Unchained The Chopping Block: How This DeFi Hack Negotiator Gets Hackers to Return Stolen Money Ep. 577
Dec 1, 2023
Vivek Ramaswamy, former biotech CEO and U.S. presidential candidate, dives into the evolution of crypto hacks and negotiation tactics with seasoned negotiator Ogle. They unpack the KyberSwap exploit, revealing how nearly $50 million was lost across blockchains. Ogle shares his journey in tracking hackers and his empathetic approach to dealing with them. The discussion also touches on the regulatory landscape impacting innovation in digital assets and the rising challenges in balancing user freedom with accountability.
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Crypto's Challenge to the Administrative State
- Vivek Ramaswamy's interest in crypto stems from its potential to challenge the administrative state.
- He believes crypto offers an opt-out from the current system, holding it accountable.
The Administrative State as a Fourth Branch
- Ramaswamy argues that the administrative state operates as a fourth branch of government, hindering innovation.
- He believes it consolidates legislative, executive, and judicial powers unconstitutionally.
Restructuring the Federal Bureaucracy
- Vivek Ramaswamy plans to reduce the federal bureaucracy through mass layoffs, not individual firings.
- He believes this approach avoids legal challenges of political retaliation.
