This story was originally published on HackerNoon at:
https://hackernoon.com/balancing-usability-and-security-in-the-wake-of-a-breach-an-interview-with-magpie-protocols-cio.
We sat with Dr. Ali Raheman, Founder of Magpie, to get his perspective on DeFi security concerns and their experience and learnings following getting hacked.
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Magpie Protocol suffered an attack that resulted in $129,000 value in USD from 221 wallets. Magpie had to temporarily take the dApp offline to fix the exploit. Some users are so used to it that they don’t even bat an eyelash anymore. They sat down with us to talk about how they jumped back at a very quick and efficient pace.