When a DeFi platform is hacked, suspicion often falls on insiders who are the most familiar with the smart contracts and security procedures and are, therefore, most likely to be able to devise an exploit. But are insiders really responsible for most DeFi hacks? It seemed like a major scoop for on-chain sleuth Librehash. In September 2022, he reported that a $160-million hack of Wintermute, a U.K.-based DeFi platform, was likely an inside job. It exploited a bug in a smart contract that Wintermute used to generate vanity wallet addresses. According to Librehash (real name James Edwards), in a lengthy analysis of the ... (full story)