these hacks are terrible right. but the way i see it is that I am trading crypto for the extra return compared to what i'd get in tardfi. its already baked into it that the stuff i do is of riskier nature than the less risky stuff. otherwise i wouldnt get paid more for it. so cursing at it is not helpful.

my job every day on top of the stuff we already have to do to keep edge, is to make sure that all my risks are controlled and diversified. to keep the book mostly diversified most of the time so that a single tail event doesn't take me out of the game. i used to work "most" there on purpose because there's opportunities where you can have a significant portion of capital on one thing, although i wouldnt recommend it.
counterparty risk is just part of the equation here, everything i do is assuming ill be hacked and how i can minimize for it. if the risk was eliminated so would be your returns in the way i view the world of risk taking.
it sucks but it is what we do.