

Collapses, Bankruptcies, and Fraud: How 2022 Became the Year of Crypto Carnage - Ep.436
Dec 27, 2022
Chris Burniske, a crypto optimist, discusses finding hope amid the chaos of 2022's market turmoil. Tarun Chitra analyzes the Wintermute hacks, shedding light on crypto vulnerabilities. Haseeb Qureshi shares insights into the dramatic collapse of Terra/Luna and its ripple effects on investors. Kevin Zhou reflects on the FTX downfall, revealing warning signs he observed. Together, they explore the lessons learned from these significant crises in the crypto landscape, emphasizing the need for stronger risk management and resilience.
AI Snips
Chapters
Books
Transcript
Episode notes
DAO Hack Reveal
- Laura Shin's book revealed Toby Honish as the DAO hacker.
- This event was a significant crisis for Ethereum, impacting its legitimacy.
Crypto in Ukraine War
- The Russia-Ukraine war highlighted the benefits of blockchain technology.
- Crypto facilitated direct aid, preserved vital records, and documented war crimes.
Wintermute's Incompetence
- Wintermute suffered significant losses due to technical incompetence, not a hack.
- Tarun criticized Wintermute for repeated cybersecurity failures.