Privacy protocol Umbra cuts off its front-end and specializes in dealing with Kelp hackers
**Umbra directly shuts down the front end. Does the hacker want to escape? No way! **
Privacy Agreement Umbra suddenly announced today: Shut down the front-end interface in order to prevent Kelp hackers from transferring stolen money through its platform. Simply put, it means preventing bad guys from using its tools to launder money. However, Umbra also said that this can only block the front-end entrance. Smart contracts and open source code are still, and hackers can still use them by building their own interfaces.
**Why is it important? **
Kelp hackers have done a big job recently and are eager to clean up the stolen money. Although Umbra's trick treats the symptoms rather than the root cause, it directly cuts off the most convenient money laundering channel, which is equivalent to adding obstacles to hackers and buying time for on-chain tracking and law enforcement to intervene. This is a rare "self-inflicted" anti-hacking operation in the DeFi field - one would rather shut down one's own business than become an accomplice.
Inspiration for retail investors
- Don’t touch vulnerable protocols: The Kelp incident once again proved that DeFi security is vital. Don’t invest retail funds in high-risk new protocols.
- Privacy tools are not outside the law: Umbra can turn off the front end, and other protocols can also be learned. Don’t think that everything will be ok if you remain anonymous.
- Transaction costs must also be carefully calculated: Hackers need to pay gas for money laundering, and retail investors also need to pay handling fees for transactions. Want to save some handling fees? Go to CoinRebate (coinrebate.vip) to compare prices. You can save a lot with cash rebates from major exchanges such as Binance, OKX, and Bybit. Don’t be stupid and trade at full price.
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This article was edited by CoinRebate AI, data source: CoinTelegraph