Unchained The Chopping Block: Who’s to Blame for the Curve Hack? - Ep. 526
Aug 3, 2023
Discover the drama behind the Curve Finance hack that shook the DeFi world. Explore the challenges developers face with varied coding languages and the accountability of those involved. Dive into the community's responses to a liquidity crisis and the evolving landscape of transparency vs. privacy in finance. Plus, enjoy humorous insights into meme coin mania and the complexities of cancel culture surrounding a provocative tweet. It's a lively discussion packed with industry insights and unexpected twists!
AI Snips
Chapters
Transcript
Episode notes
Laurence Day's DeFi Attack Experience
- Laurence Day contributed to Indexed Finance, which was attacked in 2021.
- The attack involved a flash loan and overflowing Sushi tokens.
Re-entrancy Bugs in Curve Exploit
- Re-entrancy bugs, a known vulnerability in smart contracts, caused the Curve Finance exploit.
- This highlights the risk of relying on older, potentially insecure code.
Compiler Security Funding Issues
- Funding for compiler security in crypto is primarily focused on Solidity.
- This lack of diversity creates systemic risks.