Bitcoin, the Blockchain, Web3, NFTs...welcome to the Scam Economy. Host Matt Binder (The Majority Report w/ Sam Seder, DOOMED) dives into the world of cryptocurrency in order to reveal the frauds, grifts, and scams. And there's plenty because, really, the whole thing is a scam. It's the Scam Economy.
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Bitcoin, the Blockchain, Web3, NFTs...welcome to the Scam Economy. Host Matt Binder (The Majority Report w/ Sam Seder, DOOMED) dives into the world of cryptocurrency in order to reveal the frauds, grifts, and scams. And there's plenty because, really, the whole thing is a scam. It's the Scam Economy.
41: So Many Hacks! The Myth of Blockchain Security (w/ Domingo Flores)
Scam Economy
1 hour 19 minutes 29 seconds
2 years ago
41: So Many Hacks! The Myth of Blockchain Security (w/ Domingo Flores)
If the blockchain is so secure...why are there so many crypto hacks? Infosec expert Domingo Flores joins Scam Economy with Matt Binder to dispel the myth of blockchain security. Domingo brings us back to the very basics and breaks down cryptography and why so many think the blockchain is so secure. We also discuss how hacking attacks have continued to rise and unprecedented amounts of money have been stolen even during the crypto winter. Domingo breaks down flash loan attacks, protocol exploits, "code is law" issues, and even basic social engineering attacks, and much more!
Visit: ScamEconomy.com
Support the show: http://www.patreon.com/mattbinder
Articles mentioned on the episode:
https://blog.chainalysis.com/reports/crypto-crime-midyear-update-2022/
https://fortune.com/crypto/2022/10/13/october-record-3-billion-stolen-in-crypto-hacks-2022/
https://cryptopotato.com/cryptocom-becomes-first-crypto-exchange-to-comply-with-soc-2-standards/
Links to Domingo's work: https://twitter.com/Domingroso/status/1600286166213091328
Scam Economy
Bitcoin, the Blockchain, Web3, NFTs...welcome to the Scam Economy. Host Matt Binder (The Majority Report w/ Sam Seder, DOOMED) dives into the world of cryptocurrency in order to reveal the frauds, grifts, and scams. And there's plenty because, really, the whole thing is a scam. It's the Scam Economy.
