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CARPE CONSENSUS: Was the Curve Finance Exploit a Failure of DeFi Self-Regulation?

CoinDesk Podcast Network

CoinDesk

News, Daily News, Tech News, Business News

4.7 • 698 Ratings

🗓️ 3 August 2023

⏱️ 22 minutes

🧾️ Download transcript

Summary

Plus, details on the U.S. Securities and Exchange Commission’s lawsuit against Richard Heart, Hex and PulseChain. On “Carpe Consensus,” hosts Ben Schiller, Danny Nelson and Cam Thompson dive into the latest crypto news. [0:23] Inside the Desk: Danny explains how the Curve Finance exploit unfolded and what could have prevented it, while Ben checks in on the SEC’s lawsuit against crypto personality Richard Heart. [15:39] Cam’s Corner: Web3 wallet Suku is attempting to remove barriers to entry by integrating crypto wallets with X, formerly known as Twitter. “Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

This is Carpe Consensus.

0:11.0

Join hosts Ben Schiller, Danny Nelson, and Cam Thompson as they seize the world of crypto.

0:22.9

Hello and welcome to Carpe Consensus.

0:25.4

This is a podcast from the CoinDest Podcast Network, and I am Ben Shiller and the

0:29.3

features editor here at CoinDest.

0:30.7

And joining me today is Danny Nelson.

0:32.4

Hi, Danny Nelson.

0:33.3

Hello to Danny Nelson indeed.

0:35.6

You are indeed, Danny Nelson.

0:37.2

Can you confirm that very fact?

0:39.0

I think so. I don't know. I haven't gotten my orbs. I'm sorry, I haven't gotten my retinas scanned yet by the

0:45.0

orb coin people. So who knows if I really am who I say, I'm so you just have to take my word for it.

0:50.4

That's true. I mean, what would we do with that world coin as to prove our identity? We have no idea who anyone is. If we couldn't prove it. That's true. I mean, what would we do with that World Coin as to prove our identity? We have no

0:55.9

idea who anyone is. If we couldn't prove it, Danny could either be in Binance court or he could be

1:01.8

doing some NHL practice, you know? Too many Danny Nelson's out there. I abide by the laws of quantum

1:07.5

mechanics and I am in all places at once. That slightly higher soundingsounding voice was the voice of Cam Thompson. Do you exist, Cam Thompson?

1:15.2

I don't know. Could just be a glitch in the crypto simulation, but as far as I know, I am here.

1:21.9

Ready to talk about some crazy crypto news that's happened in the past week, so.

1:27.3

So none of us can prove we exist, but we are here to talk about crypto news that's happened in the past week. So none of us can prove we exist, but we are

1:29.2

here to talk about crypto news and everything that is included in that innocuous sounding phrase.

1:35.3

So, Danny, the latest news today is about Curve, which is a decentralized finance protocol,

1:42.7

and it's in some hot water. Do you want to explain about that?

...

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