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The DeFi Developer Who Weaponized Pseudonymity

“Opinionated” host Danny Nelson explains how he uncovered the coder who weaponized pseudonymity to prop up a DeFi ecosystem.

August 11, 2022

“If DeFi (decentralized finance) is going to work without being subject to the rules of the old systems, then there has to be some sort of accountability. Even in systems where there’s anonymity,” Danny Nelson says.

Nelson breaks down his recent investigative story, “Master of Anons: How a Crypto Developer Faked a DeFi Ecosystem,” with “Opinionated” Ben Schiller and Anna Baydakova. Nelson’s investigative piece uncovered how one Solana ecosystem was largely faked by a pair of brothers and their “anon army,” or their 11 faked anonymous identities. What does this cautionary tale say about allowing the right to pseudonymity, a right deeply ingrained in crypto culture?

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This show is produced and edited by Eleanor Pahl with additional production support and announcements by Michele Musso. Our theme song is by Elision.