Haseeb Qureshi, managing associate of Dragonfly Capital, describes how the Lendf.me assault occurred, why imBTC was concerned in that hack and a $300,000 hack involving Uniswap the day earlier than, and the way the ERC-777 token normal was concerned. He additionally recounts what occurred after the assault, together with messages despatched to and from the hacker, how the Chinese language and Western DeFi communities had totally different responses, and the way the hacker ended up returning the funds. Plus, he goes into the small print of what he is aware of about why the attacker did so.
Thanks to our sponsor!
Crypto.com: https://crypto.com
Episode hyperlinks:
Haseeb Qureshi: https://twitter.com/hosseeb
Dragonfly Capital: https://www.dcp.capital
The Block on the exploit: https://www.theblockcrypto.com/linked/62346/multicoin-capital-backed-defi-protocol-dforce-loses-25m-total-locked-value-in-an-exploit
Information about dForce bringing imBTC to Lendf.me: https://medium.com/imtoken/dforce-brings-imbtc-to-defi-lending-c739b5cc0643
Extra about imBTC: https://token.im/weblog/en-us/articles/360037559114
Compound CEO Robert Leshner’s remark referring to how dForce stole Compound’s code: https://twitter.com/rleshner/standing/1251717261888385025?s=20
Extra on imBTC assault on Uniswap: https://defirate.com/imbtc-uniswap-hack/
Medium submit on whether or not or not the ERC-777 normal is accountable: https://medium.com/@provablethings/is-a-new-token-standard-really-to-blame-for-the-imbtc-uniswap-and-dforce-attacks-31c62e2bc799
The Block on the brand new token normal: https://www.theblockcrypto.com/every day/62568/ethereum-token-standard-open-finance-exploits
Larry Cermak tweet about centralized tokens: https://twitter.com/lawmaster/standing/1251953291891802112
Su Zhu on the hacker maybe being uncovered through VPN: https://twitter.com/zhusu/standing/1252479842261450753?s=20
Hyperlinks from information recap:
https://unchainedpodcast.com/unbelievable/
