Harvest Finance loses 34 million due to bug/hack

[tbterryboy]

This is why I like the idea of companies hiring white hat hackers to test their systems, this process will help them to always identify problems or bugs that they are having, but some of them wouldn’t do that, instead they will be taking unnecessary risks that will eventually lead to them being hacked and losing lots of millions of dollars and they will start calling out bounties lol.

Prevention is always better than cure, but they never know this until their systems are hacked, because they think that they are wiser and brilliant, which is very wrong.

[CuriousGeorge]

another bad news come to crypto space,
and i think this news cause the red colour in crypto market now

That will not bring a bad name for crypto but it will do that for the name of defi. Remember about defi's reputation being ruined by the scammers and hackers. So many times the defi platforms were doing the rug pull and running away with all of money. In another case, there's also the hacked case that is happening right now.
The reputation of defi already destroyed. There's no way to recover it again.
This could be the end of defi itself.

[FairUser]

another bad news come to crypto space,
and i think this news cause the red colour in crypto market now

That will not bring a bad name for crypto but it will do that for the name of defi. Remember about defi's reputation being ruined by the scammers and hackers. So many times the defi platforms were doing the rug pull and running away with all of money. In another case, there's also the hacked case that is happening right now.
The reputation of defi already destroyed. There's no way to recover it again.
This could be the end of defi itself.

This is a big mistake for DeFi that I see from the market I see in 2020. Obviously 2020, DeFi is bringing things up to the market, but through this attack the market is still standing. firm and has a bit of a slump, but I don't think it was the news from the attack.

So I think it is time we move aggressively to protect assets against outside attacks, this year we have received a lot of news related to hacker attack blockchain.

[Boov]

another bad news come to crypto space,
and i think this news cause the red colour in crypto market now

That will not bring a bad name for crypto but it will do that for the name of defi. Remember about defi's reputation being ruined by the scammers and hackers. So many times the defi platforms were doing the rug pull and running away with all of money. In another case, there's also the hacked case that is happening right now.
The reputation of defi already destroyed. There's no way to recover it again.
This could be the end of defi itself.

What was really happened in DeFi project was its sole problem that they should shoulder on but the mere fact that this lose may affect the crypto market values were inevitable. That's why as an investors and traders we should not always lean on the security of the project but instead we should be watchful too. From this incident i only realized one thing and that was never to invest in one kind of crypto. If i can be able to scatter my investment, then i'll do it for sure.

[Francis Freeman]

another bad news come to crypto space,
and i think this news cause the red colour in crypto market now

That will not bring a bad name for crypto but it will do that for the name of defi. Remember about defi's reputation being ruined by the scammers and hackers. So many times the defi platforms were doing the rug pull and running away with all of money. In another case, there's also the hacked case that is happening right now.
The reputation of defi already destroyed. There's no way to recover it again.
This could be the end of defi itself.

While scammers and hackers will bring dear to the people who are trying to understand Defi , these sort of bugs which costs millions of dollars to disappear are the biggest fear for any retail investor or common man trying to get into Defi or its widespread adoption .

[Greatchu]

By following the rules of crypto investment you will still be fine, if you invest only what you can afford to lose then you've already prepared for any outcomes, I feel sorry for the investors but such things will always happen at one point in time, crypto is full of risks in every corner

[Daras]

News like this indicate a red flag which means security must be revisit against all this hacking that are rampaging, and people need to know there investment is safe in order to have more confidence in the project similar to this.