1min chapter

Good Game cover image

Is DeFi Ready for Mainstream Adoption? | EP 20

Good Game

CHAPTER

The Mango Hack and the Cascade of Protocols

I feel like another reason why we haven't really paid attention as an industry to these security loopholes is that there has been so many hacks, but there has not been enough hacks for us to care about things enough. There's an example that happened in synthetics. It actually happened to us. The cascade of the whole protocol was insolvent basically because of one account that had whatever it was at that time, probably $11 billion or something like that.

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