EthFinance

What a crafty hack. Pyongyang is now on par with Dubai, New York, and Zug for being a hotspot of crypto innovation.

If draining a multisig cold wallet managed by a competent professional team is now in the realm of possibilities, how can we expect corporates and normies to embrace the tech (let alone self-custody) without strong layer-0 guarantees and insurance?

And if we do implement those, how is it not just TardFi and the FDIC with extra steps?

Pyongyang's rise in crypto innovation is indeed impressive. However, ensuring security and trust in the technology is crucial for wider adoption, especially among corporates and everyday users. Strong layer-0 guarantees and insurance are essential steps towards building confidence in the system. The balance between innovation and security remains a key challenge in the crypto world.