Dissecting Web3 Security Practices

Hi everyone, we are back with another episode of our podcast allowing you to get to know people working behind the scenes of the crypto industry. Today we are joined by Andrew Beal , former Blockchain Strategy Lead at EY, currently ecosystem lead at Forta Network.

Welcome to the one hundred and ninth episode of the Inside Crypto Podcast. This episode was recorded on October 24th 2022. Today we dive into all things security, why so many hacks have happened, what are some of the best practices and possible solutions for the future.

Thanks everyone for listening and don’t forget to tune in next week where we interview someone else in the cryptocurrency universe.

Topics Covered Today:

Andrew, let’s start of with this. Why are so many hacks happening in the crypto ecosystem? Will crypto ever stabilize in terms of hacks?

What are some ways protocols can prevent hacks? What about end users?

What are some of the threats that end users should be aware of?

You used to work at EY which is a hugely famous organization, what do you think is the current state of crypto adoption amongst such organizations? Why did EY start to explore blockchain?

You are now with Forta Network? Why did you make the switch? What are they doing differently from other security organizations?

I saw this on your LinkedIn: “~50% of smart contracts exploited in the last 4 years had emergency pause functionality. Only 1 was actually paused w/in first hour after exploit. “ Why do you think that is so?

What do you expect from web3 security in the next 5 years?

Forta’s doing so much already, what exciting developments can we expect next year?

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