Optimism got hit hard

[Anonylz]

Now I am confused, Optimism token that looks like a good one to hold for long term has been hacked and this caused a 20 million dollars tokens stolen, the more I plan to grab some.new projects the scary it keeps getting, I mean what's all these for a new project like Optimism .

Hackers are not planning to take a break either, the airdrop was just few days ago if am not mistaken and already got hacked with 20 million stolen! Can't believe how this hackers are determined to cause havoc. 20m is a huge amount which can affect the growth of the project or possibly render it useless if not handled properly. I hope the authority will be able to do something to catch the perpetrators, this is not a good news at all.  

[minhtra]

not looking good at all for chart https://www.coingecko.com/en/coins/optimism, the hackers are still holding large amount that can be sold

[passwordnow]

I didn't know that there was a hack that happened to this very new project.
Just for the reference ~ https://decrypt.co/102377/ethereum-layer-2-solution-optimism-loses-20-million-tokens-in-interlayer-snafu
Looking at this project made sure many people's interests were gone. The launch was actually good but it's like the usual market that it had to be dumped by most of its holders and airdrop holders.

Just like the other projects, they could lose their investor's trust and might ruin their reputation. No matter how they fix it or solve this matter, investors will doubt their credibility. Situations like this bring fear to investors to invest in new projects no matter how potential their coin is. Maybe that's the reason why most people focus only on potential top coins because new altcoins could crash or turn into a rug if the developers can't handle the project properly.

Yeah, the stain is already there even how hard they try to revert the situation and solve the problem. But if it's a different level of trust just like in Binance.
Everyone can remember the hacking incident that has happened to them but they've guaranteed users that funds are safu and they'll pay the damages and affected users.
If the same scenario comes to other projects even if they're not anticipating it and that's how they handle their issue just like binance, trust will remain to them.

[makishart]

This blockchain is still a young blockchain but the vulnerability already exploited by the hacker. I just wanna know whether the hacker will try to explore another vulnerability in the blockchain or not. it's possible to do another attack. The dev needs to do an audit as soon as possible to make sure there will be no vulnerability that has not yet discovered. Im sure that OP users are feeling bad with how weak the security of this blockchain.
This proves that even the new blockchain will not always become a reliable blockchain.

[legcramp]

Don't know why people buy anything but BTC. 

[so98nn]

Getting hacked just after launch is pretty fishy or may be pretty bad for the image of project itself. It proves they are not taking care of the safety and security of the data at all. I stated it could be fishy in the first place because these days any project owner would look after safety protocols while coding and it’s most basic stuff these days. Moreover, as discussed by others it also got its penalty from the market where everything is in bearish. But I would consider that as secondary reason frist one looks like unserious project owner.

[Wexnident]

That's why if you're ever going to invest on a  shitcoin altcoin, then I suggest shorting it instead of expecting any long term investment. They aren't just suited for holding unlike Bitcoin, and the majority of them are either shitcoins, shitcoins, scams, or shitcoins. If you're looking for a long term investment, stop looking for new projects, just buy Bitcoin and you'd be rather happy with leaving the problem of looking and studying new projects.

[CryptoATM]

It doesn't make any sense if such project don't get any issue at an early stage like right now, the only thing that new projects are doing wrong is not trying to hack their network when they feel that the project is ready, new projects should always put out a back bounty on their blockchain just to know how strong it is... Till this day only few projects do this.

[Coyster]

Don't know why people buy anything but BTC. 

More often than not, the reason is for quick/fast profits, Bitcoin is a long term project and as such quite a lot of investors do not have the patience to wait for the long period, so they go after altcoins (short term projects). I am pretty sure 9/10 of investors that invest in altcoins are well aware of the risk involved, but they still go ahead with it cause of the chances of a short pump were they could make ROI. The thing is this, even if anyone must invest in altcoins, make sure you have no intention of holding it for long, if you are lucky to buy at the right time when the coin is just about to pump, sell once you get your ROI and leave the project, most of them have no utility, so they are not sustainable for the long period.

[andyou1234]

not looking good at all for chart https://www.coingecko.com/en/coins/optimism, the hackers are still holding large amount that can be sold

yes you are right, and this token is not at all good to invest in the long term because the optimism token is still held by hackers so it has a very high risk, you should ignore this token so you don't get trapped in it,

[el kaka22]

There will always be some that will try to scam customers, and there will be some that will pay. There is no denying that this happens in all parts of the market, it could be put into anything. Like there will be some casinos which are legit, and some that will scam you, or you could go with some exchanges that are legit and some exchanges will "exit scam" people.

We could say plenty of versions of this and bounty is no different at all. I could have gotten paid a lot more if I went with a bounty for example instead of a regular btc paid place, and yet I didn't, why? Because of the unpaid risk, if someone tells you 100% guaranteed 50+ dollars vs no so guaranteed and risky 100 bucks, you go with the 50+ one for sure.

[zasad@]

https://cryptopotato.com/optimism-hacker-promises-to-return-18m-op-tokens-sends-another-1m-to-buterin/
Optimism Hacker Promises to Return 18M OP Tokens, Sends Another 1M to Buterin
The anonymous hacker who stole 20M OP tokens has sent another 1M to Vitalik Buterin and made a reassuring promise to Optimism.
Hamsters sold out in a panic, the circus ended.

[globalpain]

Now I am confused, Optimism token that looks like a good one to hold for long term has been hacked and this caused a 20 million dollars tokens stolen, the more I plan to grab some.new projects the scary it keeps getting, I mean what's all these for a new project like Optimism .

don't be surprised to hear this news, the new token has been branded as a high risk project,
whether it's a good fundamental or not, because of course you have to pass some time to get a good project stamp,
be careful to buy tokens or coins from the project new, of course you have to keep that in mind

[ItsCrafty]

Now I am confused, Optimism token that looks like a good one to hold for long term has been hacked and this caused a 20 million dollars tokens stolen, the more I plan to grab some.new projects the scary it keeps getting, I mean what's all these for a new project like Optimism .

Project is very good and providing layer 2 technology but this hacked was very strange. Good news is that Hackers return 17 million token and price is now recovering. Hacking is worst part in crypto and many big projects lose their value after being hacked

[5W-KILO]

Optimism is a Layer 2 option and its doing quite well before the exploit was hatched. I think and know it would be fine as long as they do what they know properly

The hacker is able to deploy the multisig to L2 with different initialization parameters. I guess he is one of an insider development and tries to get all fund without residue. or maybe dump the price to buyback again.

Is there any projects that can be trusted in the crypto space again apart from BTC? I guess not, this won't stop me from investing in new projects but I will only look for opportunities and sell my gains for BTC, all these new projects are so messed up right out of the box.

[Grim149x]

Now I am confused, Optimism token that looks like a good one to hold for long term has been hacked and this caused a 20 million dollars tokens stolen, the more I plan to grab some.new projects the scary it keeps getting, I mean what's all these for a new project like Optimism .

ithink opti is not good to hold right now 1 reason beacuse of not good condition of market its looks like bear market btc is continue falling . May be soon buy opti in the last atl and hold it.

[zasad@]

https://decrypt.co/102541/optimism-hacker-returns-17-million-tokens-airdrop
"Optimism Hacker Returns 17 Million Tokens After Airdrop Blunder
Seventeen million tokens were returned, 1M sent to Vitalik Buterin is "being recovered." The rest? Bounty for the hacker, says Optimism Foundation.
Etherscan data shows the OP was sent back in 17 separate 1-million token transactions starting around 8 a.m. ET on Friday. The hacker exchanged 1 million OP for ETH, sent another 1 milion to Ethereum co-founder Vitalik Buterin and still has 1 million OP in their wallet.

In a Twitter thread, the Optimism Foundation called the 2 million OP that hasn't been returned "a bounty," and that it was in the process of recovering the 1 million OP that had been sent to Buterin."
https://optimistic.etherscan.io/token/0x4200000000000000000000000000000000000042?a=0x4f3a120e72c76c22ae802d129f599bfdbc31cb81

$2 million won't bankrupt the Optimism Foundation.

[Hypnosis00]

Now I am confused, Optimism token that looks like a good one to hold for long term has been hacked and this caused a 20 million dollars tokens stolen, the more I plan to grab some.new projects the scary it keeps getting, I mean what's all these for a new project like Optimism .

It looks like you have been fooled with sweet promises and good-looking projects that somehow, end up failing.
From the word itself "Optimism" is found to be just a joke project and manipulated market price. Not a usual thing happens in crypto, they are more projects the same as this. We can't predict what projects may be able to survive especially in these new projects.

This will somehow destroy the trust of the people in crypto and the more the Government thinks negatively because of many negative reports and exit scam issues.

[Wildwest]

Every new project is not all safe for us to invest in, as happened to this one project whose design of the project is so good that there are people who want to hack and this is certainly very terrible for those of us who are always hunting in new projects, and I am sure that not all new projects will be targeted by hackers and only some projects that cannot implement good security so that they can do it hacking easily, and the project team did make a fatal mistake so that hacking could happen.

[Victorik]

I am pretty much surprised as to how this kind of shit can happen to a project with so much potential.
But, such incidence should have been foreseen and taken into account when designing and deploying the contract.
It really is a very sad incident.