Adam backBlockstream co -founder, has criticized Ethereum’s
Eth
$ 2,550.90
Following the hack, back Ax took February 22 to describe technology as “Complex, fragile and blindly signed”.
“Another day, another Evm contract trick,” he wrote in another publicationadding that billions have been lost over the years due to these problems.
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Back believes these security failures Confidence in cryptographic industryincluding Bitcoin
BTC
$ 92,954.59
He He said in a February 24 publication in X“People are a misunderstanding criticism of the repeated hacks of EVM, the last and the largest and largest bybit $ 1.4 billion missing the point: EVM can go to zeroNobody cares. The problem is the EVM The dump fire hurts the credibility of the ecosystemthat unfairly bleeds Bitcoin. “
However, not everyone agrees with this point of view. Some argue that Bybit’s trick was Not caused by EVM failures, but by bad security measuresespecially in the management of multiple signature wallets. They point out that Strong operational security can avoid such violationsregardless of the underlying technology.
The back responded that the Ethereum transactions verification process is fundamentally defective. He explained Hardware wallets are supposed to confirm the details of the transaction on the screen before approvalBut EVM’s complexity makes it difficult.
He also pointed out that in BybitCase, The addresses did not appear on hardware wallet screensthat made the verification almost impossible.
Meanwhile, Elliptical reported on the process used by the Lázaro Group, hackers behind the Bybit Hack, to cover their clues. As? Read the full story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
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