Formally ask ICF if Zaki Manian disclosed the north Korean origins of lsm
• @jtremback has said that informal systems wasn’t informed of the origins of the lsm, but he isn’t CEO. Informals CEO should respond, and a tweet should come from the informal Twitter - informal seems to think that they can make official statements from the hub Twitter. • I wasn’t informed of the origins of the lsm (I worked on it) • stride hasn’t responded • interchain foundation hasn’t responded • Zaki hasn’t said weather or not he informed icf, informal or stride Grace asked: x.com G. 🎒🕶️ (@gyunit_) on X @gyunit_ We need to determine if Zaki Manian ever informed the ICF, Stride Labs, and Informal about North Korean involvement w LSM development. If these organizations were notified, when? @interchain_io @acityinohio @buchmanster @maximemonod @interchainriley @aidan0x @stride_zone I asked x.com Jacob Gadikian 🦄x⚗️ (@gadikian) on X @gadikian Were you told by iqlusion that the liquidity staking module was built by the north Korean state division responsible for stealing cryptocurrency, funded by ICF? @interchain_io @acityinohio @buchmanster @maximemonod @interchainriley @aidan0x…
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More info…
From bosmonosmo Anyone else got the time to check the transactions of the NK devs? I looked and the 2 transactions the the “fbi” says went to NK did end up there but the issue is that the payments were sent from inqlusions business wallet to an address that’s different from the one Zaki said was the contractors wallets. Here’s the 2 transactions. They go directly from the wallet Zaki identifies as being iqlusion to the wallet that the fbi is asking about. Wallet Zaki identifies as iqlu…
Tough times!
Agree, we need formal address from ICF and/or Interchain
Interchain = ICF
We also need a proper statement from informal
Ideally from iqlusion as well
And stride
I’ve given mine… At the time I was running hub security. Zaki didn’t tell me the code history.
Thank you for your continued work on helping ensure the security of the Cosmos Hub, @jacobgadikian.
The continued lack of response RE this urgent issue, from hub leaders, is astounding.
I think it is pretty damn obvious, you guys just have to listen to the Zaki episode for the ZK podcast with Anna Rose. In my opinion he never disclosed anything. Why am I pretty sure? The podcast was recorded a couple of weeks ago, he 100% knew that NKs were involved in the LSM, he never mentions it, he never talks about it. The FBI already investigated the case for over a year, so it was clear that this will become public at a certain point and will have huge remifications and it won’t be possible for him to work on any project related to the HUB. What does he do instead? He frames it like it was an ideological choice and he doesn’t believe in the vision any longer. To this day we don’t even have a public statement from Zaki on this issue. He obviously tried and still tries to move it under the rug. Even if he is under investigation himself, there are several ways how you can disclose the issue without giving too much information. If he didn’t disclose anything, Zaki is a persona non grata for the ecosystem. Just the way he handled this, you can’t be sure that this is the only instance, there might be other issues which he didn’t disclose or tried to move under the rug. He…
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I don’t want to make any assumptions, but it is looking like what you say is true.
Still want ICF to confirm tho.
As for the notion of blacklisting - everyone will ultimately need to make their own choices. I know I won’t be doing any further work with him or his company.
The LSM module should be deleted period. I don’t even care who was involved in building it. No one should be able to shovel staked ATOMs into a liquid staking protocol. If people want to use liquid staking they should be doing that with unstaked ATOM. End of fn story.
vixcontango:I don’t even care who was involved in building it.
Unfortunately I don’t think that this is the right take. The North Korean military is the world’s best group of cryptocurrency thieves and they have stolen more crypto than anybody.
Your other reasons could be correct, however the theft angle is key imo.
Fully agree with @vixcontango that no one should be utilizing staked ATOM to provide liquidity to Liquid Staking Protocols. This further neglects Hub security. If anything, using their unstaked ATOM, but either way.
Any entity supporting this should be questioned, whether attempting to help secure the Cosmos Hub, or a governance takeover plot.
LSM is great in general, it allows capital to be more efficient and increases velocity
Liquid staked assets can encourage DeFi activities which can result to higher buying pressure among protocols. So removing it completely is kinda jumping off of innovation train. Rather, we should re-vamp how it is done and change the source code
Personally, I have same point of view about staked assets, there are there for the long run and I am not really looking to even liquid stake them, as I do not want to put additional risk.
I am not saying don’t liquid stake. LSM module allows staked assets to be transferred from your account to a liquid staking provider. I don’t think this feature should exist. If you want to liquid stake, do it with your unstaked assets - in other words you make a conscious decision to use defi and to liquid stake your assets from the get go. The LSM module currently introduces a security vulnerability. Previously staked assets were more secure than unstaked assets because there is a time period introduced before they are available to be transfered. This time period allows for the owner of the assets to discover if his wallet has been compromised. For example, I know very easily if my funds are compromised or not if I don’t get staking rewards. Generally speaking even with cold storage there exist remote possibility that your computer has been hacked into and somebody is recording the letters you type. In other words, it is possible to steal your mnemonic and then recreate your wallet on another computer despite your best efforts. With staking and the unbonding period, a potential attacker has to wait before the funds are available to transfer and then you have the ability to…
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