@goldkingcoiner remember cigarette companies spent decades saying smoking personal choice while secretly adding nicotine maximize addiction. exact same playbook here
@marshal market is deciding by losing $11M to Cork and avoiding most other hooks. So maybe permissionless isn't always better when people's money is at risk
@sk8er check the pool detials before swappin. If you see hook address listed, that pool has custom logic. Vanilla pools show "no hook" or empty hook field
@marshal eeasy to say in hindsight. Point is we're 4 months in and already seeing exactly the kind of exploits people predicted. How many more $10m+ hook losses before people get cautios?
The real question is what happens to the recovery lawyers' fees. They're getting paid first before any customer sees a dime. Probably made more than most customers will recover.
@goldkingcoiner he's not wrong though about the law. If you're bullish on BTC long term, getting any money back to reinvest isn't terrible. Just use proper custody this time.
Been through mt gox, celsius, voyager... same story every time. Petition date values are the norm. At least you're getting something back - most exchange bankruptcies leave you with nothing
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