The Mango Hack
Bloomberg Crypto14 Marras 2022

The Mango Hack

It’s a day ending in Y, which means we’re going to talk about crypto hacks. Yes, these are all too common - in October alone, hacks, attacks and clever exploits (more about those in a second) cost the crypto industry an estimated $700 million. Now when we talk about hacks, you might (correctly) picture sophisticated state-sponsored groups like North Korea’s Lazarus, or more run-of-the-mill attacks on Twitter or Instagram. But there's another kind of exploit that’s really raising eyebrows in crypto these days - one that involves taking advantage of how platforms are supposed to work.

One type of exploit is a price-manipulation attack - which is what happened to a DeFi platform called Mango. The person who did the exploit initially walked away with a cool $100 million.

To better understand what’s at stake for DeFi, Bloomberg reporter Muyao Shen joins this episode. Also featured is Evgeny Gaevoy, CEO and founder of Wintermute, a trading platform that was itself hacked for $160 million back in September.

Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter

See omnystudio.com/listener for privacy information.

Jaksot(223)

Introducing - Spellcaster: The Fall of Sam Bankman-Fried

Introducing - Spellcaster: The Fall of Sam Bankman-Fried

Coming soon: When nerdy gamer Sam Bankman-Fried rocketed to fame as the world’s richest 29-year-old, he pledged to donate his billions to good causes. But then his crypto exchange FTX collapsed Billio...

12 Touko 20232min

Princeton University’s Blockchain Center, One Year On

Princeton University’s Blockchain Center, One Year On

Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or  Spotify. Last year, just before the crypto winter had hit in earnest, Princeton University opened up “The Center for the Decentral...

16 Maalis 202313min

Crypto Winter Meets Banking Crisis: A Tale of Three Banks

Crypto Winter Meets Banking Crisis: A Tale of Three Banks

It’s been another wild week of financial mayhem connected to crypto. But this time the crisis focused on banks.  It started earlier this month [March], when Silvergate Capital shut down operations. Th...

16 Maalis 202319min

NFT Fans Say 2023 Is Looking Up

NFT Fans Say 2023 Is Looking Up

Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or  Spotify. Some might argue that the popularity of NFTs faded as quickly as it rose. NFTs boomed in early 2022 when the crypto mania...

15 Maalis 202325min

Job Cuts Reflect Crypto Winter’s Deep Freeze

Job Cuts Reflect Crypto Winter’s Deep Freeze

The last 12 months or so have been a particularly grueling season for crypto. And as we head into the spring months of 2023, we’re getting a better sense of what the slump in crypto prices has meant f...

14 Maalis 202316min

What’s Happening With Crypto in Argentina?

What’s Happening With Crypto in Argentina?

Argentina is one of the countries with the highest rates of inflation in the world -  currently hovering at close to 100%.  The nation is also one of the countries with the biggest population of crypt...

13 Maalis 202314min

This Week in Crypto: Court is in Session

This Week in Crypto: Court is in Session

Legal battles, circling regulators and a troubled bank. It's all happening in crypto this week.  Court is in session as Grayscale challenges the SEC over the prospects for a Bitcoin ETF, while themsel...

10 Maalis 202319min

Circle CEO Jeremy Allaire on US Crypto Regulation

Circle CEO Jeremy Allaire on US Crypto Regulation

Bloomberg’s stacy-marie ishmael interviewed Jeremy Allaire, Chief Executive Officer of Circle Internet Financial Ltd. to discuss stablecoins and his views on crypto regulation. The CEO of the Boston-b...

9 Maalis 202319min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
rss-ootsa-kuullut-tasta
tervo-halme
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-podme-livebox
viisupodi
rss-asiastudio
et-sa-noin-voi-sanoo-esittaa
otetaan-yhdet
rikosmyytit
rss-vaalirankkurit-podcast
linda-maria
the-ulkopolitist
rss-mina-ukkola
rss-merja-mahkan-rahat
popcorn-with-esko
rss-pykalien-takaa
rss-polikulaari-humanisti-vastaa-ja-muut-ts-podcastit
rss-50100-podcast