CypherTalk

CypherTalk

By Oak SecurityTechnology
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CypherTalk episodes

  • Private Keys: Crypto’s Original Sin, with Griff Green

    Griff Green is back, about six months after his first appearance, and this time Jade and co-host Stefan Beyer get him talking about communal security and where TheDAO Security Fund has got to. Griff runs the fund, founded Giveth and DappNode, led the original DAO white-hat cleanup, and sits on the Arbitrum and ENS Security Councils.

    The line that sticks from this one: private keys are crypto’s original sin. Griff doesn’t hold back on it. It’s 2026, everyone’s been hacked, and the way we still onboard a new person is a raw private key and twelve seed words, where one bad click and it’s all gone. No bank works like that, because nobody would want it to. What he wants instead is vaults, smart-contract wallets, MPC setups like Turnkey (which Giveth now uses), things with daily limits, allowlists and an escape hatch if you get hacked. Non-custodial, but actually safe. He argues crypto could even be safer than a bank, because it can get rid of custodial risk entirely.

    First though, the fund. Round one handed out over $1.6M to 135 projects through quadratic funding, and the big lesson was how many people wanted to chip in for security, and how much they left on the table simply because they didn’t give themselves enough lead time to fundraise. So round two is built differently. Funding comes out against milestones, at least a third of every budget is tied to actual adoption, and an initiative has to raise 25% from the community before it can touch the DAO’s ~400 ETH. Then 200 Ethereum security badge holders vote on what gets funded using participatory budgeting (Stefan, to Griff’s disbelief, didn’t make the badge-holder cut). The whole design is about beating the free-rider problem: only fund the things the community actually puts money behind. The initiatives range from a privacy-preserving EDR tool to a service that screens job applicants for North Korean operatives.

    Then they get into the pound of cure. Griff walks through the KelpDAO exploit, how a LayerZero/RSETH issue let likely North Korean attackers borrow around $71M against duplicated collateral on Arbitrum, and how the Arbitrum Security Council stepped in with an L1 transaction to freeze it. He can’t discuss the internal debate (there’s an NDA), but he’s completely open about where he stands: on “code is law” versus stepping in, he’s an extremist, if you can stop North Korea walking off with $71M, you do it, every time. From there it widens out into the legal headaches that followed, why hackers now bridge funds off-chain to dodge exactly this kind of freeze, and a genuinely sobering stretch on how crypto’s weak security ends up funding real-world harm, from state actors to the scam compounds operating across Southeast Asia.

    Key Topics

    TheDAO Security Fund round two: milestone funding, co-funding as a filter, and badge-holder voting

    The KelpDAO exploit, the Arbitrum Security Council freeze, and “code is law” versus intervention

    Why private keys are crypto’s original sin, and the case for vaults and smart-contract wallets

    Chapters

    00:00 Introduction and Welcoming Griff Back

    01:03 Griff’s Origin Story: The DAO, Giveth, and DappNode

    04:11 TheDAO Security Fund: From the 2016 Cleanup to Today

    07:21 Staking Rewards, Not Principal: How the Fund Works

    09:51 Round One in Review: $1.6M, 135 Projects, and the Appetite to Fund Security

    11:16 Why Round Two Is Different: Lead Time and Leaving Money on the Table

    14:37 Solving the Free-Rider Problem: Co-Funding as a Filter

    16:52 Adoption Milestones and Starting Small Businesses, Not Just Tools

    21:05 How Initiatives Are Ranked: 200 Badge Holders and Participatory Budgeting

    26:27 Real-Time Results and Leaning Into Community Signal

    31:43 How to Get Involved

    41:44 Shared Infrastructure: Why One Team’s Weakness Hits Everyone

    43:05 The KelpDAO Exploit and the Arbitrum Security Council Freeze

    49:19 The Legal Challenge and the Wider Impact of Intervention

    53:03 Where Griff Draws the Line on Intervention

    56:16 Is Crypto a Net Positive? Scam Compounds and Funding Atrocities

    01:00:38 The Most Underfunded Security Issue: Wallets

    01:04:32 Beyond the EOA: Vaults, Turnkey, and Smart-Contract Wallets

    01:07:16 Hardware Wallets, Ledger Spyware, and Why Vaults Still Win

    Resources and Links

    Griff’s first episode: https://www.podbean.com/ep/pb-fzeke-1a801d4 

    Griff on X: https://x.com/griffgreen

    TheDAO Security Fund: https://initiatives.thedao.fund

    SEAL 911 (Telegram): @seal_911_bot

    Oak Security’s Research: https://research.oaksecurity.io/

    1 hr 5 min
  • The Quantum Security Threat with Colton Dillion & Dr. Richard Carback from Quip Protocol

    Title: The Quantum Threat, and Learning to Love It, with Colton Dillion & Dr. Richard Carback (Quip)

    Jade Doherty and Stefan Beyer speak to Colton Dillion and Dr. Richard Carback of Quip, the team building what they call the worldwide quantum computer. Quip is both a fix for the post-quantum problem and a marketplace monetising idle time on quantum computers, with quantum-resistant wallets that wrap existing ones on Ethereum, Solana, and a Bitcoin L2.

    The heart of the episode is the timeline. Rick walks through how Quip’s Quantum Doomsday Clock lands on roughly March 2028, the collision of two underestimated forces: exponential qubit growth and error-rate reduction, which has crushed the estimated requirement from 20 million qubits to IonQ’s claimed 20,000. Stefan presses on how much is hype versus real threat in a field as closed as the AI labs, and it turns genuinely unnerving: a quantum break is indistinguishable from any ordinary hack, there are 6-7 million vulnerable Bitcoin addresses (including two Binance wallets holding ~$20B), and Colton sketches a plausible attack where someone quietly drains old whale wallets, buys puts, then reveals Satoshi’s coins have moved.

    But why should you “stop worrying and learn to love the quantum.”? They make the case for defense-in-depth and hybrid signatures (where the fallback is never worse than today), why this is Y2K-like, a real deadline with no fixed date, likely a large no-op precisely because serious people are acting. They cover the roadmaps underway (Bitcoin’s BIP 360, Ethereum, Solana), looming government mandates, why insurance markets will price this before regulators, and the hard problem of upgrading not one chain but every bridge, oracle, and validator set.

    Rick is clear that Quip is not a privacy project and isn’t inventing exotic maths, deliberately using vanilla, battle-tested constructions, because, as Stefan notes, real-world losses come from operational mistakes, not broken cryptography. The episode closes on Quip’s products (the bridgeless QuipSwap protocol Oak audited, proof of useful work, a quantum randomness function) and the brighter side of quantum: chemical modelling, materials simulation, and one day simulating the universe.

    Key Topics

    The quantum threat timeline, and why a break looks exactly like an ordinary hack

    Hybrid signatures, defense-in-depth, and the migration problem across chains

    Quip’s “worldwide quantum computer”: quantum-resistant wallets, proof of useful work, and the compute marketplace

    Chapters

    00:00 Introduction and Two Very Different Backgrounds

    02:09 What Quip Is: Post-Quantum Fix and Quantum Marketplace

    04:59 From a Defense Project to “Harvest Now, Decrypt Later”

    07:04 The Quantum Doomsday Clock: How You Get to March 2028

    08:36 Exponential Growth, Error Rates, and the Collapsing Qubit Count

    12:43 How Much Is Hype vs Real Threat?

    17:24 Are the Vendors Holding Back? The Secret-Facility Question

    20:40 What It Means for Blockchains: Vulnerable Addresses and a Plausible Attack

    23:30 Rescuing Wallets, Zero-Knowledge Seed Proofs, and Chain Roadmaps

    25:16 The Missing Deadline: Why This Is Harder Than Y2K

    30:51 Privacy, Built In From the Start

    35:07 Selling Quantum Security Without Fear-Marketing

    38:00 Quantum Resistance as an Insurance Policy, and Government Mandates

    40:36 Can Decentralised Communities Fix This in Time?

    48:33 Quip’s Products: Wallets, QuipSwap, Proof of Useful Work, QVRF

    53:53 Open-Source Tools for Developers

    57:21 The One Thing to Do in the Next 12 Months

    01:01:00 Learning to Love the Quantum: The Upside

    Resources and Links

    Colton on X: https://x.com/cadillion

    Rick on X: https://x.com/rcarback 

    Quip Network: https://quip.network

    Oak Security’s Research: https://research.oaksecurity.io/

     

    58 min
  • The Brave Browser with Kyle Den Hartog

    Have you heard of Brave? Today we are joined by Kyle Den Hartog, a security engineer at the privacy browser. His path runs from penetration testing to self-sovereign identity to Web3, and that bridge between the Web2 and Web3 worlds runs through the whole conversation.

    They start with how Brave made privacy mainstream: sane defaults and treating privacy as an emergent property that has to be fought for at every layer, with surveillance capitalism as the threat model rather than Tor-style maximalism. From there, why the biggest problems are no longer smart-contract bugs but browser and interface attacks, and a sharp point about domain expertise: crypto wallet teams often don't realise the browser already solves their problems (MetaMask's phishing list vs Safe Browsing, Rabby leaking browsing history vs hash-prefixing). It's also why Brave built its wallet into the browser rather than as an extension.

    The most provocative stretch is Kyle's argument that Web3 is accidentally reintroducing cross-origin tracking. A wallet address is just a cookie: shared across sites on "connect," and far more revealing than any third-party cookie because it exposes where, when, and how much you spend. His fix is the thick client, moving transaction-building into the wallet so untrusted sites never receive the address.

    The conversation then ranges across why zero-knowledge proofs aren't the panacea they're treated as (the "20 questions" problem), how ZK-gated compliance can recreate the gatekeeping Web3 set out to escape, why the early internet's lack of an identity layer was a feature, and a thoughtful take on age verification. Kyle closes on what Web2 and Web3 get wrong about each other, and his practical privacy advice beyond switching to Brave: a reputable audited VPN, then moving off the platforms that track you most.

    Key Topics

    How Brave made privacy mainstream, and the browser as the real attack surface

    Why a wallet address is the new tracking cookie, and the "thick client" fix

    The limits of zero-knowledge proofs, identity, and getting age verification right

    Chapters

    00:00 Introduction

    00:35 From Penetration Testing to Self-Sovereign Identity to Brave

    01:49 Making Privacy Mainstream: Sane Defaults and Emergent Privacy

    04:34 The Brave Wallet, BAT, and Rethinking What the Infrastructure Is For

    07:07 The Browser as Attack Surface: What Browsers Can Actually Do

    10:06 Why Crypto Wallet Teams Miss What the Browser Already Solves

    13:55 Why the Brave Wallet Is Built In, Not an Extension

    16:02 Web2 Guy or Web3 Guy? Why Brave Over a Pure Web3 Protocol

    19:05 How the Brave Wallet Compares, and the Pivot to Payments

    21:56 How Web3 Is Reintroducing Cross-Origin Tracking

    24:55 The Wallet as Cookie: Leaking Where You Spend Your Money

    26:59 The "Thick Client" Fix

    29:47 Are Zero-Knowledge Proofs a Silver Bullet? The 20 Questions Problem

    34:20 Recreating Centralised Gatekeeping and the KYC Tension

    38:27 Why the Early Internet Had No Identity Layer

    42:00 Getting Age Verification Right: Moderation vs Who Decides

    49:02 AI at Brave, and AI as a Tool

    50:36 What Web2 and Web3 Get Wrong About Each Other

    52:31 Practical Privacy Advice Beyond Switching to Brave

    54:12 Where to Find Kyle, and What's Next for the Wallet

    Resources and Links

    Kyle on X: https://x.com/PryvitKyle

    Kyle's website and blog: https://kyledenhartog.com

    Brave: https://brave.com

    Oak Security's Research: https://research.oaksecurity.io/

     

    53 min
  • Justus Hanna on AI Bug Hunting

    Jade Doherty and Stefan Beyer speak to Justus Hanna, co-founder and CEO of Grego AI, a bug bounty hunter turned founder building AI that finds vulnerabilities human auditors miss.

    Justus's path runs from hacking Novell networks as a kid, to Bitcoin in 2011, to picking up bug bounty hunting from scratch after a Wall Street layoff. The turning point came when his future co-founder showed him a system that found a high-severity bug in Lido's dual governance module, at a moment when every other AI bug hunter was producing pure slop. What sold him: the AI found bugs humans couldn't, faster and cheaper.

    He explains Deep Invariant Analysis as a proprietary harness orchestrating hundreds of specialised agents across many models, built to go five or six layers deep into complex systems and chain exploits a human would be very unlikely to reach. They tackle the big claims head-on: the $27.7M exploit prevented, the $250K bounty, why the protocol stayed unnamed, and the awkward truth that verifying an "AI-only" find still comes down to reputation.

    On the anxiety every auditor feels, Justus argues the harness is the moat, precisely because it's model-agnostic, and there's a candid detour on frontier-lab hype and safety theatre. The episode closes philosophically: his vision of an always-on "security operating system", and his advice to researchers, don't skip the manual apprenticeship. Learn the craft from first principles, then use AI as a superpower on top. Be Iron Man, not obsolete.

    Key Topics

    AI-assisted vulnerability discovery, Deep Invariant Analysis, and the harness-as-moat

    Verifying AI-found bugs, disclosure, and the incentive problem in bug bounties

    The future of the human auditor, and security as an always-on operating system

    Chapters

    00:00 Introduction

    00:24 From Novell Networks and Bitcoin to Bug Bounty Hunting

    02:17 The Turning Point: Seeing Greg's System Find a Lido Bug

    04:57 The Moment AI Beat the Human: Report Depth, PoCs, and Speed

    06:29 What's Actually Different: Going Five or Six Layers Deep

    10:58 Deep Invariant Analysis, the Harness, and Coordinating Agents

    13:59 The 48-Hour Guarantee and the Human-in-the-Loop

    15:43 The $27.7M Exploit, the $250K Bounty, and Verifying AI Findings

    19:50 Bugs in Heavily-Audited Protocols: Is the Human Auditor Cooked?

    24:39 Will the Models Eat the Harness? Why the Harness Is the Moat

    27:26 Frontier Lab Hype, Safety Theatre, and IPO Incentives

    28:24 The Vision: A Security Operating System Beyond Web3

    31:52 The Attacker-Defender Asymmetry and Safeguards on Models

    34:38 The Incentive Problem and Aligning White-Hat Rewards

    37:09 False Positives, Slop, and Disclosure Bottlenecks

    39:20 What a Major AI Lab Wanted to Know

    41:02 The Role of Security Professionals in Two Years

    45:22 The Apprenticeship Question: Learning the Craft Before the Tools

    48:03 Training Juniors, CTFs, and Spotting AI-Generated Work

    49:45 Where to Find Justus and Grego AI

    Resources and Links

    Justus on X: https://x.com/0xriptide

    Grego AI: https://grego.ai

    Oak Security's Research: https://research.oaksecurity.io/

     

    47 min
  • Security at Arbitrum with Lorenzo Sicilia

    Jade Doherty and Stefan Beyer speak to Lorenzo Sicilia, Head of Technology at the Arbitrum Foundation, whose path into crypto runs through ConsenSys, Casval, and Outlier Ventures.

    They open with the distinction that shapes everything else: the Foundation is the steward and legal wrapper of the DAO, not the team behind the tech. Lorenzo unpacks how it ran the Arbitrum Audit Program on the DAO's behalf, vetting a shortlist of thirteen audit firms and funding early-stage teams, and gets into the hard parts with Stefan: the "rubber stamp" risk when a Foundation-blessed audit becomes a trust signal, the friction of re-auditing when each iteration costs $50K to $250K, and the brutal cost-per-line metric the program can now benchmark across firms.

    On security responsibility, Lorenzo is precise: the Foundation has none in the formal sense. Incidents fall to a 12-member Security Council, elected and rotated by the DAO. From there the conversation turns to what keeps him up at night, the L1-L2 trust boundary and the bridge, and why fraud proofs through BoLD have improved the picture, landing on his own preference for "code is law" while acknowledging where reality forces harder trade-offs.

    The technical heart is Stylus, Arbitrum's WASM environment for writing contracts in Rust alongside the EVM. Lorenzo is unromantic about it: a second runtime widens the attack surface, and while safe Rust has real advantages, no language removes the authorisation, economic, and oracle pitfalls that actually cause losses, treating any language as "safe" is a mental trap. The episode also covers the freshly-shipped ZK-on-BoLD upgrade, the road to real-time proving, and why AI currently hands the red team a big advantage over the blue team, though Lorenzo is optimistic defenders can turn the same tooling back on their own code.

    He closes with hard-won advice: authenticity and persistence over a polished demo, understand your oracles and dependencies, get key management right, and know when to switch from "fake it till you make it" to full paranoia, because in this industry, you don't get a discount.

    Key Topics

    The Arbitrum Audit Program, and the "rubber stamp" problem with Foundation-backed audits

    Decentralised security responsibility: the Security Council, the L1-L2 boundary, and BoLD

    Stylus and WASM security, ZK-on-BoLD, real-time proving, and AI's red-team advantage

    Chapters

    00:00 Introduction

    00:35 From ConsenSys and Outlier Ventures to the Arbitrum Foundation

    04:11 What the Foundation Actually Does, and How It Differs from Offchain Labs

    06:50 The Audit Program: How It Works and Who Funds It

    10:18 The "Rubber Stamp" Problem and Vetting Audit Firms

    13:18 Early-Stage vs Mature Teams: Who the Program Is For

    14:54 What's Next: Additional Tools, AI, and the Limits of Scope

    17:15 Lessons From the First Iteration, and Cost-Per-Line Benchmarking

    21:11 The Foundation's Responsibility and the Security Council

    24:49 What Keeps Him Up at Night: The L1-L2 Boundary and Bridges

    29:16 Security Policy, Bug Bounties, and Disclosure Across the Ecosystem

    30:48 Stylus: Does a WASM Runtime Widen the Attack Surface?

    34:49 Safe Rust vs Solidity, Tooling Gaps, and the "Mental Trap"

    39:13 Adding ZK to BoLD, and the Multi-Prover Approach

    42:20 Real-Time Proving and Where Arbitrum Is Heading

    45:20 ZK for Compression vs ZK for Privacy

    46:24 AI in 2026: Red Team vs Blue Team, and AI Slop

    50:31 Judging Teams: Authenticity, Resilience, and Real Problems

    53:33 The Biggest Security Mistakes New Teams Make

    55:25 The Foundation's Security Vision for the Next Few Years

    57:52 One Piece of Advice: Dependencies, Keys, and Knowing When to Get Paranoid

    Resources and Links

    Lorenzo on X: https://x.com/aboutlo

    Arbitrum: https://arbitrum.io

    Oak Security's Research: https://research.oaksecurity.io/

     

    51 min
  • Robert de Groot and Web3 Privacy Now

    Jade and Stefan speak to Robert de Groot, a core contributor to Web3Privacy Now, the research collective and think tank behind the Cypherpunk Congress, and CFO at Gain.

    Robert starts from an unexpected place: privacy isn't really about hiding; it's about autonomy, the ability to choose what you reveal, to whom, when, and in what form. He connects it to something bigger than data leakage, the loss of the room to experiment and to fail, and the quiet self-censorship that creeps in when everything is recorded. From there the conversation opens onto the spectrum of privacy, from the journalist in a conflict zone who will work from a terminal if it keeps them alive, to the rest of us who just want a group chat that isn't intercepted and won't tolerate bad UX to get it.

    A big thread is the gap between personal privacy and business compliance, and why the two still don't align. Robert explains how Web3Privacy Now evaluates the 800-plus projects in its Explorer (the "hard variables," verifiable code over marketing claims), why "zero knowledge" and "private" have become marketing terms, and why privacy adoption lags even when the tooling is ready, the preventive-measure problem, the group effect, and cookie-banner fatigue. On the compliance side, he maps the middle ground: opt-in reporting, viewing keys, and selective disclosure (picking up the thread from our Jordi Baylina episode), including a one-time key you could hand your tax auditor and be notified when it's used. 

    He argues privacy will increasingly become a market-integrity feature, not just a civil-liberties one, shielding transaction amounts from competitors and MEV bots while keeping endpoints verifiable, and he closes on RWAs, why so many tokenisation projects quietly died on double-accounting overhead, and what "compliant by default" finally changes.

    Key Topics

    Privacy as autonomy, and the spectrum from uncompromisable to everyday

    The gap between personal privacy and business compliance, and the middle-ground tools that bridge it

    Privacy as a market-integrity feature for RWAs and institutional adoption

    Chapters

    00:00 Introduction

    01:06 Why He Started Worrying About Privacy: Autonomy and Self-Censorship

    04:58 Surveillance, Society, and the Loss of Room to Fail

    06:01 What the Ethereum Community Really Thinks About Privacy

    08:36 The Gap Between Personal Privacy and Business Compliance

    10:54 What Web3Privacy Now Actually Does

    13:45 Evaluating Projects: Hard Variables and Verifiable Code

    17:01 When "Zero Knowledge" and "Private" Are Just Marketing

    19:39 The Cypherpunk Congress and Why Privacy Matters Now

    24:00 Tooling Is Ready, So Why Does Adoption Lag?

    28:49 Compartmentalization, Intent, and Privacy by Default

    34:38 GDPR, Cookie Fatigue, and Whether Regulation Backfires

    39:49 Privacy vs Compliance: Does Privacy Make Regulators Nervous?

    42:14 The Middle Ground: Opt-In Reporting, Viewing Keys, Selective Disclosure

    45:31 Selective Disclosure and the Jordi Baylina Thread

    46:10 RWAs, Institutions, and Why Tokenisation Projects Kept Dying

    53:03 Privacy as a Market-Integrity Feature: MEV, Front-Running, and Competition Law

    55:43 The Most Useful Thing an Ordinary Person Can Do

    58:30 Where to Find Robert

    Resources and Links

    Robert on X: https://x.com/robdotrego

    Web3Privacy Now: https://web3privacy.info

    Cypherpunk Congress: https://congress.web3privacy.info/

    Event: https://luma.com/spsnos9t

    Oak Security's Research: https://research.oaksecurity.io/

    45 min
  • Privacy and Institutional Use Cases with Emanuele Francioni

    After several episodes focused on security, this one turns to privacy, with Emanuele Francioni, co-founder and CEO of Dusk, a blockchain built for privacy and institutional use cases.

    Emanuele traces the through-line from a contrarian 2018 thesis to a live network to abstract financial instruments away from the intermediaries that leak both value and data. A core thread is the counterintuitive relationship between privacy and regulation. He disentangles anonymity from confidentiality, shows how privacy actually underpins rules like GDPR, DORA, and insider-trading law, and explains how Dusk encodes KYC, jurisdiction, and limits directly into the protocol.

    Then it gets harder: on a privacy chain, a vulnerability can be exploited in the dark. Emanuele uses the recent Zcash unbounded-mint bug to explain why Dusk's approach has to be proactive, why the team shipped three security upgrades this year (Aegis and Boreas among them), and why simplicity is the best safeguard. On the AI arms race he's candid, seeing Fable in action for three days genuinely scared him, but his conclusion is pointed: AI doesn't replace security expertise; it makes it more valuable.

    Key Topics

    Privacy vs confidentiality vs anonymity, and why privacy underpins regulation

    Encoding regulatory compliance directly into a protocol

    Securing a privacy-preserving chain, and the AI arms race in security

    Chapters

    00:00 Introduction

    01:05 Founding Dusk in 2018 and the Road to PLONK

    07:14 How Privacy Fits the Regulatory Space

    08:00 Anonymity vs Confidentiality: Disentangling "Privacy"

    15:11 Selective Disclosure and Working With Regulators

    21:30 Encoding KYC, Jurisdiction, and Limits Into the Protocol

    24:25 How Privacy Changes the Approach to Security

    27:12 The Zcash Unbounded-Mint Bug and Why Privacy Must Be Proactive

    29:30 The Security Arms Race and Five Attack Attempts This Year

    34:50 Why Simplicity Is the Best Safeguard

    36:12 The Complexity Trade-Off: Custom VM, Sandboxing, Immutable Contracts

    40:14 Shrinking the Layer One: Dusk EVM and a Privacy-Preserving L2

    43:21 The AI Arms Race: Aegis, Boreas, and Restructuring Into "Pods"

    50:22 Cross-Pollination: Pulling Ideas From Biology Into Software

    55:10 Where AI Helps in Security, and Where Humans Still Matter

    1:02:19 Oak's Research: Minor Human Intervention, Completely Different Output

    1:04:27 Surprising Findings in Aegis: the BLS Truncation Bug

    1:06:45 Boreas: a Live Incident and Real-Time Response

    1:11:00 Operational Security, Supply Chain, and AI-Era Hiring

    1:16:56 Wrap-Up

    Resources and Links

    Emanuele on X: https://x.com/autholykos

    Dusk: https://dusk.network

    Oak Security's Research: https://research.oaksecurity.io/

     

    57 min
  • Antonio Viggiano on how Monad is Using AI for Security

    Most of our guests come at security from the outside, as auditors and researchers. Antonio Viggiano sits on the other side of the table: he's a Senior Security Engineer at the Monad Foundation, working on protocol fuzzing for the chain's consensus and execution clients.

    Monad's architecture makes that a genuinely different problem. Unlike Ethereum, with its many interchangeable clients, Monad has a single pair: a C++ execution client and a Rust consensus client, both built by Category Labs. That tight coupling buys optimisations, but it also means a bug that looks real in one client is often quietly mitigated by the other. Test one in isolation and you drown in false positives.

    That's where Monad Bugfinder came from, and the origin story is the opposite of what most people assume. It didn't start as a bug finder at all. It started as a triager, because the team was being flooded with AI-generated reports: convincing write-ups, plausible proofs of concept, and hours of human time spent working out which ones were real. Bug hunters optimise for recall. When you're the one receiving the reports, you need precision. Antonio walks through the validation gates that made the difference, why AI has a higher false positive rate than humans, and why the best human reviewers still find twice as many bugs as the best AI systems.

    Key Topics

    AI-assisted vulnerability discovery and triage

    Invariant testing and protocol fuzzing

    In-house security teams at protocols

    Chapters

    00:00 Introduction

    00:38 From Solidity Developer to Security Engineer

    03:10 Founding Recon and Cloud Fuzzing

    04:39 What Is Invariant Testing?

    06:38 Fuzzing Smart Contracts vs Blockchain Clients

    08:41 Tooling Maturity and System Complexity

    09:47 Extracting Invariants at the Protocol Level

    11:11 Why Most DeFi Teams Don't Know Their Properties

    13:29 Monad's Architecture: Two Clients, Tightly Coupled

    16:29 Why Single-Client Bugs Create False Positives

    17:21 Monad Bugfinder: Why It Started as a Triager

    20:19 Precision vs Recall: Finding Bugs vs Receiving Reports

    23:54 Inside the Triage Process

    25:59 Reconstructing Proofs of Concept End-to-End

    27:13 Should Smaller Teams Build Their Own?

    30:06 Build vs Buy, and the Attackers Building It Too

    32:27 Validation Gates: EIP Support and Differential Testing

    35:49 Testing Against Geth and Nethermind

    37:43 Local Clusters and Controllable Validators

    42:00 Do AI Reports Have More False Positives?

    44:37 The Economics: AI Tokens vs Audit Firms

    47:47 Why Humans Still Find Twice as Many Bugs

    48:14 When Your Scaffolding Goes Stale

    51:52 Offense vs Defense and the Human Weak Link

    54:27 The Roadmap: Making the System Generic

    56:51 UltraFuzz: Agentic Fuzzing for Solidity

    1:00:32 Specifications, Spec Drift, and AI-Written Code

    1:04:08 Will AI Ever Write Bug-Free Code?

    1:09:45 Where to Find Antonio

    Resources and Links

    Antonio's X: https://x.com/aviggiano

    Monad Bugfinder blog post: https://blog.monad.xyz/blog/monad-bugfinder

    UltraFuzz blog post: https://www.monad.xyz/blog/ultrafuzz 

    Monad: https://monad.xyz

    Oak Security's Research: https://research.oaksecurity.io/

    55 min
  • AI Asssited Security with Prof. Arthur Gervais

    What does it actually mean to be "obsessed with AI for security"? In this episode of CypherTalk, Jade and co-host Stefan Beyer sit down with Prof. Arthur Gervais (UCL, affiliate faculty at UC Berkeley), known for foundational work on MEV, flash loan attacks, and AI-powered smart-contract security.

    Arthur's core conviction sets the tone: AI is not a zero-sum game. Strong researchers can now find vulnerabilities ten times faster, and the right response is to onboard everyone as fast as possible rather than lock the tools down. The conversation goes deep on A1, the agentic system his team built that turns any LLM into an end-to-end exploit generator with one unambiguous goal: generate a profit. The hard part, he stresses, isn't building it, it's target selection.

     

    Key Topics

    AI for security enhancement

    AI-assisted vulnerability detection

    Real-time blockchain exploit detection

     

    Chapters

    00:00 Introduction to AI and Security

    02:29 Arthur's Journey into Information Security

    05:05 The Role of AI in Security

    07:22 A1: The AI Agent for Exploit Generation

    09:38 Autonomy and Ethics of AI Agents

    11:53 Harnessing AI for Security Audits

    14:15 The Evolution of LLMs and Their Impact

    16:33 Dealing with False Positives in AI Security

    19:06 The Academic Perspective on AI Research

    21:42 Comparing LLMs for Security Tasks

    24:05 Future Directions in AI and Security

    25:26 The Power Dynamics in AI and Cybersecurity

    29:04 Balancing Offensive and Defensive Strategies in AI

    31:44 Real-Time Defense Mechanisms in Cybersecurity

    34:20 The Role of Tooling in Smart Contract Security

    39:04 Human Error vs. Automated Security Tools

    41:24 AI's Impact on Social Engineering and Human Error

    42:53 Emerging Threats from AI in Cybersecurity

    44:17 Teaching Blockchain Security: Common Misconceptions

    45:23 Future Directions in Blockchain Security Research

     

    Resources and Links

    Arthur’s website: https://arthurgervais.com/

    Arthur’s Google Scholar: https://scholar.google.ch/citations?hl=en&user=jLr_xi4AAAAJ&view_op=list_works&sortby=pubdate

    Arthur’s X: https://x.com/HatforceSec

    Oak Security’s Research: https://research.oaksecurity.io/ 

     

    49 min
  • Peter Kacherginsky's Quaterly Take on Web3 Security

    In this episode, Jade Doherty and Stefan Beyer interview Peter Kacherginsky, founder of BlockThreat, on his quarterly take on blockchain security and recent exploits. They discuss how to utilize threat intelligence, the shift from smart contracts to operational attacks, and the role of AI in cybersecurity.

    Topics

    • The shift from smart contract exploits to operational and infrastructure attacks
    • The impact of AI on cybersecurity and defense strategies
    • The importance of architectural security and threat modeling
    • The role of community funding and ethical research in security
    • Predictions for upcoming security challenges in crypto
    •  

      Chapters

      00:00 Introduction to Block Threat and Peter Kachaginski

      01:42 Utilizing Threat Intelligence Effectively

      04:31 The Impact of Market Conditions on Security

      07:43 Shifts in Attack Vectors: From Smart Contracts to Infrastructure

      09:35 Analyzing Major Hacks: Drift and Kelp DAO

      13:36 The Importance of Architectural Security

      16:47 The Evolving Role of Ethical Security Researchers

      20:58 The Future of Security in a Rapidly Changing Landscape

      30:10 Navigating Ransomware and Legal Implications

      34:41 AI's Role in DeFi Security

      43:27 Community-Driven Security Initiatives

      49:25 Building a Security Mindset in Teams

      51:48 The Centralization Dilemma in Security

       

      Resources

      Block Threat Newsletter - https://blockthreat.com 

      Oak Security’s report - https://research.oaksecurity.io/ 

      Peter’s X - https://x.com/iphelix 

      56 min

    About CypherTalk

    From the publisher's feed

    CypherTalk is a twice-monthly podcast on the realities of cybersecurity and privacy in a world that’s moving faster than our defenses.