sleeping. --- Now there are still people who believe that one-click pause is for protecting users, haha. --- Only after the tide recedes do you see clearly; this phrase is brilliant, I need to copy it to my comment section. --- The liquidity pools are gone, yet there are still 13 million tokens unsold; these details really reveal something. --- Beneath the guise of decentralization hides the most centralized switch, it's ironic. --- Every time such incidents happen, I am grateful I got out early. --- True security is a matter of system design, not the team's conscience; this point is spot on.

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GameFiCritic

· 15h ago

Pause the entire chain with one click? Isn't that just stripping away the decentralization? A centralized switch like this is even riskier than a single-point wallet.

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YieldChaser

· 15h ago

One-click shutdown? Isn't this just centralized systems with a different disguise, hilarious Why don't hackers sell more? Because they're not really hackers, this script is too bad Who is chain stop protection for? Definitely not retail investors, we're still inside Another "decentralized" lie, I would be surprised if I believe you Real secure projects have long implemented multi-signature, these amateur designs should be eliminated Everyone, see clearly, when the tide goes out, it's these project teams that are left exposed

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TokenomicsPolice

· 15h ago

One-click pause? Isn't this just centralized systems putting on a different disguise? How dare they call for decentralization. --- A typical project team self-rescue move, draining the pool and conveniently blaming the "hacker." --- The stop-chain move is brilliant, really treating users like fools. --- Why is it always such a magical scene? They don't even want to do basic multi-signature governance. --- 290 million tokens just gone, I just want to know what those investors are thinking now. --- Claiming to be a financial-grade protocol, but so fragile—it's better to just send it directly to the wallet. --- Why don't hackers choose times with sufficient liquidity? This detail really exposes the flaw. --- Every time there's an incident, they just shut down with one click. The protocol design itself is a joke. --- It seems necessary to distinguish who has truly implemented protections and who is just playing with concepts. --- This operation clearly defines what true decentralization is.

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DefiOldTrickster

· 16h ago

Pause the entire chain with one click? That's not security, it's a joke. I've always said that a centralized switch is just a ticking time bomb.

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