Ampl just blacklisted the hacker wallet

yeah i see you, fair enough mate

Ampl has nothing to do with defi, it's just an old ponzi that pumped recently.
Every token is different and both full centralization and full decentralization is possible.
ampl contract is a fully upgradeable proxy, they can do everything.

I'd buy in hard on AMPL at $0.10.

wtf how is this possible?

Hacker can just send it to different eth address and exchange after.
What's the point of blacklisting a single address?

I see it's in the transfer function lol

This is funny imagine forking ETH after every hack.

DAO hack created ETC already, but imagine forking BTC with all the hacks and everything what happened on the chain.

Not sure why coin developers need to trying to save investors.

First of all the issue is the centralised exchanges and that the users inability to transfer out from exchanges.

Nothing to do with the coin long term.

Unless it's a for a short PR image and aome retweets.

>Devs still have total control over your funds
it's a good thing in security to blacklist addresses that stole funds.

Maybe in the future we can do a thing like:

''if you return the funds you stole you gonna keep a % of that'' so hacks will be less atrocious

>ampl contract is a fully upgradeable proxy
what does this mean?

It means they can change or add any new functionality to the contract easily.

Defi is contracts, and contracts themselves aren't necessarily decentralized.
They're meant to be customizable to become whatever the contract operator wants them to be.

at the admin's discretion (admin = team in this case), the contract can be edited at any time, for any reason whatsoever

It's an exchange where you put money in and then pajeet runs off with it.

Based. Dfohub rules.

Was the KuCoin hack just done to expose how much of a joke crypto really is?
The hacker could have already dumped the money.

they cant call it defi and do shit like this

not all of DeFi is equal. Read the contracts (I know this may be hard for the average biztard, but it will help you brainlets to not invest in centralized / ruggable schemes that market themselves with the DeFi buzzwords)

Stupid fuck. Smart money would have bought coins cheap. Then KuCoin would have been forced to buy to cover their outstanding owed.

What do I look for when looking at the code? I’m not exactly sure what these functions do so when I digg I just see shit that I can’t understand

You have to either learn programming or rely on others

Any project that would do this is a scam. They don't care about the investors, they just don't want someone else to be able to dump on the market before them

Ample cash out at the top when they could see it through their analytics. This whole space is just the same devs pumping and dumping on people. The next craze devs push will be nft. They will use twitter fags like chainlink god to disperse hype

7 Quintuplets of truth.

yes. I missed out and it would have been a great opportunity to swoop in and buy for cheapies.

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