Jesse Powell on Twitter: "@niraj Great thing about open source is that untrusting people can review it to make sure it does what it says. Competitors forking sucks but worst thing about open source financial products is that they come with the world's largest, guaranteed, instant, anonymously paid bug bounties." / Twitter

Now two crazy DeFi exploits in the past 24 hours, both ERC-777 related. This trend will continue to accelerate (just like it did with centralized exchanges) – any team shipping code *must* invest heavily in economic and security audits.

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Spencer Noon

@spencernoon

· Apr 19, 2020

BREAKING: lending protocol @dForcenet exploited, AUM drops from $25M to $19K in a matter of hours Should we really be surprised? Although not directly related, the company is widely thought to have copied @compoundfinance’s code h/t @defipulse @TheBlock__ @defiprime

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