TechFlow news, on October 17, regarding the previous Radiant Capital security incident, Shen Yu (@bitfish1) commented: "When it comes to sensitive permissions—especially those involving access to funds—why wasn't the industry-standard practice of using time locks (delayed execution mechanisms) implemented to ensure security?"
Previously, SlowMist's Yuxian expressed views stating that excessively high privileges held by project teams are widespread across current smart contracts, cross-chain bridges, and Layer 2 solutions. "Project owners have too much power; if they intend to act maliciously, they could upgrade a contract with a backdoor and steal users' funds. This issue of excessive privileges is so prevalent across various smart contracts, bridges, and L2 protocols today that almost everyone has become numb to it."
