A way to prevent hacking of digital currencies was found!

The proposal’s lead developer, Campos, believes circuit breakers could have preveed billions in losses last year. Campos itself fell victim to the Euler Finance hack in March, which spread to 11 other protocols. He noted that the TVL (Total Locked Value) charts and transactions that occurred during the Euler Finance hack raised the question of why DeFi protocols allow 100% of their TVL to be withdrawn in 10 seconds or five blocks.
However, the circuit breaker has not been without coroversy, and some have worried that it could be used for poteially nefarious purposes. DeFi researcher Chris Black was among those who expressed concern that circuit breakers could allow DeFi developers to freeze users’ funds forever. Campos clarified that the circuit breaker is not suitable for every DeFi protocol and does not guaraee that the protocol is secure.
Circuit breakers are still taking shape, but Campos is confide it will be ready in a few mohs, which puts it in a really good stage for iegration io protocols.


