Wall Street Concerns Over State-Sponsored Hacking in Crypto

North Korean-linked hacking groups have stolen over $6 billion in crypto since 2017, according to a report from TRM Labs. This has led to concerns on Wall Street about the responsibility to prevent state-sponsored bad actors from interacting with their systems.

Canton's 'guardrail' design allows participants to implement risk protections for subnets and digital assets they create or issue. This may help Canton projects avoid infiltration by North Korean-linked hacking groups, which have evolved from simple phishing attempts to months-long campaigns aimed at gaining privileged access to protocols.

However, the debate surrounding Canton's design continues, with some arguing that it is not a 'true' blockchain due to its permissioned nature. Others have raised concerns about centralization within DeFi more broadly.