Rekt - Cutting Corners
AI summary of the linked articleCrypto protocols that skimp on security bounties and audits are losing large sums to exploits that better-funded programs would likely have caught, according to this REKT piece. It cites SuperRare's $730,000 hack, which involved a basic access control bug, and Cork Protocol's $12 million exploit on May 28, 2025, despite a public bounty capped at $100,000. Immunefi CEO Mitchell Amador argues that bounties should be about 10% of funds at risk, a standard the article says platforms are not meeting. The article contrasts this with LayerZero's $15 million bounty program and Euler Finance's $7.5 million program. |
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2 comments  Reads a bit as if ChatGPT wrote it. But it‘s an interesting take on security. I actually didn‘t know that this much money is being stolen. You only ever hear of the big hacks  thatalexpalmer.ethSubmitter Most writing these days has some GPT in it, unfortunately. But also yeah, I had the same thought. Even more interesting, the fact that over 30k upgraded contacts were found to have vulnerabilities is news to me. Also kinda wild |