The Pomp Podcast

#897 Keeping Your Crypto Assets Secure w/ Adam Healy

Apr 3, 2022
Adam Healy, the Chief Security Officer at BlockFi, shares invaluable insights into crypto security. He discusses the urgent need for robust measures to prevent hacks in decentralized finance. The conversation highlights the challenges of insider threats and private key management. Listeners learn about BlockFi's innovative security strategies and the importance of transparent communication. With a mix of humor and seriousness, Adam emphasizes the balance between user experience and security, ensuring everyone can navigate the crypto world confidently.
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ADVICE

Personal Crypto Security

  • Use strong, complex passwords and multi-factor authentication to protect your crypto assets.
  • Consider managing your own keys for a portion of your crypto holdings.
INSIGHT

Institutional Shortcomings in Crypto Security

  • Institutions often fail to ask the right security questions when evaluating crypto custodians.
  • This stems from a lack of specialized skills in both asking and interpreting security-related inquiries.
ADVICE

Key Security and Threat Assessment

  • Enable two-factor authentication on all financial apps to significantly reduce fraud risk.
  • Individuals managing their own keys should consider everyday threats, not just government seizure.
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