Trump’s Crypto Project May Attract Hackers. That's Why This Security Expert Joined - Ep. 705
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I think if this thing goes well, it's gonna negatively impact my reputation because it's it's it's with someone who's divisive. And so there's gonna be a lot of people who dislike me just because of that reason. If it goes poorly, it's gonna negatively impact my reputation because it goes poorly. Like, there's just there's no way out of this. And so me just choosing to do it one way or the other is gonna hurt me in some ways, but I think it will help the likelihood of this not hurting a lot of people.
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto 9 years ago, and as a senior editor at Forbes, was the 1st Mainstream reader partner to cover cryptocurrency full time. This is the September 17, 2024 episode of Unchained. Today's episode is brought to you by Gemini, a US based crypto exchange built for new and advanced traders. Gemini is offering new customers $15 in BTC when they trade. Sign up today to earn your Bitcoin. If you're envisioning ways to make an impact on transforming
you. Thank you, Laura. You
have your hands in a lot of areas of the industry. The most newsworthy tidbit is that you're advising World Liberty Financial, the DeFi project by former president and Republican nominee Donald Trump's sons, that by the time this episode airs, we'll have just launched. You're also building a layer one called glue. However, you got your start in crypto as a security person who negotiates with hackers to get funds back. So let's start with your beginnings. How did you get into crypto security? So
the way I got into crypto security was basically, I was playing around on the Binance Smart Chain. And I had made a community there which allowed people basically to come and have a scam free zone is the way I looked at it. Basically, it was good vibes, wasn't very PVP. For any project to be able to speak in my Telegram group, you had to kind of pass, like, a check of vibes and also pass a check of audits in a lot of cases. And so I had built, like, a pretty positive atmosphere, and I really enjoyed that. And people look to myself and the other moderators and admins as sort of a a gauge on whe
I heard that when so when you were on the chopping block last year, Robert's response to this was that in any other world, this would be bonkers and that he felt that someday when all of this gets more professionalized, then it won't be 10% that that is the standard. I don't know if you have thoughts on that. Like, his feeling was, you know, you if you hack, you go to jail, basically. That's what his perception was. Yeah.
And and I think I think that's that's a principled view of it. And I think that if everything was not anonymous, then, yeah, that would actually be probably the case. You know, you're not gonna have a situation where you go into a bank, like an actual physical bank, and you, you know, take a $1,000,000 and the bank says, hey. Hey. Bring it back. We'll give you we'll give you a 100 100 k of that. That doesn't happen. But why does it not happen? Because you know who stole it. You can see them. Right.
But but but in the example that you gave, you did know the identities of those people. So In
in that case but but that in that case, I didn't win the negotiation either. Like, we lost the negotiation, but I was just was able to find them physically. But in the next case where it was a 10% return, I did not know that person. Oh,
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