A major hack in the decentralised finance (DeFi) sector occurred on Saturday after an attacker exploited a cross-chain bridge and drained nearly US$300 million, triggering disruptions across several crypto platforms.

~This episode is sponsored by Tangem~
Tangem ➜ https://bit.ly/TangemPBN
Use Code: "PBN" for Additional Discounts!

Guest: Hugo Philion, CEO Flare Network
Flare Network website➜https://bit.ly/FlareXRP

00:00 intro
00:07 Sponsor: Tangem
00:39 KelpDAO Exploit
01:24 LayerZero To Blame
01:49 Aave illiquid
02:24 Bridges are now toxic
03:02 Unaffected Protocols Are Also Frozen
04:20 Aave April 30th Leverage Incoming?
05:05 Vitalik predicted this
05:36 Ethereum Economic Zone fixing this
06:03 David Schwartz casts doubt on Flare XRP Bridge
06:50 Hugo Philion on LayerZero post-mortem
09:37 $AAVE not worth holding
10:27 Yields vs Risk
11:34 Vault Sentiment collapses
12:25 Aave April 30th risk
13:09 Flare LayerZero exposure
13:53 LayerZero Exploit Explained
14:25 Flare LayerZero safe?
15:23 LRT Token Sentiment
16:01 Aave UI and Communication
16:35 Institutional Products Paused
16:59 Areas of Concern Due to A.I.
17:56 DeFi Limits Incoming!?
19:47 Freezing To Confirm?
20:39 Banking System at Risk?
21:47 Flare security updates
23:54 When will XRP be unfrozen?
25:16 Remaining Skeptical
25:56 ETH & BTC price didn't fall
26:15 outro

#Crypto #XRP #Defi
~DeFi Panic After MASSIVE Exploit!🔥XRP Contagion Exposure?🚨Flare CEO INTERVIEW~
⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺


Become a supporter of this podcast: https://www.spreaker.com/podcast/the-paul-barron-crypto-show--4747781/support.

Join our community!

Barron Market Edge (FREE)➜ https://www.paulbarronnetwork.com/barron-market-edge-signup
Private Telegram Group (FREE) ➜ https://t.me/+nISqoMxrok40NTcx

Subscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribe
X/Twitter 📱 http://bit.ly/PBNtwitter

Get official PBN merch! ➜ https://merch.paulbarronnetwork.com/
~ The Best Self Custody Wallet ➜ https://tangem.com/en/ Use Code PBN for Additional Discounts!
~ The Best Crypto Exchange ➜ Coinbase, get up to $200 in crypto - coinbase-consumer.sjv.io/BARRON
~ Looking for the best tax havens for Crypto? Free Month with iTrust Capital ➜ Use PROMO CODE - PAUL BARRON https://rebrand.ly/PAULBARRON