When Ian Andrews (CMO, Chainalysis) was recording this episode with Raz Niv (Co-founder and CTO, Blockaid) back in December of 2023, the web3 industry was on full alert due to a Ledger supply chain attack. Blockaid was first to break the news and this episode talks about the attack as it unraveled and how they are working to keep web3 secure.
In this episode, Raz expresses Blockaid’s mission to provide security tools for web3 builders and protect users from malicious d’apps, wallet drainers, address poisoning and suspicious transactions and connections, particularly in the realm of scams, phishing, and hacks.
Raz discusses the company's partnerships with major players in the ecosystem, such as MetaMask and OpenSea, and how their technology is providing real-time indications of potential risks and malicious activity in web3.
Minute-by-minute episode breakdown
- (2:15) - Introduction to Blockaid and the problem of security in Web3
- (4:05) - Raz's background in Israeli Cyber intelligence units and interest in Web3
- (6:40) - 1 in 10 dApps are malicious, data collection and trends
- (10:25) - Blockaid's backend architecture and data sources
- (12:27) - Ledger supply chain attack and explanation of how similar attacks work
- (15:50) - Highest fund loss per capita in Web3 than any other industry
- (19:45) - Blockaid's role in MPC wallet architecture
- (23:02) - Privacy considerations and data collection by Blockaid
- (26:35) - Address poisoning attack and its dangers
- (28:44) - Blockaid's plans to improve detection and expand integrations
Related resources
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
Speakers on today’s episode
- Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)
- Raz Niv (Co-founder and CTO, Blockaid)
This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.
Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.
Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.
Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.
