Summary
In this episode, Blockchain Wayne interviews Michael Pearl from Cyvers, a web 3 cybersecurity company. They discuss the importance of security in the crypto industry and the vulnerabilities that exist in smart contracts and wallets. Michael shares some recent hacks that Cyvers has detected, including the WazirX hack and the Li-Fi hack. They also emphasize the need for individuals to revoke permissions on their wallets and stay vigilant about security. The episode concludes with a reminder that a secure Web3 space is essential for the industry to scale and reach the masses.
Learn more about Cyvers and join their telegram group: https://cyvers.ai/
Learn more about FIO and get your Handle today: https://fio.net/
Takeaways
Chapters
00:00 Introduction and Background
01:23 The Birth of Cyvers
02:49 The Importance of Real-Time Security Monitoring
04:14 Recent Hacks Detected by Cyvers
07:42 Individual Security Measures
11:41 Address Poisoning and Other Vulnerabilities
14:53 Lessons from Hacks on Exchanges
18:54 The Ongoing WazirX Investigation
19:52 Revoking Permissions and Individual Responsibility
22:30 Where to Find More Information
23:57 Final Thoughts and Conclusion
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