@MorganStoneee Getting rid of wallet connection for off-chain utility or benefits, different auth method.
Primarily to reduce the security risk of connecting wallets with high value asset
on how to remedy the situation.
Our conclusion is we need to build a more robust space overall that has less vulnerabilities to hacks in the first place, since there are currently good solutions on damage control after the fact.
#NFTs#Web3#hacks#scams#NFTCommuntiy
After Uber's network breach, I thought I would highlight some big differences of how hacks affect #Web3 vs #Web2
1) Typically the stolen data in a Web2 breach is user info. While this can be serious it typically just means the users now can be phished through other mediums.
contract. This can be particularly murky when the hack doesn't even happen on the company's site but on a fake site put in front of the users.
So to recap: in Web3 the holders typically stolen from, its not retrievable, and the companies have little responsibility (or clarity)