In the wake of recent events surrounding FTX/Alameda, this page will provide frequent updates to the community.
Our main focus remains supporting builders and users who were affected.
https://t.co/WCuXY7jMv9
The "centralized anything is evil by default, use defi and self-custody" ethos did very well this week, but remember that it too has risks: bugs in smart contract code.
Important to guard against it:
* Keep code simple
* Audits, formal verification, etc
* Defense in depth
JUST IN: FTX paused all the withdrawals ๐
#FTX users have no control of their balance
This would never happen in #DeFi
We believe in decentralized finance @TaebitDEX