Examining the Mysterious Solana Wallet Hack and Its Implications

First Friday of August, 2022

------ 📣 Forta | Help Make Web3 a Safer Place https://bankless.cc/Forta

------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/   🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/  

------ BANKLESS SPONSOR TOOLS: 

🚀 ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool

⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum

❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave

🌴 MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO

🔐 LEDGER | SECURE STAKING https://bankless.cc/Ledger 

------ Topics Covered:

0:00 Intro

5:00 MARKETS 7:23 All Time High https://messari.io/screener/bear-market-vibes-C66F0A22 9:30 Mainstream ETH https://twitter.com/TheStalwart/status/1554061312443006976 11:15 Bullish on the Merge https://twitter.com/data_always/status/1554521769591144448 15:20 Ethereum ESG https://twitter.com/Data_Always/thread/1554560847585886210 17:02 ENS Boom https://twitter.com/ensdomains/status/1554099225352290304 20:20 Opensea.eth https://twitter.com/degentraland/status/1554592812674449410

22:00 NEWS 24:00 $200m Nomad Bridge Hack https://www.coindesk.com/tech/2022/08/02/nomad-bridge-drained-of-nearly-200-million-in-exploit/ 31:55 Returning Funds https://www.theblock.co/post/161175/nomad-hack-ethical-hackers-return-9-million-to-exploited-crypto-bridge-platform 33:45 Are All Bridges Vulnerable? https://twitter.com/bkiepuszewski/thread/1554375783577276416 38:45 Bridge Security https://twitter.com/RyanSAdams/status/1483803596055621632

48:35 Solana Wallet Hack https://thedefiant.io/solana-wallet-breach/ 49:30 Explaining the Hack https://twitter.com/milesdeutscher/thread/1554853898497576960 52:20 Plaintext 54:00 David’s Wallet Advice https://twitter.com/trustlessstate/status/1554628479848685572

59:05 Ethereum Proof of Work Chain https://twitter.com/ceterispar1bus/status/1553113853361258505

1:06:00 Other News 1:08:00 Aave Multichain Strategy https://cointelegraph.com/news/aave-devs-propose-freezing-fantom-integration-citing-lack-of-traction-and-potential-vulnerability 1:10:10 SushiSwap Chef Compensation https://thedefiant.io/sushiswap-head-chef-may-pocket-a-third-of-all-tokens-paid-to-staff/ 1:10:40 Optimism Bedrock https://twitter.com/optimismFND/thread/1554528451767451650 1:13:15 Happy Birthday Ethereum! https://twitter.com/BlockGeekDima/status/1553331229285548044 1:13:35 Michael Saylor Steps Down https://twitter.com/tier10k/status/1554558287940669440

1:15:30 NFT News Tiffany CryptoPunks https://twitter.com/tiffanyandco/status/1553742328652877827 Magic Eden Supporting ETH https://twitter.com/MagicEden/status/1554497669032206336 Rainbow Wallet https://twitter.com/rainbowdotme/status/1551978336359890944 StarkNet https://twitter.com/aspectdotco/status/1554119172262490112

1:19:00 Robinhood Fined $30M https://twitter.com/alyssachoo_/thread/1554493577249669123 1:20:08 Commodity Senate Bill https://www.reuters.com/markets/us/senate-bill-would-hand-bitcoin-ether-oversight-commodities-regulator-2022-08-03/ 1:21:00 SEC Charges Forsage https://www.theblock.co/post/160624/sec-charges-forsage-founders-promoters-in-300-million-crypto-ponzi-scheme-lawsuit

1:21:50 Quick News Hits Celsius Leak https://blockworks.co/celsius-admits-customer-emails-leaked-in-third-party-data-breach/ Babel Finance https://www.theblock.co/post/160230/babel-finance-crypto-lost-280-million-proprietary-trading-restructuring Coinbase ETH Staking https://twitter.com/CoinbaseInsto/status/1554186523800526848 Swell Network https://twitter.com/swellnetworkio/status/1552891765237026816 Immutable X Gamestop https://twitter.com/Immutable/status/1552821358773448705

1:23:36 Raises Variant Fund III https://variant.fund/articles/introducing-variant-fund-iii/ Vee Friends a16z https://blog.veefriends.com/veefriends-closes-seed-round-from-a16z-crypto-afa151561051

1:24:15 Jobs https://pallet.xyz/list/bankless/jobs

1:26:00 Questions from the Nation 1:27:30 DCA into a Token https://twitter.com/Madge_80/status/1554862719223963652 1:31:00 Getting a Job in Crypto https://twitter.com/patduds/status/1554876401928454144

1:33:00 TAKES 1:33:30 Authoritarian vs Libertarian https://twitter.com/balajis/status/1552776283968323585 1:35:30 Goalposts Moving https://twitter.com/sassal0x/status/1553750144515842049 1:36:30 Call Out Scammers https://twitter.com/VitalikButerin/status/1554258761727938561 1:39:55 Caring About Decentralization https://twitter.com/RyanSAdams/status/1553488247564767234 1:41:00 Fees-Driven Bulls Market https://twitter.com/TrustlessState/status/1553477269544484864

1:42:12 What David’s Bullish On 1:43:25 What Ryan’s Bullish On

1:46:20 Meme of the Week https://twitter.com/memejority/status/1554493706945720321?s=21&t=tu1DynjBZTppSHroSEfswg

----- Not financial or tax advice. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures