Shen Yu: The project party should enhance security by implementing time locks and adding automated monitoring and alarm mechanisms

ChainCatcher message, Cobo co-founder and CEO Shen Yu commented on the theft incident involving Radiant Capital, stating that the measures the industry can currently take against this complex attack are:

1. Project teams and security companies should conduct detailed inspections of high-privilege sensitive contracts, first setting a time lock (even a short time lock of 10 minutes can effectively mitigate attacks), and adding an automated monitoring and alert mechanism.
2. First, obtain and parse the information to be signed from the hardware wallet via the app, providing a temporary mitigation for the blind signing issue of the hardware wallet.
3. Integrate the parsing function for complex transactions within the hardware wallet to enhance transaction transparency and security.