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0 sats \ 2 replies \ @supertestnet 10 Jan 2024 outlawed \ parent \ on: What is fedimint to you? ecash

Oh yeah and if anyone thinks "a court could never force a multisig's members to take user funds" check out this headline:

UK Court Ordered Oasis to Exploit Own Security Flaw to Recover 120k wETH Stolen in Wormhole Hack source

This court-ordered confiscation was enforced by the app's admin multisig. Coming soon to a fedimint near you!

0 sats \ 1 reply \ @TonyGiorgio OP 10 Jan 2024

A court ordered a single entity to hack a smart contact. Not related in any way but keep fishing.

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0 sats \ 0 replies \ @supertestnet 10 Jan 2024 freebie
A court ordered a single entity group to hack use their multisig's admin access to a smart contract to confiscate user funds

FTFY

(Well, ok, your version is correct too. But so is mine.)

Not related in any way but keep fishing

I think it's very related because if a government can order the members of the Oasis multisig to do this they can order the members of your favorite fedimint's multisig to do it too

The difference between the two is small imo: in a fedimint, the fact that a multisig can access user funds is a feature, not a bug -- it's the only way they can process withdrawals. Oasis's multisig supposedly only had access to user funds due to a "bug," but they knew about this "bug" a month in advance without fixing it, so was it really a bug?