Crypto's No-Fun Hack Week
Exploits of Nomad and Slope Wallet led to millions of losses this week.
Host
Published on: Aug 5, 2022
This episode is sponsored by Nexo.io, Chainalysis and FTX US.
One of the biggest challenges to the mainstreaming of crypto is the propensity for novel protocols to be exploited. This week, the Nomad bridge was drained of some $200 million while another vulnerability led to more than 10,000 wallets (largely but not exclusively holding Solana's SOL) being attacked. NLW looks at what happens and what the industry thinks the lessons are.
“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Boris Zhitkov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
Other Episodes
The Arrest Heard Round the World
Aug 15, 2022
Why Economic Wars Are Inflationary
Aug 14, 2022
Have We Passed Peak Inflation?
Aug 10, 2022
Is the Jobs Report Hiding Economic Weakness?
Aug 9, 2022
