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