[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Preetam | QuillAudits 🥷🏄 [@raopreetam_](/creator/twitter/raopreetam_) on x 12.8K followers Created: 2025-07-24 12:19:14 UTC Every major protocol that's been exploited had security measures in place. Compound, Cream, Poly Network, Ronin, all had audits, some had bounties. The exploits still happened. Your incident response plan should cover: 1⃣ Detection & Triage (First XX minutes) • Automated monitoring alerts for unusual activity. • Clear escalation chain: who gets called at 3am? • Emergency contacts for all stakeholders. • Predefined severity classifications. 2⃣ Immediate Response (First hour) • Pause/freeze mechanisms and who has authority to trigger them. • Communication templates for team, users, and public. • Legal counsel contact info. • Exchange relationships for potential trading halts. 3⃣ Damage Assessment & Recovery • Forensics procedures: preserve state, gather evidence. • User communication strategy (before Twitter finds out). • Recovery fund allocation decisions. • Insurance claims process if applicable. 4⃣ The uncomfortable scenarios to plan for: • What if the exploit is ongoing and you can't stop it? • What if your pause mechanism is also compromised? • What if the attacker contacts you directly? 5⃣ Post-mortem requirements: • Technical writeup timeline. • User compensation framework. • Process improvements for prevention. Pro tip: Run tabletop exercises. Gather your team and simulate different exploit scenarios. You'll quickly discover gaps in your plan when people are arguing about who has multi-sig access while the protocol is actively being drained. XXX engagements  **Related Topics** [bounty](/topic/bounty) [if you](/topic/if-you) [happened](/topic/happened) [poly](/topic/poly) [compound](/topic/compound) [protocol](/topic/protocol) [Post Link](https://x.com/raopreetam_/status/1948357304471928908)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Preetam | QuillAudits 🥷🏄 @raopreetam_ on x 12.8K followers
Created: 2025-07-24 12:19:14 UTC
Every major protocol that's been exploited had security measures in place. Compound, Cream, Poly Network, Ronin, all had audits, some had bounties. The exploits still happened.
Your incident response plan should cover:
1⃣ Detection & Triage (First XX minutes)
• Automated monitoring alerts for unusual activity. • Clear escalation chain: who gets called at 3am? • Emergency contacts for all stakeholders. • Predefined severity classifications.
2⃣ Immediate Response (First hour)
• Pause/freeze mechanisms and who has authority to trigger them. • Communication templates for team, users, and public. • Legal counsel contact info. • Exchange relationships for potential trading halts.
3⃣ Damage Assessment & Recovery
• Forensics procedures: preserve state, gather evidence. • User communication strategy (before Twitter finds out). • Recovery fund allocation decisions. • Insurance claims process if applicable.
4⃣ The uncomfortable scenarios to plan for:
• What if the exploit is ongoing and you can't stop it? • What if your pause mechanism is also compromised? • What if the attacker contacts you directly?
5⃣ Post-mortem requirements:
• Technical writeup timeline. • User compensation framework. • Process improvements for prevention.
Pro tip:
Run tabletop exercises. Gather your team and simulate different exploit scenarios. You'll quickly discover gaps in your plan when people are arguing about who has multi-sig access while the protocol is actively being drained.
XXX engagements
Related Topics bounty if you happened poly compound protocol