In this episode, we sit down with Oli and Oscar from Red Team, the BitTensor subnet tackling one of GenAI’s biggest threats: synthetic fraud.

Their London-based cybersecurity firm Innerworks already protects major payment platforms and crypto exchanges. But now, with Subnet 61, they’ve built a decentralized R&D engine that uses BitTensor miners to stress-test their own defences - crowdsourcing attacks to stay ahead of adversaries.

We dig into:

• What Red Team actually does (in human language)
• Why AI-powered fraud is exploding - and how SN61 spots it in real time
• The genius way they use miners to simulate attacks before they hit the wild
• How they price and sell the product as a high-margin SaaS play
• Whether this is an “extractive” subnet or not