Arjun Bhuptani, founder of Connext and bridging expert, breaks down the Ronin bridge exploit that led to a hacker stealing $600 million+ and discusses different bridge designs that could limit future attacks. Show highlights: <ul> <li style="font-weight: 400;" aria-level="1">how a hacker was able to drain more than $600 million from Ronin bridge</li> <li style="font-weight: 400;" aria-level="1">the difference between DeFi hacks and the Ronin bridge exploit, which was a social-engineering based attack</li> <li style="font-weight: 400;" aria-level="1">why multisig bridges are susceptible to social engineering attacks</li> <li style="font-weight: 400;" aria-level="1">why Arjun believes the Ronin hacker is a sophisticated entity</li> <li style="font-weight: 400;" aria-level="1">whether Sky Mavis will be able to reimburse users</li> <li style="font-weight: 400;" aria-level="1">the different attack vectors for cross-chain bridges</li> <li style="font-weight: 400;" aria-level="1">what Arjun thinks about different bridge designs</li> </ul> Thank you to our sponsors! Crypto.com: <a href= "https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021"> https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021</a>     Coinchange: <a href= "https://coinchange.io/">https://coinchange.io</a>    OnJuno: <a href= "https://onjuno.com/">https://onjuno.com/</a>    Episode Links Arjun Bhuptani <ul> <li style="font-weight: 400;" aria-level="1">Twitter: <a href= "https://twitter.com/arjunbhuptani">https://twitter.com/arjunbhuptani</a> </li> </ul>   Ronin Hack <ul> <li style="font-weight: 400;" aria-level="1">Latest update from Ronin</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/Ronin_Network/status/1509284549020188672"> https://twitter.com/Ronin_Network/status/1509284549020188672</a> </li> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/Psycheout86/status/1509134627319033863"> https://twitter.com/Psycheout86/status/1509134627319033863</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Community alert explaining the hack:</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://roninblockchain.substack.com/p/community-alert-ronin-validators?s=w"> https://roninblockchain.substack.com/p/community-alert-ronin-validators?s=w</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Etherscan of the hack taking place</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://etherscan.io/address/0x098b716b8aaf21512996dc57eb0615e2383e2f96"> https://etherscan.io/address/0x098b716b8aaf21512996dc57eb0615e2383e2f96</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Reactions</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2">Mudit Gupta – the hacker is sophisticated</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/Mudit__Gupta/status/1508868214075310091"> https://twitter.com/Mudit__Gupta/status/1508868214075310091</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="2">Arjun Bhuptani – why multisig bridges are vulnerable</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/arjunbhuptani/status/1508861771595059205"> https://twitter.com/arjunbhuptani/status/1508861771595059205</a></li> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/arjunbhuptani/status/1508861771595059205"> https://twitter.com/arjunbhuptani/status/1508861771595059205</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="2">Ed Zitron – social engineering</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://ez.substack.com/p/the-infinite-exploitation-of-cryptocurrency"> https://ez.substack.com/p/the-infinite-exploitation-of-cryptocurrency</a></li> </ul> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Information on Ronin</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/joel_john95/status/1486809221962289154"> https://twitter.com/joel_john95/status/1486809221962289154</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Why bridging is hard</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://blog.connext.network/the-interoperability-trilemma-657c2cf69f17"> https://blog.connext.network/the-interoperability-trilemma-657c2cf69f17</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Arjun’s latest article on Optimistic bridges</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/arjunbhuptani/status/1509582024104939523?t=4HCssiWfO5v65ehXRnWL3A&s=19"> https://twitter.com/arjunbhuptani/status/1509582024104939523?t=4HCssiWfO5v65ehXRnWL3A&s=19</a> </li> </ul> </li> </ul>

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Bridge Hacks Have Caused ~$1 Billion in Losses. Here’s Why Bridge Security Is Tricky - Ep.336

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