Ryan Sean Adams
π€ SpeakerAppearances Over Time
Podcast Appearances
So even the example I gave of suddenly North Korea stole all of the mortgages.
You can't really steal a mortgage.
It's just like an IOU.
In this case, they're literally stealing all of the assets.
They're literally stealing all of the houses.
So Odysseus, I know you've thought about this.
How would you underscore for people outside of DeFi and crypto how this is different than TradFi?
I want to ask another question because we mentioned three parties in particular, and maybe there's more than three involved here.
But we mentioned Layer Zero, we mentioned Aave, and we mentioned KelpDAO.
And they're the protocol group behind the RSE that was actually minted and actually stolen and taken.
So there's been a lot of blame going around.
And I'm curious from you guys, like, who's responsible for this?
Whose fault is it?
So everyone's at fault, but I wonder if we could be more granular because they're at fault in different ways, I would say, right?
So I
I'm going to simplify this and then you guys, you know, correct me or tell me where I got things wrong.
Right.
So obviously layer zero, they got infiltrated somehow.
So whether this was some kind of a sophisticated nation state social engineering hack to, you know, give North Korea access to their servers, you know, there's obviously an issue there.
They also let their customers configure things in a way that was like a one of one DVN kind of validator.