Jess Symington, research lead at Elliptic, a blockchain forensics company, discusses the massive upswing in DeFi hacks during 2021, resulting in over $10 billion of DeFi value lost. Show topics: <ul> <li style="font-weight: 400;" aria-level="1">the state of crime in DeFi</li> <li style="font-weight: 400;" aria-level="1">how much value has been lost to exploits</li> <li style="font-weight: 400;" aria-level="1">whether the majority of hacks are the result of user or developer error</li> <li style="font-weight: 400;" aria-level="1">the various types of exploits</li> <li style="font-weight: 400;" aria-level="1">how to confirm when a project did, in fact, rug pull</li> <li style="font-weight: 400;" aria-level="1">which blockchains are most susceptible to having exploits</li> <li style="font-weight: 400;" aria-level="1">what has been happening recently in ransomware</li> <li style="font-weight: 400;" aria-level="1">how DeFi hackers cash out</li> <li style="font-weight: 400;" aria-level="1">why ransomware attackers, who usually request payment in Bitcoin, have a tougher time cashing out than DeFi hackers </li> <li style="font-weight: 400;" aria-level="1">whether hackers trend towards a specific profile/demographics </li> <li style="font-weight: 400;" aria-level="1">how easy it is for law enforcement to find hackers </li> <li style="font-weight: 400;" aria-level="1">whether blockchain’s transparency is proving to be a helpful tool for regulators</li> <li style="font-weight: 400;" aria-level="1">Jess’s advice on how to prevent hacks for both protocols and users</li> </ul>   Thank you to our sponsors! Avado: <a href= "http://ava.do/">ava.do</a> Crypto.com: <a href= "https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021"> https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021</a>    Nodle: <a href= "https://bit.ly/3AXGydJ">https://bit.ly/3AXGydJ</a>      Episode Links   Elliptic <ul> <li style="font-weight: 400;" aria-level="1">Website: <a href= "https://www.elliptic.co/">https://www.elliptic.co/</a> </li> <li style="font-weight: 400;" aria-level="1">Blog: <a href= "https://www.elliptic.co/blog">https://www.elliptic.co/blog</a> </li> </ul>   Hack Coverage <ul> <li style="font-weight: 400;" aria-level="1">Elliptic Research</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2">DeFi: Risk, Regulation and the Rise of DeCrime: <a href= "https://www.elliptic.co/resources/defi-risk-regulation-and-the-rise-of-decrime"> https://www.elliptic.co/resources/defi-risk-regulation-and-the-rise-of-decrime</a></li> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.cnbc.com/2021/12/14/common-defi-crypto-related-scams-and-how-to-protect-your-wallet.html"> https://www.cnbc.com/2021/12/14/common-defi-crypto-related-scams-and-how-to-protect-your-wallet.html</a> </li> <li style="font-weight: 400;" aria-level="2"><a href= "https://cryptobriefing.com/elliptic-estimates-12b-lost-to-defi-exploits/"> https://cryptobriefing.com/elliptic-estimates-12b-lost-to-defi-exploits/</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Rekt Leaderboard (giving a dollar figure for recent hacks along with a summary of what happened)</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://rekt.news/leaderboard/">https://rekt.news/leaderboard/</a> </li> </ul> </li> </ul>   Unchained Podcast on Ransomware <ul> <li style="font-weight: 400;" aria-level="1"><a href= "https://unchainedpodcast.com/how-ransomware-evolved-into-a-big-business/"> https://unchainedpodcast.com/how-ransomware-evolved-into-a-big-business/</a> </li> </ul>

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Unconfirmed: $12 Billion Has Been Lost in DeFi Value to Crime. Here’s How - Ep.299

Unchained