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How crypto hackers caused a $13B loss over the weekend

How crypto hackers caused a $13B loss over the weekend

00:00 Speaker A

We have the 13 billion defy. That’s decentralized finance. I don’t want to take it for granted that everybody knows, wipe out in two days and it started with Kelp. We have these hacks on a nearly weekly basis. It seems now. There’s been six or seven of them just in the past month alone, and I’ve literally never heard of any of the platforms where it’s happening, which makes you

00:19 Speaker A

wonder, how can there be hundreds of millions, if not billions of dollars sitting on these risky platforms that nobody, even people have been in crypto for a decade, have ever even heard of.

00:27 Speaker A

But this is actually a massive, massive deal. So this kelp exploit itself was $292 million….

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