The $300M Hack That Exposed Crypto's Middleman Problem

追加: 2026-05-16

[00:00:00]But then the problem is that the existing, the previous generation of these technologies had uh fundamental flaws with regard to security and trust assumptions. And what I mean by this is they would introduce counterparties. Oh.

[00:00:15]And and there was I I think 2 weeks ago as as the there was a $300 hack of uh of the big bridge. This was kind of a wake-up call to a lot of people who who who like >> counterparty risk? took it very seriously because when when you bridge assets from your um blockchain environment which is controlled and and and actually cryptographically secure on every transaction out of it to a different place, to a different chain, to a different institution you don't know, you don't trust or to a to a public chain and you use this third party mediators and facilitators, what you really do is you outsource all of the properties of the bridged assets to this third party middleman. Yeah. And you like all you like it's not anymore your security, it's the security of this middleman.

[00:01:03]>> the the Kelp DAO hack um opened people's eyes to the risk of having a a private environment, a private blockchain, and using some sort of bridge to connect to public chains.

[00:01:15]That's that's a a kind of a risky solution.