David Hoffman
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Appearances Over Time
Podcast Appearances
Each one, we get into his portfolio, what he's holding, the market structure, entry targets, fair market value of Bitcoin and Ether, and where we are in the cycle.
There's new episodes that are released every Wednesday.
They're 30 minutes.
They're short.
They're punchy.
I think this crypto cycle is harder to navigate than most.
So let's do it together.
Go subscribe to this podcast.
Search The DeFi Report wherever you get your podcasts, YouTube, Apple, Spotify, or find a link in the show notes.
There's a new episode waiting for you now.
The amount of planning that went into this, and it was like the multisig signers were kind of like almost like hunted, right?
So again, it took two of five on this multisig in order to have this kind of god mode ability to drain 285 million, which is 50% of Drift's TVL.
And it was a very sophisticated group that pulled this off.
So someone like the Lazarus group, maybe even Indeed was them.
I'm not sure.
I haven't seen kind of the reporting on this.
And that was the vulnerability.
So they were able to trick two of Drift's five multi-sig signers to sign these transactions that they didn't fully understand.
And that's how this hack happened.
Unfortunately for users, the money's gone, right?