Too many projects have neglected real-time threat monitoring and auditing.
There’s also the fact that even implementing such tokens would be a logistical nightmare. Unless every single platform shifted over to the new standard, then there would be huge gaps in the system, meaning that thieves could simply quickly swap their reversible assets for non-reversible ones and avoid the repercussions entirely. This would render the entire asset completely pointless, and more than likely users would simply not engage with it.
arise from exploits present in the underlying smart contracts. Comprehensive and independent security audits can help to find where potential problems exist before these protocols are released. Furthermore, it’s important to try to understand how multiple contracts will interact together when they go live, as some issues only arise when they are used in the wild.
Let’s look back at the Ronin hack as an example. It took a full six days for the team behind the project to realize an attack had occurred, only becoming aware when a user complained that they were unable to withdraw funds. If real-time monitoring of the network had been in place, a response could have happened almost instantly when the first large, suspicious transaction occurred.
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