Cobo CEO Discusses Measures to Counter Radiant Capital Hack

According to Odaily, Cobo co-founder and CEO Shenyu commented on the recent Radiant Capital hack, outlining several measures the industry can take to address such complex attacks. Firstly, project teams and security companies should conduct thorough inspections of high-privilege sensitive contracts. Implementing a time lock, even as short as 10 minutes, can effectively mitigate attacks. Additionally, an automated monitoring and alert mechanism should be added. Secondly, to temporarily alleviate the issue of blind signing on hardware wallets, users should first obtain and parse the information to be signed through an app from the hardware wallet. Lastly, integrating complex transaction parsing functions within hardware wallets can enhance transaction transparency and security.