7 ms·
They were holding $17m in funds and only paid 2 unnamed security auditors? Yes, getting a proper audit for a Defi Protocol is expensive (probably 8 person week
by yobananaboy 4y ago
They were holding $17m in funds and only paid 2 unnamed security auditors?
Yes, getting a proper audit for a Defi Protocol is expensive (probably 8 person weeks at $20-30k/week or ~$200k), and every good audit firm has a 3-6 month waiting period. But when you’ve got 100x that to lose, it’s a drop in the bucket.