@noon_capital Instead, it:
Splits responsibilities into separate roles (mint, treasury, admin)
• Uses multisig approvals for sensitive actions (no single person can act alone)
• Adds extra steps for critical changes (like ownership transfers)
• Builds in fail-safes and response systems
This is where @noon_capital stands out
Noon capital doesn't rely on a single point of control
And It's designed so that one compromised key can't break the whole system
So breach in one control doesn't mean everything gone
Thats what happened with Resolve lab
The protocol has a manager (a backend private key)
The system trusted the key 100%
A hacker got the key
So instead a minting small amount He minted million of fake stable coins
And swap for real money
On a normal day
You deposit $100k
• Manager signs a paper: "give him $100k worth"
• Bank prints $100k
•Everything is balanced
Now imagine when a threat actor steals the manager signature stamp
And write, give me $100M
Bank deposit without check cause they trust the sign
If you're still confused about what really happen
Now imagine this
A man walked into a bank
And the rule of the bank is
"If you show a signed paper from the manager, we'll print money for you.
Very simple and trustworthy you'd say
Trust is built based on manager signatur
You've probably heard about the @ResolvLabs exploit and everything sound technical to you
The latest scam of the moment
More than $25M lost to an attacker
And the $USR stable coin value gone
I'd break down what happen bit by bit
And and why $NOON stand out
A thread 🧵
Everyone talks about making money in the web3 space
But nobody talks about building a sustainable career that profitable even in the bear market
Topic: Building a successful career in the Web3 space (why and how)
Join us tonight as we break down
• How to build a career that last
• Why you should build one
• What you can do different
🔬Host: @Johnj_amine
🎧Co host : @Chrissizu
🎧Co host :
🗣 Guest speakers
@iamdavidd_2@dexterofweb3@Letts_W
March 18
Venue : X (twitter)
🕙 Time : 8pm WAT
Do well to set your reminders👇