Ethereum & DeFi is moving too fast & the billion dollar DeFi HACK is coming! Why!?? Ethereum smart contracts (turing complete) have a wide attack vector. DeFi protocols are rushing code & skipping audits. This is a recipe for DeFi disaster & could halt this BULL RUN!
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⏰ Time Stamps ⏰
00:00 Intro-Chico Makes You Face Your Fears!
00:40 The DeFi Madness Bubble
01:07 Vitalik Buterin Warns of Yield Farming
02:41 Vampire Mining of Uniswap: SushiSwap
04:06 Un-audited Sushi Contracts
04:25 Hacks Can Happen Even w/ the Best Smart Contract Developers
05:47 Curators of the DAO
06:16 A Security Audit Was Performed with the DAO
06:49 Chris of the DAO & Vitalik
07:29 The DAO Hack Lessons Learned
07:43 The Recipe for DeFi Disaster
08:23 The Yam Finance & Balancer Labs Warning Signs
09:20 The Billion Dollar DeFi Hack Is Coming…
10:00 Well Known Devs See This Coming…
10:30 No Rain on the DeFi Parade
10:54 Outro
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Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.
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