Unchained

The Chopping Block: Who’s to Blame for the Curve Hack? - Ep. 526

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Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, Laurence Day, smart-contract sleuth and co-founder of Wildcat Finance, joins the show to discuss the ramifications of the Curve Finance exploit that has the DeFi world talking.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

Show highlights:
  • how Curve Finance, one of the most prominent DeFi protocols, got hacked
  • why maintaining different coding languages and clients is so hard
  • whether developers are responsible for this kind of attack
  • whether Curve founder Michael Egorov’s loans in Aave and Fraxlend have put DeFi at risk
  • how the loan in Fraxlend impacted the liquidation price of the Aave loan
  • Tarun’s reaction to the situation, given that his firm Gauntlet has tried to mitigate these risks in the past
  • how people in the community worked together to keep DeFi safe and resilient
  • why Tarun got canceled on LinkedIn
  • what happened with the BALD meme coin mania on Base
    • Hosts
    • Haseeb Qureshi, managing partner at Dragonfly
    • Tom Schmidt, general partner at Dragonfly
    • Tarun Chitra, managing partner at Robot Ventures

      Guest:

      Laurence Day, co-founder of Wildcat Finance

      Disclosures

        

      Links
      • Unchained:
      • BALD Token Falls 90% Amid Rug Pull Allegations
      • $60 Million in ETH Bridged to Coinbase Layer 2 Base
      • Curve Founder’s Liquidation Could Trigger Chaos for DeFi
      • $52 Million Drained in Curve Finance Pools Exploit
      • Curve Exploit Results in Largest MEV Block Rewards in Ethereum’s History
      • CoinDesk:
      • Curve Founder Deploys New Liquidity Pool to Address FRAX Debt Situation
      • Spooked by Curve Liquidation Threat, DeFi Protocols Shore Up Defenses
      • Aave Should Block Curve Token Borrowing, Risk Management Firm Proposes
      • After the Curve Attack: What's Next for DeFi?


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        UnchainedBy Laura Shin