bZx Hack: Blockchain Security Firm Litecoin’s Charlie Lee Weigh In

bZx Hack: Blockchain Security Firm Litecoin's Charlie Lee Weigh In 1

bZx Hack: Blockchain Security Firm, Litecoin’s Charlie Lee Weigh In
bZx Hack: Blockchain Security Firm Litecoin's Charlie Lee Weigh In 2

Litecoin’s Charlie Lee Weighs In

Litecoin creator, Charlie Lee, upon hearing about the exploits, said it was one of the reasons he never trust DeFi. Claiming DeFi is not decentralized, Charlie Lee said most DeFi can be shut down by a centralized party and hacks on cannot be undo or exploited unless more centralization is added. He said: “This is why I don’t believe in DeFi. It’s the worst of both worlds. Most DeFi can be shut down by a centralized party, so it’s just decentralization theatre. And yet no one can undo a hack or exploit unless we add more centralization. So how is this better than what we have now?”

Article Produced By
Olayode Yusuff

https://newslogical.com/bzx-hack-blockchain-security-firm-litecoins-charlie-lee-weigh-in/

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