Did you all see that incident on-chain yesterday? A seasoned player lost 50 million USDT directly to a hacker's Wallet due to a slip when copying the Address. I was stunned when I saw the transaction record—this guy clearly first transferred 50U to test the waters, but during the large transfer, he ended up pasting the fake Address that the hacker had long "set up". One careless mistake, and an eight-digit asset was wiped out in an instant.



The most magical part of this incident is not how advanced the hacker's technology is, but the harsh reality it exposes: people will always make mistakes. No matter how rich or experienced a large trader is, they are completely defenseless against this "slip risk." A regular retail investor feels pained for a year after losing a few hundred USDT, while they lost 50 million simply because they didn't use a multi-signature wallet.

This lesson has given me a new understanding of the security of crypto assets. A truly reliable security solution cannot solely rely on the four words "caution and prudence"; it must also depend on institutional safeguards. Just like some projects that create interest-bearing stablecoins, their design philosophy is worth exploring — the collateral assets for each coin are verifiable on-chain, and the rules are entirely executed by code rather than human manipulation. This transparent and verifiable architecture fundamentally reduces the cost of operational errors.

Just think about it, the essence of true asset security is to make mistakes both expensive and difficult. In such an ecosystem, whether it's exchange, earning interest, or transferring, there are clear verification paths. While it may not completely eliminate slip-ups, at least it allows the system itself to intercept those fatal mistakes. This is what next-generation secure assets should look like.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
DegenWhisperervip
· 5h ago
50 million is gone just because of not using multi-signature? This guy is too reckless, a common flaw among wealthy people.
View OriginalReply0
nft_widowvip
· 5h ago
This guy is really something, 50 million just disappeared like that... and still didn't use multi-signature, how confident must he be?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)