Wall Street's Fiduciary Fear: How Canton Network's 'Guardrails' Aim to Block North Korean Crypto Hackers
Following the $290 million Kelp DAO hack, Digital Asset CEO Yuval Rooz says Wall Street firms are increasingly worried about their fiduciary duty to prevent state-sponsored hackers—particularly North Korean groups—from infiltrating their systems. Canton Network's 'guardrail' design allows participants to limit user control, a feature Rooz argues is necessary for security, though crypto purists criticize it as centralization. Arbitrum's decision to freeze $71 million in exposed funds shows the tension between DeFi's permissionless ideals and practical safety needs.