- A crypto influencer recently highlighted the vulnerabilities in Chainlink’s 4-of-9 multisig.
- The influencer believes that the DeFi ecosystem’s exposure to Chainlink oracles may be catastrophic.
- Popular projects like Aave and Maker rely on Chainlink’s price oracles.
Chris Blec, a popular crypto influencer who describes himself as a fierce advocate for immutable decentralized technology, has alleged that the decentralized finance (DeFi) industry is colluding to hide a key vulnerability associated with Chainlink.
The entire DeFi industry – VCs, DAOs, devs, everyone – is colluding to hide the fact that if 5 people, chosen by @chainlink, ever decide (or are forced) to go rogue, the entire DeFi ecosystem can be intentionally destroyed in the blink of an eye.— Chris Blec (@ChrisBlec) February 7, 2023
According to Blec, the developers, decentralized autonomous organizations (DAO) and venture capitalists, and others in the DeFi space are colluding, to hide the fact that if 5 people, chosen by Chainlink, ever decide (or are forced) to go rogue, the entire DeFi ecosystem can be intentionally destroyed in the blink of an eye.
The vulnerability that Blec is …
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