People might accuse me of grave dancing for saying it
But we have to stop letting centralized things call themselves DeFi
Admin key can drain all funds? CeFi
Otherwise DeFi means nothing and it’s brand is destroyed
No admin key can drain any version of Uniswap for a reason

2/ The protocol's signer key had full control over:
- market creation
- Oracle assignment
- withdrawal limits
There was no time lock, no multisig, and no delays.
The attacker created the CVT token, maxxed risk params, manipulated the oracle, and drained $213 in 10 seconds.

Omer Goldberg

Twitter

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