DeFi hacks, scams and exploits - Michael Rosmer of DEFIYIELD.
London Real
Brian Rose
4.4 • 1.9K Ratings
🗓️ 22 March 2022
⏱️ 6 minutes
🧾️ Download transcript
Summary
Listen to Michael Rosmer discuss some ulterior motives that people have in the crypto space.
Transcript
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| 0:00.0 | Man, I mean, this would help a lot. |
| 0:01.5 | And I'm looking at this sushi evaluation. You've got a security score here. You've got the total issues found. You've got all of these different ways. And boom, like all this data is there. You're showing safety scores, privilege scores, economic scores, social sentiment scores. I mean, it's a lot here. Yeah, yeah. That's version two of the scanner that you're |
| 0:21.2 | showing there, so people can't unfortunately play around with that, but you can play around with the other version of it right now. And I mean, like I said, it's super, it's like magic when you punch it in the first time. I remember going around showing it to people. I was like, hey, check this out, you know, grab this token. I'm like, wow, that's, that's amazing. It's just unlike anything else |
| 0:20.9 | that is out there. It's people. I was like, hey, check this out, you know, grab this token. Like, wow, that's amazing. |
| 0:38.2 | It's just unlike anything else that is out there. |
| 0:40.4 | It's amazing. |
| 0:40.9 | And when I first had our Zoom call with you and Matt and Gabriel, I was like, when you guys showed me that, I was like, wow, you know, you got my attention. And I'm sure that got a lot of people's attention because it was something very special. obviously some real human thought in there some innovation i know you probably have |
| 0:37.7 | AI helping too but it's it's and like you said probably something that special, obviously some real human thought in there, some innovation. I know you probably have |
| 0:54.7 | AI helping too, but it's, it's, and like you said, probably something that maybe someone else |
| 0:59.0 | doesn't recreate in the space. So you have an amazing first move or advantage. One thing I wanted |
| 1:03.3 | to also show while we're on this subject is this rec database, because this is something, |
| 1:08.9 | I guess you've built over time. And maybe you can explain what's on the screen because I've just kind of put it up here |
| 1:14.6 | shows those total funds lost at 3.1 billion. Explain what's going on here. Yeah, so as part of a you know kind of what we're doing for the community, as well as part of building |
| 1:28.3 | the smart contract scanner, we had to go and study how are people losing money. So our team |
| 1:35.7 | keeps track of every major hack and scam that takes place in the industry. And we cataloged them |
| 1:40.7 | here. You can go through and you can sort by, you know, who were the auditors who allowed that to get through. So, you know, you can find out if somebody's maybe a good |
| 1:47.8 | auditor or bad auditor. You can go through and you can see what the types of vulnerabilities |
| 1:52.7 | were there. And our team has manually verified, like gone through the code and said, okay, |
| 1:56.5 | like what happened in this code. And that's allowed us to build a database what we call our |
| 2:01.1 | weaknesspedia of vulnerabilities in smart contracts in order to build this smart |
| 2:06.6 | contract audit scanner so it's a pretty cool thing just to see you know what's |
| 2:10.1 | happening with the wrecked database it's amazing and like you people can go see the |
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