Appreciate the feedback Maurelian, We have some followup questions:
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Do you have more granular guidelines or criteria of when they will pause all withdrawals?
So for example, is a $1k or a $1mm hack? Or is the pause only triggered when they identify a bug in the OP stack code? To me, it’s not entirely clear what class of bugs in terms of likelihood of exploitation, impact and scope would warrant a pause. -
On restoring state: this would come into play if the security council pauses withdrawals due to an issue at with an oracle provider. Let’s say an oracle provider and a DeFi protocol loose tons of user funds due to a hack or misconfiguration. The chain in question wants to hard fork and roll back their state to before the hack. How would the security council act?
Thank you