Ethereum maxis often criticize other blockchains like Solana (SOL) for not being decentralized enough.

However, Oasis, a "decentralized" app allowing to use MakerDAO, recently upgraded a vault smart contract to help Jump Crypto get the money back from the Wormhole hackers.

While this is good news for Jump Crypto and Wormhole, it also shows that a supposedly immutable smart contract on Ethereum can be modified in order to steal money from users, although it seems to be for the good cause.

How was it possible? Because Oasis private keys are held through a multisig wallet instead of a permissionless contract as it should be.

So, next time Ethereum maxis criticize other blockchains for not being decentralized enough, just remind them the Oasis case...

DeFi still needs to get really decentralized.