UNCHAINED: Trump’s Crypto Project May Attract Hackers. That's Why This Security Expert Joined
Sep 18, 2024
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Ogle is a crypto security expert advising the Trump-backed DeFi project, World Liberty Financial (WLF). He discusses his unique role and the security challenges the project may face, emphasizing the need for enhanced user safety. Ogle shares insights on why he believes WLF could rival major players like Shiba Inu and why Trump’s involvement could attract newcomers to crypto. He also reveals his new layer-1 blockchain, Glue, which aims to improve user experience, addressing the skepticism surrounding WLF along the way.
Crypto security expert Ogle emphasizes the importance of user safety to prevent losses in World Liberty Financial's DeFi project backed by Trump.
Ogle highlights the unique potential of WLF to attract traditional finance users, tapping into the burgeoning crypto market through accessibility and ease of use.
Discussing his new L1 blockchain, Glue, Ogle believes it can enhance user experience compared to existing solutions in the cryptocurrency landscape.
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Trends in Cryptocurrency Security
A notable discussion revolves around the rising threat posed by North Korean hackers in the cryptocurrency space, emphasizing their increasingly sophisticated social engineering tactics. By meticulously studying their targets, these hackers can build rapport and manipulate individuals into granting access to sensitive information. The FBI's recent warnings highlight that while only a fraction of financial fraud complaints are cryptocurrency-related, they account for a substantial portion of losses. This revelation stresses the importance of enhancing security measures and raising awareness among users.
Innovations in Blockchain Technology
The growth of platforms like Polkadot and Mantle illustrates the increasing interest in layer-zero blockchains and their capabilities to enhance transaction speeds and security. These projects aim to optimize conditions for decentralized finance (DeFi) and gaming applications, allowing developers to create and scale effectively. Additionally, Mantle's EMEATH, which has reached significant total value locked (TVL), showcases innovative approaches to liquid staking, drawing attention from the broader crypto community. Such advancements indicate a shift towards more robust and efficient blockchain ecosystems.
The Role of User Experience in Crypto Adoption
In discussions about improving user experience, it is highlighted that many potential cryptocurrency users are discouraged by overly complex platforms. Upcoming projects aim to provide simplified interfaces and processes that cater to new users, eliminating the steep learning curve typically associated with crypto. By focusing on ease of use, such projects could tap into a larger market of individuals interested in entering the cryptocurrency space without feeling intimidated. The goal is to create environments where users feel secure and supported in managing their digital assets.
Future of World Liberty Financial
World Liberty Financial, backed by notable figures, aims to address the challenges of lending and borrowing in the digital era by offering a user-friendly platform. The project focuses on attracting new users, particularly from traditional finance backgrounds, by providing streamlined access to financial services. With plans for a governance token and an emphasis on security, the project is positioned to create a safe space for newcomers to engage with cryptocurrency. Its success may hinge on effectively managing security risks and ensuring a positive user experience.
Crypto security expert Ogle is advising World Liberty Financial to make sure the normies don’t get burned.
World Liberty Financial (WLF), the Trump-backed DeFi project, launched this Monday.
In this episode, crypto security expert Ogle discusses his role as an advisor to WLF. He dives into why he joined the project, what makes it unique, and how Trump’s involvement could bridge the gap for many who are new to the space.
Plus, Ogle shares his thoughts on the security challenges WLF might face and the project's potential to rival major players in the market.
He also touches on his new L1 blockchain Glue, and why he thinks it will provide a better user experience than what is out in crypto today.
Show highlights:
Ogle’s background and how he came up with a standard for dealing with crypto hacks
Where crypto hackers are usually from
Why he does security work for free
Why Ogle is advising the Trump family’s DeFi project, World Liberty Financial
Why some in the crypto community are skeptical of WLF
His thoughts on how to prevent a crypto hack of a high-profile project
Why Ogle is not worried about WLF having been forked from the hacked app Dough Finance
How the Trump family is involved in WLF
How Donald Trump is excited about the project and actually gets it, according to Ogle
Why Ogle believes WLF will attract as much traction as the entire market cap of Shiba Inu
How Ogle's new layer 1 blockchain, Glue, aims to be crypto’s AOL
Why Glue’s L2s will be specific to certain areas of the industry
When Ogle expects Glue to launch and whether it’ll have a token
How North Korean hackers are now “just so clever, socially”
Ogle’s tips for crypto users
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