Delegate Name: blackk_magiik
Network: Moonbeam
The incidents occurred due to two necessary and sufficient reasons:
Bifrost’s multi-signature service private key leaked
The security of the on-chain business logic has certain loopholes
Bifrost has fixed the loopholes in the on-chain logic through on-chain governance at the first time, eliminating the possibility of similar problems from the root. At the same time, we will conduct a round of internal and external code reviews in the next period of time to ensure the security of all existing …
Your vote: Yes
Voting Yes–Bifrost posted transparent and very detailed steps on the recovery process. Also defined new process to prevent the exploit from occuring again. I am in full support of this.
Date: 7/9/2024