Michael Pearl interviews Elise Soucie Watts, the Executive Director at Global Digital Finance.

They discuss the evolving landscape of security, fraud, and compliance in the Web3 space, emphasizing the importance of a compliance-first approach for crypto firms.

Elise shares insights from her background in counterterrorism and her work at the FCA, highlighting the need for regulatory frameworks that protect consumers while allowing for innovation.

The conversation also touches on the challenges of fraud prevention, particularly in relation to pig butchering scams, and the role of regulators in ensuring cyber resilience within the industry.

Michael Pearl interviews Vugar Usi Zade, COO of Bitget, discussing the importance of security, compliance, and fraud prevention in the cryptocurrency space.

Vugar shares his personal journey into crypto, the role of Bitget in promoting financial inclusion, and the exchange's security practices to protect users from fraud and scams.

The conversation highlights the challenges and responsibilities of crypto exchanges in ensuring user safety and the industry's evolution towards greater security measures.(01:39) Vugar's Journey into Crypto
(05:21) The Importance of Financial Freedom in Crypto
(08:38) Overview of BitGat's Operations and User Base
(13:13) Security Challenges in the Crypto Space
(14:24) Bitget's Security Measures and Protocols
(24:54) Addressing Fraud and Scams in Crypto
(35:37) Conclusion and Final Thoughts

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Michael Pearl interviews Nick Wright, the Chief Legal Officer at VALR, South Africa's largest crypto exchange.

They discuss Nick's unique journey from marine biology to the world of crypto law, the regulatory landscape in South Africa, and the challenges of compliance in the rapidly evolving crypto market.

Nick shares insights into VALR's operations, user base, and the importance of anti-money laundering practices. The conversation also delves into fraud prevention strategies, the impact of mixers on transactions, and VALR's plans for global expansion.

(03:37) Nick's Journey to VALR

(06:28) Overview of VALR and South Africa's Crypto Landscape

(09:47) Regulatory Framework for Crypto in South Africa

(12:33) AML Practices and Monitoring Tools at VALR

(15:43) Understanding Mixers and Their Risks

(18:39) Scams and Fraud in the Crypto Space

(21:41) Identifying and Preventing Fraud on VALR

(24:45) Post-Hack Security Measures at VALR

(27:49) VALR's Global Expansion Plans

Download Cyvers's Pig Butchering report.

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Michael Pearl interviews Anya Szpak, the Chief Legal Officer at Nexus Mutual.

They discuss the unique insurance model of Nexus Mutual, which operates as a decentralized insurance platform where members insure one another.

Anya shares insights on the challenges of risk assessment in decentralized finance, the transparent claims process governed by community voting, and the regulatory landscape for discretionary insurance in the UK.

(05:45) Nexus Mutual: Revolutionizing Insurance in Web3

(11:03) Understanding Coverage: Who and What is Insured

(12:54) Risk Assessment in DeFi: Navigating Uncertainties

(19:22) Claims Process: How Does It Work?

(24:48) Regulatory Landscape: Navigating Compliance in Insurance

(29:04) Ensuring Security: Protecting Nexus Mutual from ThreatsThe Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Michael Pearl speaks with Ari Redbord, Global Head of Policy at TRM Labs, to discuss the complexities of security, fraud, and compliance in the Web3 space.

They explore the challenges faced by law enforcement in tracking illicit activities in cryptocurrency, the evolving regulatory landscape, and the significant issue of pig butchering scams.

The conversation highlights the need for better tools and training for investigators, the role of exchanges in preventing fraud, and the implications of recent shifts in enforcement focus.

(03:05) The Challenges of Investigating Crypto Crimes
(06:13) Understanding Regulatory Expertise in Crypto
(09:24) The Balance of Regulation and Industry Growth
(13:13) Shifting Focus: From Regulation to Targeting Bad Actors
(16:37) The National Security Implications of Pig Butchering Scams
(22:00) The Role of Exchanges in Preventing Fraud
(24:11) Regulatory Responsibilities and Consumer Protection
(27:42) Investigating Crypto Crimes: The Bitfinex Case
(34:24) Terror Financing and Cryptocurrency
(40:23) Challenges of Off-Ramping Crypto Funds
(44:05) Conclusion and Future InsightsThe Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Michael Pearl interviews Derek Hong, Head of Compliance at Matrixport Hong Kong, discussing the evolving landscape of compliance in the crypto space, particularly in Hong Kong.

They explore Derek's extensive background in compliance across various financial sectors, the unique challenges faced by Matrixport as a comprehensive crypto financial service provider, and the regulatory framework in Hong Kong that aims to balance innovation with consumer protection.

The conversation delves into the importance of security measures, transaction monitoring, and the proactive steps taken to prevent fraud and scams in the rapidly changing crypto environment.

(00:44) Derek Hong's Background and Experience
(02:25) Compliance in Different Financial Sectors
(04:09) Matrixport's Unique Compliance Challenges
(06:10) Regulatory Landscape in Hong Kong
(09:27) Deemed Licensing Process and Compliance Operations
(13:28) AML Requirements and Transaction Monitoring
(15:58) Security Measures Against Hacks
(20:28) Consumer Protection Regulations in Hong Kong
(22:32) Budgeting for Reimbursements
(23:35) Fraud Prevention Tools and Strategies
(25:35) Current Threats in the Crypto Space
(27:59) Real World Assets and Regulatory Considerations
(30:06) Future of Hong Kong as a Crypto Hub

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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In this conversation, Julie Fawcett, Head of Enterprise and Operational Risk at Flow Traders.

Julie discusses her extensive background in finance and compliance, particularly in the context of market making and trading.

She elaborates on the complexities of market risk management, compliance requirements, and the unique challenges posed by the crypto landscape.

The discussion also covers the importance of transaction monitoring, the role of AI in enhancing compliance processes, and the current state of insurance in the crypto space.

Chapters

(02:50) Understanding Market Risk Management in Trading(06:24) Compliance Challenges for Market Makers(06:42) Navigating Crypto: C-Fi vs DeFi(08:41) Handling Illicit Funds in Crypto Transactions(13:25) Risk Management in Multi-Asset Trading(15:27) Responding to Security Incidents in Crypto(18:55) Regulatory Landscape for Flow Traders(21:03) Addressing Scams and Fraud in Crypto(23:13) ETPs vs ETFs: Understanding the Differences(25:51) The Role of AI in Transaction Monitoring(29:47) Insurance Challenges in the Crypto Space

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Michael Pearl interviews Chris Groshong, president of Constructive and executive director at Crypto Recovery Alliance.

The conversation delves into the tools and processes used in blockchain forensics, the challenges faced by law enforcement in recovering lost funds, and the heartbreaking stories of victims of crypto scams.

Chris also shares insights into the mission of the Crypto Recovery Alliance, which aims to provide support and resources for victims of cryptocurrency fraud.Chapters:(01:30) From Genetics to Crypto: Chris's Journey
(04:16) Entering the World of Compliance and Education
(06:51) Tools for Blockchain Forensics and Investigations
(09:32) The Process of Recovery: A Step-by-Step Guide
(14:09) Challenges in Recovery and Law Enforcement Collaboration
(17:42) The Role of Exchanges in Fund Recovery
(20:32) Balancing Compliance and Business Objectives
(24:10) The Interplay of Investigations and Compliance
(25:41) Understanding Scams as a Business
(27:01) Heartbreaking Stories of Victims
(29:09) The Complexity of Modern Scams
(33:05) Law Enforcement Challenges
(37:12) Preventative Measures and Tools
(42:02) The Mission of the Crypto Recovery Alliance

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Michael Pearl interviews Chris DePow, the Principal Head of Compliance Advisory and KYC at Gemini.

Chris shares insights from his journey in the crypto space, emphasizing the need for robust compliance programs to combat financial crime and scams, including the alarming rise of pig butchering scams.

The conversation highlights the critical role of education and proactive measures in protecting clients and ensuring the integrity of the crypto ecosystem.(01:00) Chris DePauw's Journey in Compliance and KYC

(06:22) Navigating Global Regulatory Frameworks

(12:08) Understanding AML Obligations and Transaction Monitoring

(20:14) The Impact of Hacks on Exchanges

(28:16) Addressing Financial Crime and Fraud in Crypto

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Michael interviews Charles Guillemet, CTO of Ledger, discussing the critical aspects of security in the Web3 space.

They explore Guillemet's background in cryptography, the evolution of hacking, and the responsibilities of leading security at Ledger.

The conversation delves into innovations like clear signing and transaction simulation and validation, the importance of enterprise-grade security solutions, and the ongoing battle against sophisticated threats, including nation-state actors.

• (00:37) Introduction to Web3 Security and Charles Guillemet

• (03:38) Charles Guillemet's Background and Journey in Cryptography

• (04:54) The Evolution of Hacking and Security Challenges

• (08:19) The Responsibility of Leading Security at Ledger

• (11:42) The Cat and Mouse Game of Security

• (13:42) Collaboration in the Ecosystem for Enhanced Security

• (17:23) Clear Signing: Enhancing User Experience and Security

• (19:03) Transaction Simulation: Proactive Risk Assessment

• (23:33) Enterprise-Grade Security Solutions for Large Organizations

• (28:06) Addressing Advanced Threats and Attack Vectors

• (33:49) The Future of Security Against Nation-State Attacks