Did Multichain Use Millions in User Funds Without Permission?
It’s only been a couple weeks since we put out a video covering the hack of Binance’s BNB cross chain bridge and we’re already back with another video on cross-chain bridges. This time though, we’re zeroing in Multichain, the bridging platform with nearly $1.5 billion in total locked. That’s the second-largest bridge after Polygon PoS.
No, Multichain hasn’t just been hacked, but what we ARE seeing is dubious activity on the network that is only fueling more doubt about the vulnerabilities of cross-chain bridges. Defiant reporter Aleks Gilbert broke the news just yesterday so let’s have a little deep dive into Multichain.
0:00 Cross Chain Bridges 0:36 Recent Cross Chain Hacks 1:23 Something Odd at Multichain 2:02 Did the users know? 3:21 Complexities of Cross Chain Bridges 5:05 How bad is the worst case scenario 5:52 Transparency
Guests:
Colby Mort - GET Protocol - https://twitter.com/ColbySaysHi
Oliver Biggs - GET Protocol - https://twitter.com/olivierbiggs1
Get Protocol - https://twitter.com/GetProtocol
Conor McNicholas - Doodtown - https://twitter.com/conormcnicholas
Doodtown - https://twitter.com/Doodtown
Timestamps:
0:00:00 A virtual production progress update
0:02:45 A whole raft of hotel internet issues
0:05:20 Pop culture & Grime
0:12:26 Doods and how Conor got into the space
0:25:20 Why chat about Doods?
0:34:39 Do you know your audience?
0:38:48 Is it male focused and what is a quality product?
0:44:27 Talent & Culture
0:50:18 Filtered Culture
0:55:13 Colby and Oliver & GET Protocol
1:01:01 "But, NFT's are just a jpeg"
1:05:50 Is there skepticism around NFT ticketing
1:11:48 Evolving and rewarding ticketing
1:16:34 What sectors are the focus?
1:21:10 End end is nigh for ticket touts?
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At the opening event of Decentral House in Geneva, we caught up with Pierre Kaklamanos of the Cardano Foundation. In this chat, Pierre gives the latest updates on Cardano, discusses upcoming collaborations, and explains Cardano remains unhacked. He touches on the eUTXO model, shares insights on regulatory approaches, and offers a glimpse into what to expect from Cardano in 2024.
Chapters
0:00 Unhacked
0:26 Latest on Cardano
1:42 Roadmap
3:03 3rd generation blockchain
5:38 eUTXO
6:26 Partnership with UNHCR
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11:51 What's next for Cardano
13:13 Toxic communities
16:42 Regulation
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This is Crypto With Cami, a show where we go through all the major news of the week in DeFi and Web3 in 30 minutes or less.
This week's headlines
0:00 Face of Web3
0:33 Week of Feb. 26
1:40 Uniswap Fee Switch
3:24 Uniswap V2 on 6 chains
6:09 Limit Orders with Uniswap
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16:51 Market Updates
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19:30 Airdrops on Bitcoin
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The Idols is a collection of 10,000 unique NFTs living on the Ethereum blockchain. Similar to other projects, Idol NFTs will serve as a proof of membership to a special community (The Idolverse). Unlike a standard NFT mint, no ETH raised from The Offering will be paid to the founding team. 100% of funds raised will be converted to LIDO stETH and deposited into the Idol Treasury. The Idol Treasury is an example of PCV (Protocol Controlled Value similar to the FEI PCV). The principal amount of stETH in the treasury can never be withdrawn, however all 10,000 Idol NFTs will have an equal claim on the staking income generated from the Idol Treasury in perpetuity.
https://theidols.io/
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Last week, we conducted our BAYC evaluation 3 months after our crew was gifted them by Robin. But, here's the thing, in this ever expanding space of crypto capital and hoddling there is a growing consensus that a "gifting culture" is fundamental to this moral tightrope of the Nakamoto consensus. So we dived into this concept based around our own first hand experiences.
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