On The Brink with Castle Island Michael Bentley (Euler) on Euler's Comeback (EP.650)
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Jul 28, 2025 Michael Bentley, founder of Euler, shares his journey in the crypto world, navigating the complexities of decentralized lending. He recounts Euler's inspiring comeback after a massive $200 million security breach, highlighting the importance of team resilience and personal relationships in a pseudonymous culture. Bentley discusses the balance of innovation and risk in crypto, the lessons of navigating public perception, and the challenges of combining work and family life in a demanding industry. His insights reveal the vital role of interpersonal connections in shaping success.
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Epic $200M Exploit Recovery
- Euler was exploited for nearly $200 million in just 15 minutes in March 2023.
- Michael Bentley developed a personal relationship with the attacker and negotiated a full recovery of stolen funds.
Be Public to Build Trust
- Build trust in crypto by being a public-facing figure rather than anonymous.
- Focus on transparent communication to connect with your community meaningfully.
Team Unity Amid Crisis
- Euler's team stuck together through thick and thin after the exploit.
- A former intern named Casper became CTO and led the hunt for the attacker.