THE HASH: Headlines - Top Stories of the Week 09-24-22
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 24 September 2022
⏱️ 29 minutes
🧾️ Download transcript
Summary
A roundup of the week’s most valuable crypto stories for Saturday, Sept. 24, 2022.
Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.
“Hash Headlines” rounds up this week’s headline stories, including:
- Crypto Market Maker Wintermute Hacked for $160M
- Iran to Start Testing a Digital Rial Soon
- Coinbase Allegedly Created Its Own Proprietary Trading Firm with $100M Transaction
- Stakefish Employees Are Fired on the Same Day of Ethereum Merge
Links to the headlines:
Crypto Market Maker Wintermute Hacked for $160M, OTC Services Unaffected
Iran to Start Testing a Digital Rial This Week
Coinbase Completed $100M Transaction to Test Proprietary Trading: Report
Ethereum Merge Vastly Increased Stakefish’s Profile, but 25% of Its Employees Are Gone Anyway
I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas
This episode has been produced and edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.”
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Transcript
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| 0:00.0 | You're listening to the HASH headlines on the CoinDest Podcast Network. |
| 0:08.3 | Get caught up on this week's top stories from the HASH crew. |
| 0:14.2 | And just a reminder, CoinDesk is a new source and does not provide investment advice. |
| 0:24.5 | Tuesdays. a new source and does not provide investment advice. Tuesday's top story. |
| 0:28.9 | All right, let's talk about this story. |
| 0:30.6 | So, the Ethereum merge went pretty smooth last week, which was great. |
| 0:33.8 | Was it last week that it happened? |
| 0:35.2 | Crypto just moved so fast. |
| 0:36.2 | But unfortunately, we have this story as crypto market maker. Wintermute has lost $160 million in a hack relating to its |
| 0:43.1 | defy operations. Their OTC services have not been affected by the hack. But they provide billions of dollars |
| 0:50.9 | in the market every day as they provide liquidity across multiple venues. |
| 0:54.9 | And last week, the platform was named as the official defy market maker for the Tron Network. |
| 1:00.2 | And they're treating this as a white hat hack. |
| 1:03.3 | And apparently this happened because the hacker took advantage of discovered vanity addresses. |
| 1:10.7 | And there was a vulnerability. |
| 1:12.4 | So unfortunately, another day, another hack in crypto. |
| 1:16.5 | I want to throw this over to Will for being sassy this morning. |
| 1:20.6 | Yeah, I guess that's pretty well with me being sassy and people losing money. |
| 1:24.9 | But that is what happens in Defi, right? |
| 1:26.8 | We've seen a lot of these stories this year, regardless of how smooth emerges, applications on top can still be in a |
| 1:32.6 | precarious position because we're still learning how these things work. We've seen a lot of exploits this |
| 1:36.7 | year and this one just follows up on more of those. $160 million is obviously nothing to sneeze |
... |
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