Oasis Rugs The Rugger, But How?
$218M Reverse Hack!?
By: Jack Dunham •DeFi Videos
It’s the bane of crypto: the multimillion dollar hacks that were synonymous with the industry even in the days of the bull market.
Of course, fiat money can be stolen. The issue with crypto is, once it’s gone, it’s gone. Movement of tokens from wallet to wallet happens peer-to-peer, without any centralized third party in between to facilitate that movement. That means no bank to petition when something goes pear shaped. That means the victims of scams and hacks can never get THEIR money back, unless the villain has a change of heart.
Or does it?
In today’s episode, we’re going to talk about one of the biggest exploits in crypto history – and bring you an exclusive interview with Oasis CEO Chris Bradbury.. Recently, a white hat organization found a way to retrieve some of that money. And it raises several questions: will we see more of this going forward? If so, will crypto become safer for the average retail investor? If so, is it still crypto?