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#smartcontract

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Karl Voit :emacs: :orgmode:

If you're still a fan of a #cryptocurrency because their #smartcontract is protected by the #blockchain, I do have bad news:

Smart contracts can be modified any time by the company that runs it and - even more devastating for this argument - a judge is able to force them to do so: blockworksresearch.com/researc

I don't know what needs to happen so that people quit promoting this #scam.

Blockworks ResearchJump Executes Counter Exploit Against Wormhole Exploiter | Blockworks ResearchJump Crypto has seemingly recovered 120.69k wstETH and 3.21k rETH ($225M of assets) from the infamous Wormhole Exploit that occurred one year ago. A recovery group, what appears to be Jump Crypto and Oasis,  “counter exploited” an upgradable proxy contract on the Oasis protocol, securing the stolen funds and transferring them to a fresh wallet. Jump nor Oasis have publicly confirmed this. The Wormhole Exploiter (the Exploiter) has continuously shuffled the stolen funds through various dapps on
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Metasecurity Solutions

4 Ways that Smart Contracts can be used to enhance cybersecurity:

- Securely store and verify identity information, such as biometric data, making it more difficult for hackers to steal or misuse personal information.
 
- Encrypt and decrypt data, and to control access to sensitive information, making it more difficult for hackers to intercept and steal data.
 
-  Incident response. They can be programmed to automatically trigger certain actions in case of a security incident, such as shutting down access to a network or freezing funds.
 
- Automate compliance with industry regulations and standards, such as HIPAA or PCI-DSS, by providing a tamper-proof way to record and verify compliance.

#cybersecurity#smartcontract
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