First it was pancakeswap, venus, bunnyswap, now it is burgerswap and juld. What's going on?I know blockchains are vulnerable and all. But I noticed that the Binnace Smart Chain has been under severe attacks recently. Is it because of low number of validators leading faster transactions or what?
Although Binance Smart Chain (BSC) boost of low gas fees, but it looks like the network or rather most of the projects are yet to boost of improved security. Also, since the BSC network is still upcoming unlike that of Ethereum, I believe with more work and more improvements they will stand firm; what those project team ought to do now is to leverage on their weaknesses and improve on their platforms in order to prevent any sort of attacks again. Moreover, I noticed most of these attacks are flashloans, that is to say, those hackers are seeing loopholes in those projects which they are leveraging on to attack them, therefore let those projects team work hard and look for more better ways to protect themselves.
Lastly, investors needs to be careful of most of these BSC projects because the team can steal and then claim they are being attacked thus using that opportunity to abandon the project. But however, if one look at most of the platforms which were attacked, the team are still working and looking for more ways to continue developing without giving up, that to an extent shows a dedicated team.
