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The Verge Hack, Explained

Source: blog.theabacus.io

Daniel Goldman:

Exactly how the largest protocol-level hack of a cryptocurrency in recent memory could preceed said cryptocurrency increasing in price and then announcing a partnership with the most trafficked porn-site on the internet is a question I’m forced to leave open-ended; my personal pet-theory is that it has something to do with the fact that the world makes no sense and human beings are all completely out of their goddamn minds.

A really well written and easy to follow explanation of how exactly the verge hack happened. Aside from the above, completely bonkers, observation I found this to be a good takeaway:

That software doesn’t always work the way we want it to, and that such malfunctions can lead to the loss of funds, shouldn’t be particularly shocking to anyone in 2018. But when that software is, in fact, money, it’s worth an extra layer of precaution.

I suppose, at this point, that probably isn’t something we should need to be said…