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a16z crypto show

Bridge Hack, Wallet Hack

a16z crypto show

Andreessen Horowitz

Distributed Computing, Blockchain, Art, Innovation, Web 3, Technology, Culture, Internet, Public Goods, Business, Decentralization, Open Source, Creator Economy, Music, Gaming, Cypherpunk, Visual Arts, Crypto, Arts, Web 3.0, Entertainment, Computing, Computer Science, Blockchains, Entrepreneurship, Ownership, Web3, Cryptography

4.466 Ratings

🗓️ 12 August 2022

⏱️ 52 minutes

🧾️ Download transcript

Summary

with @mg_486662 @riyazdf @nassyweazy and @smc90 We cover two of the most recent, high-profile hacks in the crypto space -- the Nomad bridge hack, and the Slope wallet hack (which affected several users on Solana) -- including a technical breakdown of the what, the how, and how we know. But we also discuss the broader categories, issues related (and not related) to web3 security, as well as open source solutions and advice for builders. Throughout, we try to tease apart what’s hype/ what’s real, and what's signal vs. noise, in the narratives out there.

Transcript

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0:00.0

Welcome to Web 3 with A6 and Z, a show about building the next generation of the internet from the team at A6 and Z crypto.

0:11.0

That includes me, your host, Sonal Choxi.

0:14.0

This show is for anyone, whether developer, engineer, researcher, artist, community manager,

0:18.8

company leader, entrepreneur, policymaker, or others, seeking to understand and go deeper on all things crypto and

0:25.2

Web3.

0:26.3

This week's all new episode digs into recent high profile hacks that took place in the

0:31.4

crypto space over the last week.

0:33.0

We not only dig into the details of what happened,

0:36.0

including a more technical breakdown of the how and how we know,

0:39.0

but we also cover the categories and issues specific to

0:42.0

and not specific to web 3 security as well as solutions

0:46.8

and advice for builders. We also touch on related trends and topics such as the role of

0:51.0

open source, communication around hacks, as well as social media

0:54.9

status signaling, and much more.

0:57.2

Throughout, we try to help tease apart what's hype, what's real, as well as what's signal,

1:02.3

and noise in the narrative out there.

1:04.0

Joining me for that this week are experts from the A6 and Z

1:07.2

crypto security team including security engineer Matt Gleason,

1:10.6

CTO Ria's face-ulaboy, and Cisso, or Chief Information Security Officer Nissim Etykiac, both of whom worked previously at Facebook,

1:18.9

Anchorage, and Docker, and Nase, or Nause, also appeared on an earlier episode of this show on NFTs and

1:24.7

security in case you missed it. But for this episode just to quickly recap for

1:28.6

your context the hacks that were specifically covering are first the hack of the Nomad Bridge, which connects several different

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