The Chopping Block: Why ‘One Man’s Bug Is Another Man’s Bounty’ - Ep.338

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news in the digital asset industry. Show topics:
how social engineering was used in the $600 million+ Ronin bridge hack
what bridge infrastructure needs to be built (note: if someone wants to build a cross-chain Etherscan, it sounds like Tarun would fund it)
why the Inverse Finance hack impressed Tom
how Open Zeppelin found and patched a $15 billion vulnerability for Convex Finance
why transitioning to token governance might be an issue for Convex
what made USDN de-peg
why Tarun think algorithmic stablecoin creators are a little crazy
the elegance of the Bitcoin whitepaper
what their biggest takeaways from Elon Musk’s purchase of Twitter are
why Tarun thinks FTX investing in IEX is actually a huge deal
 
Hosts
Haseeb Qureshi, managing partner at Dragonfly Capital
https://twitter.com/hosseeb

Tom Schmidt, general partner at Dragonfly Capital
https://twitter.com/tomhschmidt

Tarun Chitra, managing partner at Robot Ventures

https://twitter.com/tarunchitra 

Robert Leshner, founder of Compound 

https://twitter.com/rleshner 


Topics Covered
Ronin hack
https://www.bloomberg.com/news/articles/2022-03-29/hackers-steal-590-million-from-ronin-in-latest-bridge-attack
https://decrypt.co/96811/nearly-7m-hacked-ronin-funds-sent-privacy-mixer-tornado-cash
https://roninblockchain.substack.com/p/community-alert-ronin-validators?s=w

More hacks: Inverse Finance, Convex Rugpull disclosure
https://www.coindesk.com/tech/2022/04/02/defi-lender-inverse-finance-exploited-for-156-million/
https://twitter.com/bertcmiller/status/1510284763332071427
https://blog.openzeppelin.com/15-billion-rugpull-vulnerability-in-convex-finance-protocol-uncovered-and-resolved/

USDN Peg broken, drama ensues
​​https://www.theblockcrypto.com/post/140475/drama-erupts-around-the-waves-blockchain-project-and-trading-firm-alameda 
https://www.coingecko.com/en/coins/neutrino-usd

Why is Elon taking a stake in Twitter?
https://decrypt.co/96809/dogecoin-cheerleader-elon-musk-takes-9-2-stake-in-twitter
https://www.wsj.com/articles/twitter-to-name-elon-musk-to-its-board-of-directors-11649162614?mod=article_inline

FTX purchasing a stake in IEX
https://www.prnewswire.com/news-releases/ftx-us-and-iex-join-forces-to-help-shape-market-structure-for-digital-assets-301517550.html

Lightning Labs' $70 million raise

https://www.theblockcrypto.com/post/140560/lightning-labs-taro-protocol-stablecoins-fundraise 

Gauntlet raises $23.8M led by Ribbit, now a Unicorn - congrats Tarun!
https://cointelegraph.com/news/crypto-quant-firm-gauntlet-valued-at-1b-following-series-b

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