WEBVTT
Kind: captions
Language: en

00:00:01.160 --> 00:00:06.690 align:start position:0%
 
[Music]

00:00:06.690 --> 00:00:06.700 align:start position:0%
 
 

00:00:06.700 --> 00:00:19.269 align:start position:0%
 
[Music]

00:00:19.269 --> 00:00:19.279 align:start position:0%
 
 

00:00:19.279 --> 00:00:22.830 align:start position:0%
 
we

00:00:22.830 --> 00:00:22.840 align:start position:0%
 
 

00:00:22.840 --> 00:00:25.830 align:start position:0%
 
have<00:00:23.840><c> why</c><00:00:24.080><c> one</c><00:00:24.400><c> oh</c><00:00:24.680><c> hey</c><00:00:24.920><c> everyone</c><00:00:25.480><c> now</c><00:00:25.640><c> it's</c>

00:00:25.830 --> 00:00:25.840 align:start position:0%
have why one oh hey everyone now it's
 

00:00:25.840 --> 00:00:27.990 align:start position:0%
have why one oh hey everyone now it's
working<00:00:26.720><c> I'm</c><00:00:26.840><c> going</c><00:00:26.960><c> to</c><00:00:27.160><c> tell</c><00:00:27.359><c> you</c><00:00:27.560><c> about</c><00:00:27.880><c> one</c>

00:00:27.990 --> 00:00:28.000 align:start position:0%
working I'm going to tell you about one
 

00:00:28.000 --> 00:00:30.589 align:start position:0%
working I'm going to tell you about one
of<00:00:28.199><c> my</c><00:00:28.480><c> favorite</c><00:00:28.920><c> issues</c><00:00:29.800><c> and</c><00:00:30.039><c> and</c><00:00:30.359><c> I</c><00:00:30.439><c> will</c>

00:00:30.589 --> 00:00:30.599 align:start position:0%
of my favorite issues and and I will
 

00:00:30.599 --> 00:00:33.310 align:start position:0%
of my favorite issues and and I will
show<00:00:30.840><c> you</c><00:00:31.160><c> how</c><00:00:31.400><c> I</c><00:00:31.519><c> was</c><00:00:32.360><c> theoretically</c><00:00:32.920><c> able</c><00:00:33.160><c> to</c>

00:00:33.310 --> 00:00:33.320 align:start position:0%
show you how I was theoretically able to
 

00:00:33.320 --> 00:00:36.990 align:start position:0%
show you how I was theoretically able to
steal<00:00:33.719><c> $1.1</c><00:00:34.360><c> million</c><00:00:34.840><c> in</c><00:00:35.040><c> 15</c><00:00:35.320><c> minutes</c><00:00:36.280><c> so</c><00:00:36.840><c> how</c>

00:00:36.990 --> 00:00:37.000 align:start position:0%
steal $1.1 million in 15 minutes so how
 

00:00:37.000 --> 00:00:39.510 align:start position:0%
steal $1.1 million in 15 minutes so how
the<00:00:37.120><c> story</c><00:00:37.399><c> started</c><00:00:38.120><c> few</c><00:00:38.320><c> months</c><00:00:38.559><c> ago</c><00:00:39.239><c> I</c><00:00:39.360><c> was</c>

00:00:39.510 --> 00:00:39.520 align:start position:0%
the story started few months ago I was
 

00:00:39.520 --> 00:00:42.350 align:start position:0%
the story started few months ago I was
browsing<00:00:40.120><c> the</c><00:00:40.280><c> interesting</c><00:00:41.120><c> uh</c><00:00:41.719><c> applications</c>

00:00:42.350 --> 00:00:42.360 align:start position:0%
browsing the interesting uh applications
 

00:00:42.360 --> 00:00:44.029 align:start position:0%
browsing the interesting uh applications
on<00:00:42.520><c> the</c><00:00:42.680><c> blockchain</c><00:00:43.200><c> and</c><00:00:43.320><c> I</c><00:00:43.440><c> found</c><00:00:43.840><c> very</c>

00:00:44.029 --> 00:00:44.039 align:start position:0%
on the blockchain and I found very
 

00:00:44.039 --> 00:00:46.350 align:start position:0%
on the blockchain and I found very
interesting<00:00:44.440><c> Landing</c><00:00:45.000><c> lending</c><00:00:45.480><c> Market</c><00:00:46.239><c> they</c>

00:00:46.350 --> 00:00:46.360 align:start position:0%
interesting Landing lending Market they
 

00:00:46.360 --> 00:00:48.029 align:start position:0%
interesting Landing lending Market they
were<00:00:46.600><c> offering</c>

00:00:48.029 --> 00:00:48.039 align:start position:0%
were offering
 

00:00:48.039 --> 00:00:52.189 align:start position:0%
were offering
82%<00:00:49.039><c> uh</c><00:00:49.360><c> returns</c><00:00:49.920><c> in</c><00:00:50.199><c> usdc</c><00:00:50.960><c> in</c><00:00:51.120><c> Stables</c><00:00:51.800><c> so</c><00:00:52.000><c> a</c>

00:00:52.189 --> 00:00:52.199 align:start position:0%
82% uh returns in usdc in Stables so a
 

00:00:52.199 --> 00:00:55.150 align:start position:0%
82% uh returns in usdc in Stables so a
crazy<00:00:52.520><c> good</c><00:00:52.719><c> deal</c><00:00:53.600><c> so</c><00:00:54.600><c> there's</c><00:00:54.800><c> something</c>

00:00:55.150 --> 00:00:55.160 align:start position:0%
crazy good deal so there's something
 

00:00:55.160 --> 00:00:57.470 align:start position:0%
crazy good deal so there's something
wrong<00:00:55.399><c> with</c><00:00:55.600><c> this</c><00:00:56.039><c> or</c><00:00:56.199><c> is</c><00:00:56.359><c> the</c><00:00:56.559><c> best</c><00:00:56.879><c> deal</c><00:00:57.199><c> ever</c>

00:00:57.470 --> 00:00:57.480 align:start position:0%
wrong with this or is the best deal ever
 

00:00:57.480 --> 00:01:00.830 align:start position:0%
wrong with this or is the best deal ever
or<00:00:57.600><c> is</c><00:00:57.680><c> it</c><00:00:57.879><c> scam</c><00:00:58.559><c> I</c><00:00:58.680><c> decided</c><00:00:59.000><c> to</c><00:00:59.120><c> check</c><00:00:59.320><c> it</c><00:01:00.039><c> so</c><00:01:00.719><c> I</c>

00:01:00.830 --> 00:01:00.840 align:start position:0%
or is it scam I decided to check it so I
 

00:01:00.840 --> 00:01:03.229 align:start position:0%
or is it scam I decided to check it so I
did<00:01:01.039><c> what</c><00:01:01.160><c> I</c><00:01:01.280><c> do</c><00:01:01.480><c> the</c><00:01:01.600><c> best</c><00:01:02.079><c> and</c><00:01:02.320><c> I</c><00:01:02.480><c> started</c><00:01:02.920><c> to</c>

00:01:03.229 --> 00:01:03.239 align:start position:0%
did what I do the best and I started to
 

00:01:03.239 --> 00:01:05.350 align:start position:0%
did what I do the best and I started to
checking<00:01:03.600><c> the</c><00:01:03.719><c> source</c><00:01:04.040><c> code</c><00:01:04.680><c> fortunately</c><00:01:05.239><c> it</c>

00:01:05.350 --> 00:01:05.360 align:start position:0%
checking the source code fortunately it
 

00:01:05.360 --> 00:01:07.870 align:start position:0%
checking the source code fortunately it
was<00:01:05.560><c> open</c><00:01:05.880><c> source</c><00:01:06.320><c> so</c><00:01:06.479><c> I</c><00:01:06.600><c> checked</c><00:01:06.960><c> everything</c>

00:01:07.870 --> 00:01:07.880 align:start position:0%
was open source so I checked everything
 

00:01:07.880 --> 00:01:09.990 align:start position:0%
was open source so I checked everything
uh<00:01:08.080><c> how</c><00:01:08.240><c> the</c><00:01:08.400><c> platforms</c><00:01:08.880><c> works</c><00:01:09.520><c> if</c><00:01:09.720><c> they're</c>

00:01:09.990 --> 00:01:10.000 align:start position:0%
uh how the platforms works if they're
 

00:01:10.000 --> 00:01:12.070 align:start position:0%
uh how the platforms works if they're
really<00:01:10.280><c> having</c><00:01:10.520><c> the</c><00:01:10.680><c> loans</c><00:01:11.000><c> or</c><00:01:11.200><c> not</c><00:01:11.759><c> and</c><00:01:11.920><c> I</c>

00:01:12.070 --> 00:01:12.080 align:start position:0%
really having the loans or not and I
 

00:01:12.080 --> 00:01:14.310 align:start position:0%
really having the loans or not and I
decided<00:01:12.680><c> in</c><00:01:12.799><c> the</c><00:01:12.880><c> end</c><00:01:13.080><c> to</c><00:01:13.240><c> verify</c><00:01:13.960><c> all</c><00:01:14.159><c> the</c>

00:01:14.310 --> 00:01:14.320 align:start position:0%
decided in the end to verify all the
 

00:01:14.320 --> 00:01:18.390 align:start position:0%
decided in the end to verify all the
loans<00:01:14.960><c> collaterals</c><00:01:15.960><c> Dept</c><00:01:16.240><c> in</c><00:01:16.360><c> the</c><00:01:16.720><c> system</c><00:01:17.720><c> so</c>

00:01:18.390 --> 00:01:18.400 align:start position:0%
loans collaterals Dept in the system so
 

00:01:18.400 --> 00:01:21.190 align:start position:0%
loans collaterals Dept in the system so
um<00:01:19.200><c> in</c><00:01:19.320><c> the</c><00:01:19.439><c> lending</c><00:01:19.960><c> Market</c><00:01:20.600><c> the</c><00:01:20.720><c> important</c>

00:01:21.190 --> 00:01:21.200 align:start position:0%
um in the lending Market the important
 

00:01:21.200 --> 00:01:25.109 align:start position:0%
um in the lending Market the important
thing<00:01:21.640><c> is</c><00:01:22.400><c> healthy</c><00:01:22.960><c> and</c><00:01:23.439><c> unhealthy</c><00:01:23.960><c> loan</c><00:01:24.759><c> so</c>

00:01:25.109 --> 00:01:25.119 align:start position:0%
thing is healthy and unhealthy loan so
 

00:01:25.119 --> 00:01:27.590 align:start position:0%
thing is healthy and unhealthy loan so
basically<00:01:26.119><c> uh</c><00:01:26.320><c> when</c><00:01:26.439><c> you</c><00:01:26.560><c> take</c><00:01:26.720><c> a</c><00:01:26.840><c> loan</c><00:01:27.479><c> you</c>

00:01:27.590 --> 00:01:27.600 align:start position:0%
basically uh when you take a loan you
 

00:01:27.600 --> 00:01:29.390 align:start position:0%
basically uh when you take a loan you
need<00:01:27.759><c> to</c><00:01:27.880><c> give</c><00:01:28.040><c> some</c><00:01:28.240><c> collateral</c><00:01:29.000><c> so</c><00:01:29.200><c> let's</c>

00:01:29.390 --> 00:01:29.400 align:start position:0%
need to give some collateral so let's
 

00:01:29.400 --> 00:01:31.710 align:start position:0%
need to give some collateral so let's
say<00:01:29.600><c> you</c><00:01:29.720><c> want</c><00:01:29.920><c> want</c><00:01:30.079><c> to</c><00:01:30.240><c> borrow</c><00:01:30.560><c> $50</c><00:01:31.439><c> you</c><00:01:31.560><c> need</c>

00:01:31.710 --> 00:01:31.720 align:start position:0%
say you want want to borrow $50 you need
 

00:01:31.720 --> 00:01:36.270 align:start position:0%
say you want want to borrow $50 you need
to<00:01:31.920><c> give</c><00:01:32.360><c> $100</c><00:01:33.360><c> of</c><00:01:34.240><c> collateral</c><00:01:35.240><c> and</c><00:01:35.880><c> whenever</c>

00:01:36.270 --> 00:01:36.280 align:start position:0%
to give $100 of collateral and whenever
 

00:01:36.280 --> 00:01:39.870 align:start position:0%
to give $100 of collateral and whenever
the<00:01:36.479><c> debt</c><00:01:37.040><c> becomes</c><00:01:38.040><c> too</c><00:01:38.360><c> high</c><00:01:39.000><c> let's</c><00:01:39.280><c> say</c><00:01:39.759><c> you</c>

00:01:39.870 --> 00:01:39.880 align:start position:0%
the debt becomes too high let's say you
 

00:01:39.880 --> 00:01:43.190 align:start position:0%
the debt becomes too high let's say you
know<00:01:40.680><c> it</c><00:01:41.119><c> it</c><00:01:41.240><c> gross</c><00:01:41.640><c> by</c><00:01:41.799><c> 20%</c><00:01:42.520><c> because</c><00:01:42.799><c> value</c><00:01:43.040><c> of</c>

00:01:43.190 --> 00:01:43.200 align:start position:0%
know it it gross by 20% because value of
 

00:01:43.200 --> 00:01:46.069 align:start position:0%
know it it gross by 20% because value of
token<00:01:43.680><c> went</c><00:01:43.960><c> up</c><00:01:44.680><c> the</c><00:01:44.880><c> platform</c><00:01:45.520><c> need</c><00:01:45.880><c> to</c>

00:01:46.069 --> 00:01:46.079 align:start position:0%
token went up the platform need to
 

00:01:46.079 --> 00:01:49.429 align:start position:0%
token went up the platform need to
liquidate<00:01:47.000><c> uh</c><00:01:47.119><c> the</c><00:01:47.240><c> loan</c><00:01:48.079><c> because</c><00:01:48.880><c> uh</c><00:01:49.159><c> if</c><00:01:49.280><c> it</c>

00:01:49.429 --> 00:01:49.439 align:start position:0%
liquidate uh the loan because uh if it
 

00:01:49.439 --> 00:01:51.429 align:start position:0%
liquidate uh the loan because uh if it
didn't<00:01:49.960><c> then</c><00:01:50.200><c> there's</c><00:01:50.520><c> just</c><00:01:50.759><c> not</c><00:01:51.079><c> enough</c>

00:01:51.429 --> 00:01:51.439 align:start position:0%
didn't then there's just not enough
 

00:01:51.439 --> 00:01:54.270 align:start position:0%
didn't then there's just not enough
collateral<00:01:52.040><c> to</c><00:01:52.840><c> pay</c><00:01:53.000><c> for</c><00:01:53.200><c> the</c><00:01:53.320><c> loan</c><00:01:54.000><c> most</c><00:01:54.159><c> of</c>

00:01:54.270 --> 00:01:54.280 align:start position:0%
collateral to pay for the loan most of
 

00:01:54.280 --> 00:01:56.789 align:start position:0%
collateral to pay for the loan most of
the<00:01:54.439><c> platforms</c><00:01:55.439><c> um</c><00:01:55.640><c> usually</c><00:01:56.039><c> require</c><00:01:56.520><c> pretty</c>

00:01:56.789 --> 00:01:56.799 align:start position:0%
the platforms um usually require pretty
 

00:01:56.799 --> 00:01:59.230 align:start position:0%
the platforms um usually require pretty
high<00:01:57.000><c> collateral</c><00:01:57.759><c> in</c><00:01:57.960><c> this</c><00:01:58.240><c> case</c><00:01:58.960><c> let's</c>

00:01:59.230 --> 00:01:59.240 align:start position:0%
high collateral in this case let's
 

00:01:59.240 --> 00:02:02.109 align:start position:0%
high collateral in this case let's
assume<00:01:59.520><c> it</c><00:01:59.640><c> was</c><00:02:00.039><c> one</c><00:02:00.320><c> two:</c><00:02:00.719><c> one</c><00:02:01.000><c> ratio</c><00:02:01.759><c> so</c><00:02:01.920><c> if</c><00:02:02.039><c> I</c>

00:02:02.109 --> 00:02:02.119 align:start position:0%
assume it was one two: one ratio so if I
 

00:02:02.119 --> 00:02:05.830 align:start position:0%
assume it was one two: one ratio so if I
want<00:02:02.280><c> to</c><00:02:02.399><c> borrow</c><00:02:03.039><c> $100</c><00:02:04.039><c> I</c><00:02:04.119><c> need</c><00:02:04.280><c> to</c><00:02:04.439><c> give</c><00:02:04.840><c> $200</c>

00:02:05.830 --> 00:02:05.840 align:start position:0%
want to borrow $100 I need to give $200
 

00:02:05.840 --> 00:02:07.150 align:start position:0%
want to borrow $100 I need to give $200
doar<00:02:06.159><c> in</c>

00:02:07.150 --> 00:02:07.160 align:start position:0%
doar in
 

00:02:07.160 --> 00:02:11.830 align:start position:0%
doar in
collateral<00:02:08.160><c> okay</c><00:02:08.959><c> so</c><00:02:09.959><c> I</c><00:02:10.119><c> created</c><00:02:10.679><c> a</c><00:02:11.360><c> simple</c>

00:02:11.830 --> 00:02:11.840 align:start position:0%
collateral okay so I created a simple
 

00:02:11.840 --> 00:02:15.509 align:start position:0%
collateral okay so I created a simple
script<00:02:12.440><c> uh</c><00:02:12.520><c> to</c><00:02:12.680><c> verify</c><00:02:13.280><c> all</c><00:02:13.480><c> the</c><00:02:13.599><c> loans</c><00:02:14.560><c> assets</c>

00:02:15.509 --> 00:02:15.519 align:start position:0%
script uh to verify all the loans assets
 

00:02:15.519 --> 00:02:18.630 align:start position:0%
script uh to verify all the loans assets
and<00:02:16.440><c> collaterals</c><00:02:17.440><c> everything</c><00:02:17.840><c> was</c><00:02:18.080><c> fine</c><00:02:18.480><c> with</c>

00:02:18.630 --> 00:02:18.640 align:start position:0%
and collaterals everything was fine with
 

00:02:18.640 --> 00:02:21.790 align:start position:0%
and collaterals everything was fine with
the<00:02:18.959><c> platform</c><00:02:19.959><c> but</c><00:02:20.440><c> I</c><00:02:20.599><c> decided</c><00:02:21.000><c> to</c><00:02:21.160><c> go</c><00:02:21.319><c> even</c>

00:02:21.790 --> 00:02:21.800 align:start position:0%
the platform but I decided to go even
 

00:02:21.800 --> 00:02:23.910 align:start position:0%
the platform but I decided to go even
deeper

00:02:23.910 --> 00:02:23.920 align:start position:0%
deeper
 

00:02:23.920 --> 00:02:26.430 align:start position:0%
deeper
so<00:02:24.920><c> what</c><00:02:25.040><c> I</c><00:02:25.160><c> noticed</c><00:02:25.640><c> is</c><00:02:25.840><c> that</c><00:02:25.959><c> the</c><00:02:26.120><c> platform</c>

00:02:26.430 --> 00:02:26.440 align:start position:0%
so what I noticed is that the platform
 

00:02:26.440 --> 00:02:28.910 align:start position:0%
so what I noticed is that the platform
was<00:02:26.640><c> very</c><00:02:26.840><c> complex</c><00:02:27.680><c> they</c><00:02:27.879><c> have</c><00:02:28.239><c> very</c><00:02:28.480><c> complex</c>

00:02:28.910 --> 00:02:28.920 align:start position:0%
was very complex they have very complex
 

00:02:28.920 --> 00:02:31.869 align:start position:0%
was very complex they have very complex
Logic<00:02:29.239><c> the</c><00:02:29.400><c> liquidation</c><00:02:30.120><c> the</c><00:02:30.239><c> flesh</c><00:02:30.680><c> loans</c><00:02:31.680><c> uh</c>

00:02:31.869 --> 00:02:31.879 align:start position:0%
Logic the liquidation the flesh loans uh
 

00:02:31.879 --> 00:02:35.589 align:start position:0%
Logic the liquidation the flesh loans uh
support<00:02:32.360><c> for</c><00:02:33.200><c> very</c><00:02:33.440><c> untypical</c><00:02:34.239><c> loans</c><00:02:35.239><c> support</c>

00:02:35.589 --> 00:02:35.599 align:start position:0%
support for very untypical loans support
 

00:02:35.599 --> 00:02:37.990 align:start position:0%
support for very untypical loans support
for<00:02:35.840><c> multiple</c><00:02:36.400><c> assets</c><00:02:37.319><c> and</c><00:02:37.519><c> from</c><00:02:37.760><c> my</c>

00:02:37.990 --> 00:02:38.000 align:start position:0%
for multiple assets and from my
 

00:02:38.000 --> 00:02:40.509 align:start position:0%
for multiple assets and from my
experience<00:02:38.480><c> as</c><00:02:38.840><c> an</c><00:02:39.040><c> auditor</c><00:02:39.959><c> I</c><00:02:40.159><c> quickly</c>

00:02:40.509 --> 00:02:40.519 align:start position:0%
experience as an auditor I quickly
 

00:02:40.519 --> 00:02:42.990 align:start position:0%
experience as an auditor I quickly
notice<00:02:41.319><c> it's</c><00:02:41.560><c> very</c><00:02:41.760><c> easy</c><00:02:41.959><c> to</c><00:02:42.120><c> make</c><00:02:42.239><c> a</c><00:02:42.400><c> mistake</c>

00:02:42.990 --> 00:02:43.000 align:start position:0%
notice it's very easy to make a mistake
 

00:02:43.000 --> 00:02:45.670 align:start position:0%
notice it's very easy to make a mistake
especially<00:02:43.560><c> with</c><00:02:43.840><c> liquidation</c><00:02:44.440><c> process</c><00:02:45.239><c> so</c><00:02:45.519><c> I</c>

00:02:45.670 --> 00:02:45.680 align:start position:0%
especially with liquidation process so I
 

00:02:45.680 --> 00:02:47.190 align:start position:0%
especially with liquidation process so I
already<00:02:46.000><c> was</c><00:02:46.159><c> able</c><00:02:46.400><c> to</c><00:02:46.519><c> see</c><00:02:46.760><c> some</c><00:02:46.920><c> low</c>

00:02:47.190 --> 00:02:47.200 align:start position:0%
already was able to see some low
 

00:02:47.200 --> 00:02:49.910 align:start position:0%
already was able to see some low
severity<00:02:47.760><c> issues</c><00:02:48.560><c> and</c><00:02:48.760><c> I</c><00:02:48.879><c> decided</c><00:02:49.280><c> to</c><00:02:49.640><c> dig</c>

00:02:49.910 --> 00:02:49.920 align:start position:0%
severity issues and I decided to dig
 

00:02:49.920 --> 00:02:51.670 align:start position:0%
severity issues and I decided to dig
deeper<00:02:50.400><c> if</c><00:02:50.519><c> I</c><00:02:50.640><c> can</c><00:02:50.879><c> achieve</c><00:02:51.200><c> something</c><00:02:51.519><c> more</c>

00:02:51.670 --> 00:02:51.680 align:start position:0%
deeper if I can achieve something more
 

00:02:51.680 --> 00:02:54.910 align:start position:0%
deeper if I can achieve something more
with<00:02:52.080><c> them</c><00:02:53.080><c> and</c><00:02:53.720><c> the</c><00:02:53.879><c> most</c><00:02:54.080><c> interesting</c><00:02:54.599><c> part</c>

00:02:54.910 --> 00:02:54.920 align:start position:0%
with them and the most interesting part
 

00:02:54.920 --> 00:02:57.670 align:start position:0%
with them and the most interesting part
was<00:02:55.159><c> liquidation</c><00:02:56.000><c> of</c><00:02:56.599><c> unhealthy</c><00:02:57.080><c> loan</c>

00:02:57.670 --> 00:02:57.680 align:start position:0%
was liquidation of unhealthy loan
 

00:02:57.680 --> 00:02:59.430 align:start position:0%
was liquidation of unhealthy loan
because<00:02:57.879><c> it</c><00:02:58.000><c> worked</c><00:02:58.280><c> like</c><00:02:58.400><c> a</c><00:02:58.480><c> flesh</c><00:02:58.760><c> loan</c><00:02:59.319><c> if</c>

00:02:59.430 --> 00:02:59.440 align:start position:0%
because it worked like a flesh loan if
 

00:02:59.440 --> 00:03:02.509 align:start position:0%
because it worked like a flesh loan if
you<00:02:59.560><c> want</c><00:03:00.000><c> to</c><00:03:00.720><c> liquidate</c><00:03:01.200><c> the</c><00:03:01.319><c> loan</c><00:03:01.959><c> first</c><00:03:02.360><c> you</c>

00:03:02.509 --> 00:03:02.519 align:start position:0%
you want to liquidate the loan first you
 

00:03:02.519 --> 00:03:07.030 align:start position:0%
you want to liquidate the loan first you
get<00:03:02.640><c> a</c><00:03:03.159><c> collateral</c><00:03:04.159><c> then</c><00:03:04.920><c> um</c><00:03:05.720><c> you</c><00:03:06.680><c> and</c><00:03:06.879><c> then</c>

00:03:07.030 --> 00:03:07.040 align:start position:0%
get a collateral then um you and then
 

00:03:07.040 --> 00:03:09.350 align:start position:0%
get a collateral then um you and then
you<00:03:07.239><c> repay</c><00:03:07.599><c> the</c><00:03:07.799><c> depbt</c><00:03:08.480><c> in</c><00:03:08.640><c> this</c><00:03:08.879><c> by</c><00:03:09.040><c> the</c><00:03:09.239><c> in</c>

00:03:09.350 --> 00:03:09.360 align:start position:0%
you repay the depbt in this by the in
 

00:03:09.360 --> 00:03:11.350 align:start position:0%
you repay the depbt in this by the in
the<00:03:09.480><c> end</c><00:03:10.080><c> of</c><00:03:10.200><c> the</c><00:03:10.360><c> transaction</c><00:03:10.879><c> so</c><00:03:11.000><c> it</c><00:03:11.120><c> works</c>

00:03:11.350 --> 00:03:11.360 align:start position:0%
the end of the transaction so it works
 

00:03:11.360 --> 00:03:14.149 align:start position:0%
the end of the transaction so it works
like<00:03:11.480><c> the</c><00:03:11.560><c> flash</c><00:03:11.840><c> loan</c><00:03:12.400><c> you</c><00:03:12.560><c> get</c><00:03:12.760><c> token</c><00:03:13.080><c> X</c><00:03:13.560><c> but</c>

00:03:14.149 --> 00:03:14.159 align:start position:0%
like the flash loan you get token X but
 

00:03:14.159 --> 00:03:17.470 align:start position:0%
like the flash loan you get token X but
you<00:03:14.280><c> are</c><00:03:14.440><c> forced</c><00:03:14.760><c> to</c><00:03:14.920><c> repay</c><00:03:15.640><c> the</c><00:03:15.840><c> token</c><00:03:16.159><c> EG</c><00:03:17.120><c> uh</c>

00:03:17.470 --> 00:03:17.480 align:start position:0%
you are forced to repay the token EG uh
 

00:03:17.480 --> 00:03:19.990 align:start position:0%
you are forced to repay the token EG uh
by<00:03:17.640><c> the</c><00:03:17.720><c> end</c><00:03:17.879><c> of</c><00:03:17.959><c> the</c><00:03:18.239><c> transaction</c><00:03:19.239><c> so</c><00:03:19.799><c> this</c>

00:03:19.990 --> 00:03:20.000 align:start position:0%
by the end of the transaction so this
 

00:03:20.000 --> 00:03:23.070 align:start position:0%
by the end of the transaction so this
kind<00:03:20.159><c> of</c><00:03:20.319><c> logic</c><00:03:20.840><c> is</c><00:03:21.560><c> very</c><00:03:21.879><c> complex</c><00:03:22.680><c> it's</c><00:03:22.879><c> very</c>

00:03:23.070 --> 00:03:23.080 align:start position:0%
kind of logic is very complex it's very
 

00:03:23.080 --> 00:03:25.830 align:start position:0%
kind of logic is very complex it's very
easy<00:03:23.280><c> to</c><00:03:23.400><c> make</c><00:03:23.519><c> a</c><00:03:23.680><c> mistake</c><00:03:24.680><c> so</c><00:03:25.239><c> I</c><00:03:25.360><c> started</c><00:03:25.680><c> to</c>

00:03:25.830 --> 00:03:25.840 align:start position:0%
easy to make a mistake so I started to
 

00:03:25.840 --> 00:03:28.949 align:start position:0%
easy to make a mistake so I started to
search<00:03:26.400><c> okay</c><00:03:26.760><c> how</c><00:03:26.920><c> can</c><00:03:27.040><c> I</c><00:03:27.200><c> abuse</c><00:03:27.519><c> it</c><00:03:27.799><c> to</c><00:03:28.720><c> find</c>

00:03:28.949 --> 00:03:28.959 align:start position:0%
search okay how can I abuse it to find
 

00:03:28.959 --> 00:03:31.670 align:start position:0%
search okay how can I abuse it to find
some<00:03:29.159><c> critical</c><00:03:29.560><c> to</c><00:03:29.799><c> get</c><00:03:29.959><c> some</c><00:03:30.120><c> critical</c><00:03:30.680><c> issue</c>

00:03:31.670 --> 00:03:31.680 align:start position:0%
some critical to get some critical issue
 

00:03:31.680 --> 00:03:34.630 align:start position:0%
some critical to get some critical issue
and<00:03:32.519><c> there</c><00:03:32.640><c> was</c><00:03:32.840><c> another</c><00:03:33.439><c> very</c><00:03:33.680><c> complex</c><00:03:34.120><c> thing</c>

00:03:34.630 --> 00:03:34.640 align:start position:0%
and there was another very complex thing
 

00:03:34.640 --> 00:03:37.830 align:start position:0%
and there was another very complex thing
which<00:03:34.799><c> was</c><00:03:35.159><c> linked</c><00:03:35.599><c> loans</c><00:03:36.599><c> basically</c><00:03:37.400><c> you</c><00:03:37.560><c> are</c>

00:03:37.830 --> 00:03:37.840 align:start position:0%
which was linked loans basically you are
 

00:03:37.840 --> 00:03:41.149 align:start position:0%
which was linked loans basically you are
able<00:03:38.200><c> to</c><00:03:38.680><c> have</c><00:03:39.080><c> multiple</c><00:03:39.599><c> loans</c><00:03:40.400><c> for</c><00:03:40.599><c> a</c><00:03:40.760><c> single</c>

00:03:41.149 --> 00:03:41.159 align:start position:0%
able to have multiple loans for a single
 

00:03:41.159 --> 00:03:43.350 align:start position:0%
able to have multiple loans for a single
collateral<00:03:42.120><c> the</c><00:03:42.280><c> reason</c><00:03:42.640><c> was</c><00:03:42.840><c> you</c><00:03:42.959><c> know</c><00:03:43.159><c> you</c>

00:03:43.350 --> 00:03:43.360 align:start position:0%
collateral the reason was you know you
 

00:03:43.360 --> 00:03:45.750 align:start position:0%
collateral the reason was you know you
want<00:03:43.519><c> to</c><00:03:43.680><c> have</c><00:03:43.799><c> a</c><00:03:43.920><c> loan</c><00:03:44.159><c> for</c><00:03:44.360><c> a</c><00:03:45.120><c> different</c>

00:03:45.750 --> 00:03:45.760 align:start position:0%
want to have a loan for a different
 

00:03:45.760 --> 00:03:48.390 align:start position:0%
want to have a loan for a different
things<00:03:46.560><c> you</c><00:03:46.720><c> can</c><00:03:46.920><c> have</c><00:03:47.080><c> it</c><00:03:47.480><c> so</c><00:03:47.640><c> we</c><00:03:47.840><c> just</c><00:03:48.000><c> create</c>

00:03:48.390 --> 00:03:48.400 align:start position:0%
things you can have it so we just create
 

00:03:48.400 --> 00:03:50.630 align:start position:0%
things you can have it so we just create
one<00:03:48.680><c> account</c><00:03:49.080><c> with</c><00:03:49.280><c> all</c><00:03:49.480><c> the</c><00:03:49.640><c> collateral</c><00:03:50.480><c> and</c>

00:03:50.630 --> 00:03:50.640 align:start position:0%
one account with all the collateral and
 

00:03:50.640 --> 00:03:53.630 align:start position:0%
one account with all the collateral and
then<00:03:50.959><c> create</c><00:03:51.400><c> multiple</c><00:03:51.879><c> loans</c><00:03:52.519><c> linked</c><00:03:52.840><c> to</c>

00:03:53.630 --> 00:03:53.640 align:start position:0%
then create multiple loans linked to
 

00:03:53.640 --> 00:03:56.990 align:start position:0%
then create multiple loans linked to
it<00:03:54.640><c> and</c><00:03:55.040><c> the</c><00:03:55.200><c> important</c><00:03:55.680><c> part</c><00:03:56.079><c> was</c><00:03:56.680><c> how</c><00:03:56.799><c> to</c>

00:03:56.990 --> 00:03:57.000 align:start position:0%
it and the important part was how to
 

00:03:57.000 --> 00:03:59.509 align:start position:0%
it and the important part was how to
create<00:03:57.280><c> a</c><00:03:57.400><c> linked</c><00:03:57.760><c> Clan</c><00:03:58.480><c> so</c><00:03:58.760><c> you</c><00:03:58.920><c> could</c><00:03:59.120><c> do</c><00:03:59.280><c> it</c>

00:03:59.509 --> 00:03:59.519 align:start position:0%
create a linked Clan so you could do it
 

00:03:59.519 --> 00:04:03.789 align:start position:0%
create a linked Clan so you could do it
by<00:03:59.879><c> creating</c><00:04:00.319><c> a</c><00:04:00.720><c> new</c><00:04:01.079><c> empty</c><00:04:01.959><c> loan</c><00:04:02.879><c> with</c><00:04:03.239><c> by</c>

00:04:03.789 --> 00:04:03.799 align:start position:0%
by creating a new empty loan with by
 

00:04:03.799 --> 00:04:06.110 align:start position:0%
by creating a new empty loan with by
with<00:04:03.959><c> no</c><00:04:04.159><c> collateral</c><00:04:05.079><c> and</c><00:04:05.239><c> then</c><00:04:05.480><c> you</c><00:04:05.720><c> you</c><00:04:05.840><c> are</c>

00:04:06.110 --> 00:04:06.120 align:start position:0%
with no collateral and then you you are
 

00:04:06.120 --> 00:04:08.949 align:start position:0%
with no collateral and then you you are
you<00:04:06.280><c> linked</c><00:04:06.640><c> it</c><00:04:06.879><c> to</c><00:04:07.799><c> the</c><00:04:07.959><c> other</c><00:04:08.200><c> loan</c><00:04:08.760><c> which</c>

00:04:08.949 --> 00:04:08.959 align:start position:0%
you linked it to the other loan which
 

00:04:08.959 --> 00:04:11.509 align:start position:0%
you linked it to the other loan which
already<00:04:09.280><c> had</c><00:04:09.480><c> collateral</c><00:04:10.360><c> but</c><00:04:10.599><c> I</c><00:04:10.799><c> I</c><00:04:10.920><c> noticed</c>

00:04:11.509 --> 00:04:11.519 align:start position:0%
already had collateral but I I noticed
 

00:04:11.519 --> 00:04:13.550 align:start position:0%
already had collateral but I I noticed
they<00:04:11.680><c> only</c><00:04:12.159><c> check</c><00:04:12.680><c> if</c><00:04:12.840><c> the</c><00:04:12.920><c> loan</c><00:04:13.239><c> has</c><00:04:13.400><c> no</c>

00:04:13.550 --> 00:04:13.560 align:start position:0%
they only check if the loan has no
 

00:04:13.560 --> 00:04:15.470 align:start position:0%
they only check if the loan has no
collateral<00:04:14.159><c> they</c><00:04:14.280><c> didn't</c><00:04:14.599><c> check</c><00:04:14.840><c> if</c><00:04:15.040><c> loan</c><00:04:15.319><c> has</c>

00:04:15.470 --> 00:04:15.480 align:start position:0%
collateral they didn't check if loan has
 

00:04:15.480 --> 00:04:18.949 align:start position:0%
collateral they didn't check if loan has
any<00:04:15.760><c> depbt</c><00:04:16.479><c> so</c><00:04:17.320><c> that</c><00:04:17.479><c> may</c><00:04:17.600><c> be</c><00:04:17.799><c> a</c><00:04:18.199><c> an</c><00:04:18.400><c> issue</c><00:04:18.799><c> but</c>

00:04:18.949 --> 00:04:18.959 align:start position:0%
any depbt so that may be a an issue but
 

00:04:18.959 --> 00:04:21.590 align:start position:0%
any depbt so that may be a an issue but
the<00:04:19.120><c> question</c><00:04:19.479><c> is</c><00:04:20.400><c> is</c><00:04:20.519><c> it</c><00:04:20.680><c> even</c><00:04:20.959><c> possible</c><00:04:21.359><c> to</c>

00:04:21.590 --> 00:04:21.600 align:start position:0%
the question is is it even possible to
 

00:04:21.600 --> 00:04:24.590 align:start position:0%
the question is is it even possible to
create<00:04:22.360><c> a</c><00:04:22.560><c> loan</c><00:04:23.160><c> with</c><00:04:23.320><c> only</c><00:04:23.639><c> Dept</c><00:04:24.199><c> and</c><00:04:24.320><c> no</c>

00:04:24.590 --> 00:04:24.600 align:start position:0%
create a loan with only Dept and no
 

00:04:24.600 --> 00:04:27.749 align:start position:0%
create a loan with only Dept and no
collateral<00:04:25.600><c> and</c><00:04:25.800><c> actually</c><00:04:26.720><c> there</c><00:04:26.960><c> is</c><00:04:27.600><c> you</c>

00:04:27.749 --> 00:04:27.759 align:start position:0%
collateral and actually there is you
 

00:04:27.759 --> 00:04:29.790 align:start position:0%
collateral and actually there is you
know<00:04:28.280><c> this</c><00:04:28.479><c> liquidation</c><00:04:29.039><c> process</c><00:04:29.400><c> from</c>

00:04:29.790 --> 00:04:29.800 align:start position:0%
know this liquidation process from
 

00:04:29.800 --> 00:04:31.550 align:start position:0%
know this liquidation process from
before<00:04:30.320><c> I</c><00:04:30.440><c> noticed</c><00:04:30.759><c> that</c><00:04:30.919><c> this</c><00:04:31.000><c> is</c><00:04:31.120><c> the</c><00:04:31.240><c> only</c>

00:04:31.550 --> 00:04:31.560 align:start position:0%
before I noticed that this is the only
 

00:04:31.560 --> 00:04:33.469 align:start position:0%
before I noticed that this is the only
place<00:04:32.120><c> which</c><00:04:32.280><c> is</c><00:04:32.440><c> taking</c><00:04:32.759><c> the</c><00:04:32.919><c> collateral</c>

00:04:33.469 --> 00:04:33.479 align:start position:0%
place which is taking the collateral
 

00:04:33.479 --> 00:04:37.790 align:start position:0%
place which is taking the collateral
from<00:04:33.639><c> the</c><00:04:33.800><c> loan</c><00:04:34.800><c> and</c><00:04:35.120><c> then</c><00:04:35.960><c> um</c><00:04:36.720><c> for</c><00:04:36.880><c> a</c><00:04:37.080><c> moment</c>

00:04:37.790 --> 00:04:37.800 align:start position:0%
from the loan and then um for a moment
 

00:04:37.800 --> 00:04:40.029 align:start position:0%
from the loan and then um for a moment
the<00:04:37.919><c> collateral</c><00:04:38.400><c> is</c><00:04:38.520><c> lower</c><00:04:39.240><c> lower</c><00:04:39.759><c> than</c><00:04:39.919><c> it</c>

00:04:40.029 --> 00:04:40.039 align:start position:0%
the collateral is lower lower than it
 

00:04:40.039 --> 00:04:43.430 align:start position:0%
the collateral is lower lower than it
should<00:04:40.280><c> be</c><00:04:41.120><c> of</c><00:04:41.280><c> course</c><00:04:41.800><c> uh</c><00:04:41.960><c> in</c><00:04:42.240><c> in</c><00:04:42.800><c> normally</c>

00:04:43.430 --> 00:04:43.440 align:start position:0%
should be of course uh in in normally
 

00:04:43.440 --> 00:04:45.189 align:start position:0%
should be of course uh in in normally
the<00:04:43.560><c> collateral</c><00:04:44.000><c> is</c><00:04:44.120><c> pretty</c><00:04:44.400><c> high</c><00:04:44.800><c> so</c><00:04:45.080><c> you</c>

00:04:45.189 --> 00:04:45.199 align:start position:0%
the collateral is pretty high so you
 

00:04:45.199 --> 00:04:48.350 align:start position:0%
the collateral is pretty high so you
cannot<00:04:45.520><c> take</c><00:04:46.120><c> everything</c><00:04:47.120><c> but</c><00:04:47.680><c> here's</c><00:04:48.039><c> where</c>

00:04:48.350 --> 00:04:48.360 align:start position:0%
cannot take everything but here's where
 

00:04:48.360 --> 00:04:50.270 align:start position:0%
cannot take everything but here's where
where<00:04:48.479><c> they</c><00:04:48.639><c> made</c><00:04:48.960><c> made</c><00:04:49.120><c> the</c><00:04:49.280><c> mistake</c><00:04:50.120><c> they</c>

00:04:50.270 --> 00:04:50.280 align:start position:0%
where they made made the mistake they
 

00:04:50.280 --> 00:04:53.670 align:start position:0%
where they made made the mistake they
allowed<00:04:51.000><c> to</c><00:04:51.240><c> start</c><00:04:51.880><c> multiple</c><00:04:52.680><c> liquidations</c>

00:04:53.670 --> 00:04:53.680 align:start position:0%
allowed to start multiple liquidations
 

00:04:53.680 --> 00:04:56.510 align:start position:0%
allowed to start multiple liquidations
of<00:04:53.840><c> the</c><00:04:54.000><c> same</c><00:04:54.199><c> Loan</c><00:04:55.080><c> in</c><00:04:55.240><c> the</c><00:04:55.440><c> same</c><00:04:55.680><c> transaction</c>

00:04:56.510 --> 00:04:56.520 align:start position:0%
of the same Loan in the same transaction
 

00:04:56.520 --> 00:05:00.230 align:start position:0%
of the same Loan in the same transaction
so<00:04:56.800><c> I</c><00:04:56.919><c> was</c><00:04:57.120><c> able</c><00:04:57.440><c> to</c><00:04:58.000><c> start</c><00:04:58.520><c> liquidation</c><00:04:59.360><c> twice</c>

00:05:00.230 --> 00:05:00.240 align:start position:0%
so I was able to start liquidation twice
 

00:05:00.240 --> 00:05:02.790 align:start position:0%
so I was able to start liquidation twice
and<00:05:00.560><c> create</c><00:05:00.880><c> a</c><00:05:01.039><c> loan</c><00:05:01.560><c> which</c><00:05:01.759><c> has</c><00:05:02.199><c> for</c><00:05:02.360><c> a</c><00:05:02.479><c> moment</c>

00:05:02.790 --> 00:05:02.800 align:start position:0%
and create a loan which has for a moment
 

00:05:02.800 --> 00:05:04.990 align:start position:0%
and create a loan which has for a moment
no<00:05:03.160><c> collateral</c><00:05:04.160><c> this</c><00:05:04.320><c> transaction</c><00:05:04.800><c> would</c>

00:05:04.990 --> 00:05:05.000 align:start position:0%
no collateral this transaction would
 

00:05:05.000 --> 00:05:08.189 align:start position:0%
no collateral this transaction would
fail<00:05:05.600><c> because</c><00:05:06.320><c> um</c><00:05:06.840><c> then</c><00:05:07.160><c> when</c><00:05:07.320><c> the</c><00:05:07.840><c> then</c><00:05:08.039><c> I</c>

00:05:08.189 --> 00:05:08.199 align:start position:0%
fail because um then when the then I
 

00:05:08.199 --> 00:05:12.029 align:start position:0%
fail because um then when the then I
when<00:05:08.320><c> I</c><00:05:08.440><c> would</c><00:05:08.960><c> like</c><00:05:09.199><c> to</c><00:05:09.400><c> repay</c><00:05:10.039><c> $100</c><00:05:11.039><c> of</c><00:05:11.199><c> debt</c>

00:05:12.029 --> 00:05:12.039 align:start position:0%
when I would like to repay $100 of debt
 

00:05:12.039 --> 00:05:14.110 align:start position:0%
when I would like to repay $100 of debt
there<00:05:12.440><c> wouldn't</c><00:05:12.840><c> be</c>

00:05:14.110 --> 00:05:14.120 align:start position:0%
there wouldn't be
 

00:05:14.120 --> 00:05:16.990 align:start position:0%
there wouldn't be
uh<00:05:15.120><c> enough</c><00:05:15.680><c> depbt</c><00:05:15.960><c> in</c><00:05:16.080><c> a</c><00:05:16.199><c> smart</c><00:05:16.520><c> contract</c><00:05:16.840><c> to</c>

00:05:16.990 --> 00:05:17.000 align:start position:0%
uh enough depbt in a smart contract to
 

00:05:17.000 --> 00:05:18.670 align:start position:0%
uh enough depbt in a smart contract to
actually<00:05:17.240><c> repay</c><00:05:17.600><c> it</c><00:05:17.800><c> so</c><00:05:18.000><c> the</c><00:05:18.120><c> transaction</c>

00:05:18.670 --> 00:05:18.680 align:start position:0%
actually repay it so the transaction
 

00:05:18.680 --> 00:05:22.110 align:start position:0%
actually repay it so the transaction
would<00:05:18.880><c> would</c><00:05:19.039><c> fail</c><00:05:19.880><c> but</c><00:05:20.240><c> fortunately</c><00:05:21.160><c> I</c><00:05:21.280><c> mean</c>

00:05:22.110 --> 00:05:22.120 align:start position:0%
would would fail but fortunately I mean
 

00:05:22.120 --> 00:05:26.070 align:start position:0%
would would fail but fortunately I mean
unfortunately<00:05:23.120><c> for</c><00:05:23.720><c> them</c><00:05:24.720><c> I</c><00:05:24.840><c> found</c><00:05:25.080><c> a</c><00:05:25.280><c> way</c><00:05:25.720><c> to</c>

00:05:26.070 --> 00:05:26.080 align:start position:0%
unfortunately for them I found a way to
 

00:05:26.080 --> 00:05:29.110 align:start position:0%
unfortunately for them I found a way to
fix<00:05:26.400><c> this</c><00:05:26.600><c> issue</c><00:05:27.319><c> so</c><00:05:27.880><c> the</c><00:05:28.039><c> idea</c><00:05:28.400><c> is</c><00:05:28.840><c> okay</c><00:05:29.000><c> I</c>

00:05:29.110 --> 00:05:29.120 align:start position:0%
fix this issue so the idea is okay I
 

00:05:29.120 --> 00:05:31.749 align:start position:0%
fix this issue so the idea is okay I
have<00:05:29.720><c> too</c><00:05:29.840><c> much</c><00:05:30.039><c> depbt</c><00:05:30.840><c> which</c><00:05:31.240><c> I</c><00:05:31.360><c> need</c><00:05:31.560><c> to</c>

00:05:31.749 --> 00:05:31.759 align:start position:0%
have too much depbt which I need to
 

00:05:31.759 --> 00:05:36.189 align:start position:0%
have too much depbt which I need to
repay<00:05:32.720><c> so</c><00:05:33.560><c> to</c><00:05:33.720><c> fix</c><00:05:34.000><c> it</c><00:05:34.400><c> I</c><00:05:34.560><c> simply</c><00:05:34.960><c> need</c><00:05:35.360><c> to</c><00:05:35.639><c> take</c>

00:05:36.189 --> 00:05:36.199 align:start position:0%
repay so to fix it I simply need to take
 

00:05:36.199 --> 00:05:39.430 align:start position:0%
repay so to fix it I simply need to take
after<00:05:36.800><c> linking</c><00:05:37.319><c> this</c><00:05:37.600><c> loan</c><00:05:38.600><c> uh</c><00:05:38.880><c> to</c><00:05:39.120><c> another</c>

00:05:39.430 --> 00:05:39.440 align:start position:0%
after linking this loan uh to another
 

00:05:39.440 --> 00:05:42.629 align:start position:0%
after linking this loan uh to another
one<00:05:40.160><c> I</c><00:05:40.319><c> simply</c><00:05:40.639><c> need</c><00:05:40.880><c> to</c><00:05:41.120><c> take</c><00:05:41.520><c> more</c><00:05:41.880><c> depth</c><00:05:42.440><c> and</c>

00:05:42.629 --> 00:05:42.639 align:start position:0%
one I simply need to take more depth and
 

00:05:42.639 --> 00:05:44.870 align:start position:0%
one I simply need to take more depth and
then<00:05:43.160><c> by</c><00:05:43.319><c> the</c><00:05:43.400><c> end</c><00:05:43.520><c> of</c><00:05:43.680><c> transaction</c><00:05:44.560><c> when</c><00:05:44.720><c> I</c>

00:05:44.870 --> 00:05:44.880 align:start position:0%
then by the end of transaction when I
 

00:05:44.880 --> 00:05:48.230 align:start position:0%
then by the end of transaction when I
try<00:05:45.199><c> to</c><00:05:45.360><c> repay</c><00:05:45.840><c> $100</c><00:05:46.759><c> of</c><00:05:46.960><c> depbt</c><00:05:47.440><c> it's</c><00:05:47.680><c> possible</c>

00:05:48.230 --> 00:05:48.240 align:start position:0%
try to repay $100 of depbt it's possible
 

00:05:48.240 --> 00:05:49.870 align:start position:0%
try to repay $100 of depbt it's possible
so<00:05:48.400><c> I</c><00:05:48.520><c> managed</c><00:05:48.840><c> to</c><00:05:49.039><c> make</c><00:05:49.199><c> this</c><00:05:49.360><c> transaction</c>

00:05:49.870 --> 00:05:49.880 align:start position:0%
so I managed to make this transaction
 

00:05:49.880 --> 00:05:52.950 align:start position:0%
so I managed to make this transaction
work<00:05:50.720><c> and</c><00:05:51.160><c> what</c><00:05:51.280><c> does</c><00:05:51.440><c> it</c><00:05:51.600><c> accomplish</c><00:05:52.400><c> so</c>

00:05:52.950 --> 00:05:52.960 align:start position:0%
work and what does it accomplish so
 

00:05:52.960 --> 00:05:56.710 align:start position:0%
work and what does it accomplish so
first<00:05:53.199><c> of</c><00:05:53.319><c> all</c><00:05:53.800><c> I</c><00:05:53.960><c> amble</c><00:05:54.440><c> I'm</c><00:05:54.720><c> able</c><00:05:55.039><c> to</c><00:05:55.680><c> link</c><00:05:56.479><c> a</c>

00:05:56.710 --> 00:05:56.720 align:start position:0%
first of all I amble I'm able to link a
 

00:05:56.720 --> 00:06:02.510 align:start position:0%
first of all I amble I'm able to link a
loan<00:05:57.479><c> which</c><00:05:57.639><c> has</c><00:05:57.840><c> only</c><00:05:58.160><c> adapt</c><00:05:58.720><c> to</c><00:05:58.960><c> another</c><00:05:59.240><c> one</c>

00:06:02.510 --> 00:06:02.520 align:start position:0%
 
 

00:06:02.520 --> 00:06:05.950 align:start position:0%
 
and<00:06:03.520><c> the</c><00:06:03.759><c> problem</c><00:06:04.080><c> with</c><00:06:04.319><c> this</c><00:06:04.520><c> is</c><00:06:04.960><c> they</c><00:06:05.199><c> assume</c>

00:06:05.950 --> 00:06:05.960 align:start position:0%
and the problem with this is they assume
 

00:06:05.960 --> 00:06:07.790 align:start position:0%
and the problem with this is they assume
they<00:06:06.120><c> assume</c><00:06:06.639><c> that</c><00:06:06.840><c> this</c><00:06:07.039><c> loan</c><00:06:07.440><c> which</c><00:06:07.639><c> I'm</c>

00:06:07.790 --> 00:06:07.800 align:start position:0%
they assume that this loan which I'm
 

00:06:07.800 --> 00:06:11.070 align:start position:0%
they assume that this loan which I'm
linking<00:06:08.639><c> has</c><00:06:08.840><c> no</c><00:06:09.120><c> Dept</c><00:06:09.720><c> so</c><00:06:09.960><c> whenever</c><00:06:10.639><c> whenever</c>

00:06:11.070 --> 00:06:11.080 align:start position:0%
linking has no Dept so whenever whenever
 

00:06:11.080 --> 00:06:14.870 align:start position:0%
linking has no Dept so whenever whenever
I<00:06:11.360><c> was</c><00:06:12.360><c> uh</c><00:06:12.560><c> whenever</c><00:06:12.960><c> I</c><00:06:13.080><c> was</c><00:06:13.479><c> repaying</c><00:06:14.479><c> linking</c>

00:06:14.870 --> 00:06:14.880 align:start position:0%
I was uh whenever I was repaying linking
 

00:06:14.880 --> 00:06:18.230 align:start position:0%
I was uh whenever I was repaying linking
the<00:06:15.000><c> loan</c><00:06:15.680><c> the</c><00:06:15.919><c> dept</c><00:06:16.440><c> wasn't</c><00:06:16.880><c> added</c><00:06:17.639><c> to</c><00:06:17.919><c> the</c>

00:06:18.230 --> 00:06:18.240 align:start position:0%
the loan the dept wasn't added to the
 

00:06:18.240 --> 00:06:21.950 align:start position:0%
the loan the dept wasn't added to the
master<00:06:18.680><c> loan</c>

00:06:21.950 --> 00:06:21.960 align:start position:0%
 
 

00:06:21.960 --> 00:06:25.629 align:start position:0%
 
however<00:06:22.960><c> when</c><00:06:23.120><c> I</c><00:06:23.280><c> was</c><00:06:24.120><c> repaying</c><00:06:24.759><c> this</c>

00:06:25.629 --> 00:06:25.639 align:start position:0%
however when I was repaying this
 

00:06:25.639 --> 00:06:28.029 align:start position:0%
however when I was repaying this
repaying<00:06:26.039><c> the</c><00:06:26.199><c> debt</c><00:06:26.720><c> it</c><00:06:26.840><c> was</c><00:06:27.000><c> being</c><00:06:27.319><c> removed</c>

00:06:28.029 --> 00:06:28.039 align:start position:0%
repaying the debt it was being removed
 

00:06:28.039 --> 00:06:31.430 align:start position:0%
repaying the debt it was being removed
from<00:06:28.319><c> the</c><00:06:28.720><c> mother</c><00:06:29.080><c> loan</c><00:06:29.639><c> Master</c><00:06:29.960><c> loan</c><00:06:30.800><c> so</c><00:06:31.280><c> in</c>

00:06:31.430 --> 00:06:31.440 align:start position:0%
from the mother loan Master loan so in
 

00:06:31.440 --> 00:06:33.430 align:start position:0%
from the mother loan Master loan so in
the<00:06:31.560><c> end</c><00:06:32.240><c> by</c><00:06:32.400><c> doing</c><00:06:32.759><c> this</c><00:06:33.000><c> complex</c>

00:06:33.430 --> 00:06:33.440 align:start position:0%
the end by doing this complex
 

00:06:33.440 --> 00:06:36.390 align:start position:0%
the end by doing this complex
transaction<00:06:34.319><c> I</c><00:06:34.440><c> was</c><00:06:34.680><c> able</c><00:06:35.160><c> to</c><00:06:35.360><c> remove</c><00:06:36.080><c> some</c>

00:06:36.390 --> 00:06:36.400 align:start position:0%
transaction I was able to remove some
 

00:06:36.400 --> 00:06:39.309 align:start position:0%
transaction I was able to remove some
depth<00:06:36.919><c> from</c><00:06:37.120><c> the</c><00:06:37.319><c> system</c><00:06:38.240><c> uh</c><00:06:38.639><c> from</c><00:06:38.840><c> the</c><00:06:39.000><c> master</c>

00:06:39.309 --> 00:06:39.319 align:start position:0%
depth from the system uh from the master
 

00:06:39.319 --> 00:06:41.589 align:start position:0%
depth from the system uh from the master
loan<00:06:39.880><c> so</c><00:06:40.080><c> with</c><00:06:40.280><c> every</c><00:06:40.560><c> transaction</c><00:06:41.319><c> I</c><00:06:41.400><c> was</c>

00:06:41.589 --> 00:06:41.599 align:start position:0%
loan so with every transaction I was
 

00:06:41.599 --> 00:06:45.110 align:start position:0%
loan so with every transaction I was
able<00:06:41.840><c> to</c><00:06:41.960><c> steal</c><00:06:42.759><c> some</c><00:06:43.000><c> amount</c><00:06:43.560><c> of</c><00:06:43.720><c> the</c><00:06:44.120><c> money</c>

00:06:45.110 --> 00:06:45.120 align:start position:0%
able to steal some amount of the money
 

00:06:45.120 --> 00:06:47.950 align:start position:0%
able to steal some amount of the money
so<00:06:45.800><c> now</c><00:06:45.960><c> I</c><00:06:46.080><c> knew</c><00:06:46.319><c> I</c><00:06:46.440><c> had</c><00:06:46.759><c> exploit</c><00:06:47.400><c> I</c><00:06:47.520><c> decided</c><00:06:47.840><c> to</c>

00:06:47.950 --> 00:06:47.960 align:start position:0%
so now I knew I had exploit I decided to
 

00:06:47.960 --> 00:06:50.950 align:start position:0%
so now I knew I had exploit I decided to
code<00:06:48.199><c> it</c><00:06:48.479><c> spend</c><00:06:48.759><c> the</c><00:06:48.919><c> next</c><00:06:49.199><c> 30</c><00:06:49.639><c> 30</c><00:06:49.960><c> hours</c>

00:06:50.950 --> 00:06:50.960 align:start position:0%
code it spend the next 30 30 hours
 

00:06:50.960 --> 00:06:53.150 align:start position:0%
code it spend the next 30 30 hours
basically<00:06:51.560><c> during</c><00:06:51.880><c> the</c><00:06:52.039><c> two</c><00:06:52.240><c> days</c><00:06:52.759><c> to</c><00:06:52.919><c> write</c>

00:06:53.150 --> 00:06:53.160 align:start position:0%
basically during the two days to write
 

00:06:53.160 --> 00:06:55.270 align:start position:0%
basically during the two days to write
the<00:06:53.319><c> exploit</c><00:06:54.000><c> it</c><00:06:54.120><c> was</c><00:06:54.319><c> hard</c><00:06:54.599><c> than</c><00:06:54.840><c> expected</c>

00:06:55.270 --> 00:06:55.280 align:start position:0%
the exploit it was hard than expected
 

00:06:55.280 --> 00:06:56.950 align:start position:0%
the exploit it was hard than expected
because<00:06:55.479><c> they</c><00:06:55.599><c> had</c><00:06:55.720><c> a</c><00:06:55.840><c> lot</c><00:06:56.000><c> of</c><00:06:56.120><c> Runing</c><00:06:56.599><c> issues</c>

00:06:56.950 --> 00:06:56.960 align:start position:0%
because they had a lot of Runing issues
 

00:06:56.960 --> 00:07:00.390 align:start position:0%
because they had a lot of Runing issues
so<00:06:57.120><c> it</c><00:06:57.240><c> wasn't</c><00:06:57.479><c> so</c><00:06:57.639><c> simple</c><00:06:57.960><c> to</c><00:06:58.520><c> um</c><00:06:59.199><c> to</c><00:06:59.599><c> to</c><00:07:00.120><c> um</c>

00:07:00.390 --> 00:07:00.400 align:start position:0%
so it wasn't so simple to um to to um
 

00:07:00.400 --> 00:07:02.629 align:start position:0%
so it wasn't so simple to um to to um
remove<00:07:00.759><c> all</c><00:07:01.039><c> collateral</c><00:07:01.520><c> to</c><00:07:01.639><c> be</c><00:07:01.800><c> exactly</c><00:07:02.199><c> zero</c>

00:07:02.629 --> 00:07:02.639 align:start position:0%
remove all collateral to be exactly zero
 

00:07:02.639 --> 00:07:05.350 align:start position:0%
remove all collateral to be exactly zero
but<00:07:02.759><c> they</c><00:07:02.919><c> managed</c><00:07:03.199><c> to</c><00:07:03.360><c> do</c><00:07:03.520><c> it</c><00:07:04.440><c> so</c><00:07:04.840><c> when</c><00:07:05.000><c> I</c><00:07:05.080><c> run</c>

00:07:05.350 --> 00:07:05.360 align:start position:0%
but they managed to do it so when I run
 

00:07:05.360 --> 00:07:08.270 align:start position:0%
but they managed to do it so when I run
the<00:07:05.479><c> exploit</c><00:07:06.319><c> it</c><00:07:06.440><c> was</c><00:07:06.720><c> of</c><00:07:06.840><c> course</c><00:07:07.039><c> on</c><00:07:07.160><c> a</c><00:07:07.319><c> testet</c>

00:07:08.270 --> 00:07:08.280 align:start position:0%
the exploit it was of course on a testet
 

00:07:08.280 --> 00:07:10.950 align:start position:0%
the exploit it was of course on a testet
which<00:07:08.720><c> I</c><00:07:09.039><c> I</c><00:07:09.240><c> created</c><00:07:09.680><c> by</c><00:07:09.840><c> copying</c><00:07:10.280><c> the</c><00:07:10.639><c> main</c>

00:07:10.950 --> 00:07:10.960 align:start position:0%
which I I created by copying the main
 

00:07:10.960 --> 00:07:13.790 align:start position:0%
which I I created by copying the main
database<00:07:11.759><c> in</c><00:07:11.960><c> 15</c><00:07:12.280><c> minutes</c><00:07:12.919><c> by</c><00:07:13.039><c> doing</c><00:07:13.319><c> 1,000</c>

00:07:13.790 --> 00:07:13.800 align:start position:0%
database in 15 minutes by doing 1,000
 

00:07:13.800 --> 00:07:16.670 align:start position:0%
database in 15 minutes by doing 1,000
transactions<00:07:14.560><c> I</c><00:07:14.680><c> was</c><00:07:14.919><c> able</c><00:07:15.240><c> to</c><00:07:15.720><c> extract</c>

00:07:16.670 --> 00:07:16.680 align:start position:0%
transactions I was able to extract
 

00:07:16.680 --> 00:07:21.070 align:start position:0%
transactions I was able to extract
everything<00:07:17.680><c> and</c><00:07:18.360><c> yeah</c><00:07:18.520><c> it</c><00:07:18.639><c> was</c><00:07:18.759><c> $1.1</c><00:07:20.080><c> Million</c>

00:07:21.070 --> 00:07:21.080 align:start position:0%
everything and yeah it was $1.1 Million
 

00:07:21.080 --> 00:07:23.110 align:start position:0%
everything and yeah it was $1.1 Million
so<00:07:21.400><c> 15</c><00:07:21.800><c> minutes</c><00:07:22.400><c> and</c><00:07:22.520><c> of</c><00:07:22.639><c> course</c><00:07:22.840><c> then</c><00:07:22.960><c> I</c>

00:07:23.110 --> 00:07:23.120 align:start position:0%
so 15 minutes and of course then I
 

00:07:23.120 --> 00:07:26.430 align:start position:0%
so 15 minutes and of course then I
contacted

00:07:26.430 --> 00:07:26.440 align:start position:0%
 
 

00:07:26.440 --> 00:07:30.830 align:start position:0%
 
there<00:07:27.440><c> yeah</c>

00:07:30.830 --> 00:07:30.840 align:start position:0%
 
 

00:07:30.840 --> 00:07:32.629 align:start position:0%
 
and<00:07:31.000><c> then</c><00:07:31.199><c> I</c><00:07:31.319><c> contacted</c><00:07:31.759><c> the</c><00:07:31.960><c> project</c><00:07:32.400><c> and</c><00:07:32.520><c> we</c>

00:07:32.629 --> 00:07:32.639 align:start position:0%
and then I contacted the project and we
 

00:07:32.639 --> 00:07:35.350 align:start position:0%
and then I contacted the project and we
fixed<00:07:32.919><c> the</c><00:07:33.080><c> issue</c><00:07:33.599><c> so</c><00:07:34.160><c> it</c><00:07:34.319><c> worked</c><00:07:34.680><c> well</c><00:07:34.919><c> for</c>

00:07:35.350 --> 00:07:35.360 align:start position:0%
fixed the issue so it worked well for
 

00:07:35.360 --> 00:07:37.710 align:start position:0%
fixed the issue so it worked well for
everyone<00:07:36.360><c> and</c><00:07:36.520><c> then</c><00:07:36.720><c> I</c><00:07:36.919><c> put</c><00:07:37.080><c> a</c><00:07:37.160><c> lot</c><00:07:37.319><c> of</c><00:07:37.400><c> money</c>

00:07:37.710 --> 00:07:37.720 align:start position:0%
everyone and then I put a lot of money
 

00:07:37.720 --> 00:07:39.909 align:start position:0%
everyone and then I put a lot of money
there<00:07:38.080><c> because</c><00:07:38.560><c> the</c><00:07:38.960><c> returns</c><00:07:39.199><c> were</c><00:07:39.560><c> crazy</c>

00:07:39.909 --> 00:07:39.919 align:start position:0%
there because the returns were crazy
 

00:07:39.919 --> 00:07:43.550 align:start position:0%
there because the returns were crazy
high<00:07:40.639><c> so</c><00:07:41.400><c> last</c><00:07:41.680><c> thing</c><00:07:42.000><c> my</c><00:07:42.199><c> recommendations</c><00:07:43.160><c> to</c>

00:07:43.550 --> 00:07:43.560 align:start position:0%
high so last thing my recommendations to
 

00:07:43.560 --> 00:07:46.430 align:start position:0%
high so last thing my recommendations to
how<00:07:43.680><c> to</c><00:07:43.879><c> avoid</c><00:07:44.280><c> this</c><00:07:44.840><c> first</c><00:07:45.080><c> of</c><00:07:45.240><c> all</c><00:07:46.000><c> don't</c><00:07:46.240><c> go</c>

00:07:46.430 --> 00:07:46.440 align:start position:0%
how to avoid this first of all don't go
 

00:07:46.440 --> 00:07:48.029 align:start position:0%
how to avoid this first of all don't go
into<00:07:46.680><c> such</c><00:07:46.919><c> complex</c><00:07:47.319><c> logic</c><00:07:47.639><c> if</c><00:07:47.759><c> you</c><00:07:47.840><c> don't</c>

00:07:48.029 --> 00:07:48.039 align:start position:0%
into such complex logic if you don't
 

00:07:48.039 --> 00:07:49.990 align:start position:0%
into such complex logic if you don't
need<00:07:48.240><c> to</c><00:07:48.599><c> keep</c><00:07:48.800><c> your</c><00:07:49.000><c> projects</c><00:07:49.360><c> as</c><00:07:49.479><c> simple</c><00:07:49.759><c> as</c>

00:07:49.990 --> 00:07:50.000 align:start position:0%
need to keep your projects as simple as
 

00:07:50.000 --> 00:07:52.230 align:start position:0%
need to keep your projects as simple as
possible<00:07:51.000><c> especially</c><00:07:51.479><c> if</c><00:07:51.599><c> you</c><00:07:51.720><c> can't</c><00:07:51.960><c> test</c>

00:07:52.230 --> 00:07:52.240 align:start position:0%
possible especially if you can't test
 

00:07:52.240 --> 00:07:54.589 align:start position:0%
possible especially if you can't test
something<00:07:52.599><c> just</c><00:07:52.800><c> don't</c><00:07:53.039><c> write</c><00:07:53.280><c> it</c><00:07:54.120><c> um</c><00:07:54.319><c> have</c><00:07:54.479><c> a</c>

00:07:54.589 --> 00:07:54.599 align:start position:0%
something just don't write it um have a
 

00:07:54.599 --> 00:07:57.230 align:start position:0%
something just don't write it um have a
developer<00:07:55.120><c> with</c><00:07:55.639><c> uh</c><00:07:56.280><c> experience</c><00:07:56.720><c> in</c><00:07:56.879><c> cyber</c>

00:07:57.230 --> 00:07:57.240 align:start position:0%
developer with uh experience in cyber
 

00:07:57.240 --> 00:07:59.830 align:start position:0%
developer with uh experience in cyber
security<00:07:58.120><c> of</c><00:07:58.240><c> course</c><00:07:58.440><c> they</c><00:07:58.639><c> can</c><00:07:58.800><c> audit</c><00:07:59.520><c> have</c><00:07:59.599><c> a</c>

00:07:59.830 --> 00:07:59.840 align:start position:0%
security of course they can audit have a
 

00:07:59.840 --> 00:08:01.790 align:start position:0%
security of course they can audit have a
bounty<00:08:00.159><c> program</c><00:08:01.000><c> they</c><00:08:01.120><c> didn't</c><00:08:01.520><c> but</c><00:08:01.639><c> I</c>

00:08:01.790 --> 00:08:01.800 align:start position:0%
bounty program they didn't but I
 

00:08:01.800 --> 00:08:05.110 align:start position:0%
bounty program they didn't but I
contacted<00:08:02.319><c> them</c><00:08:02.599><c> on</c><00:08:02.759><c> Telegram</c><00:08:03.400><c> and</c><00:08:04.199><c> we</c><00:08:04.639><c> we've</c>

00:08:05.110 --> 00:08:05.120 align:start position:0%
contacted them on Telegram and we we've
 

00:08:05.120 --> 00:08:07.070 align:start position:0%
contacted them on Telegram and we we've
found<00:08:05.400><c> out</c><00:08:05.599><c> the</c><00:08:05.759><c> way</c><00:08:06.240><c> how</c><00:08:06.360><c> to</c><00:08:06.520><c> cooperate</c><00:08:06.879><c> on</c>

00:08:07.070 --> 00:08:07.080 align:start position:0%
found out the way how to cooperate on
 

00:08:07.080 --> 00:08:10.189 align:start position:0%
found out the way how to cooperate on
that<00:08:07.800><c> okay</c><00:08:07.960><c> write</c><00:08:08.680><c> write</c><00:08:09.000><c> as</c><00:08:09.199><c> many</c><00:08:09.479><c> tests</c><00:08:09.960><c> and</c>

00:08:10.189 --> 00:08:10.199 align:start position:0%
that okay write write as many tests and
 

00:08:10.199 --> 00:08:13.309 align:start position:0%
that okay write write as many tests and
use<00:08:10.560><c> platforms</c><00:08:11.400><c> which</c><00:08:12.080><c> um</c><00:08:12.840><c> which</c><00:08:12.960><c> can</c><00:08:13.120><c> help</c>

00:08:13.309 --> 00:08:13.319 align:start position:0%
use platforms which um which can help
 

00:08:13.319 --> 00:08:16.149 align:start position:0%
use platforms which um which can help
you<00:08:13.440><c> to</c><00:08:13.599><c> stop</c><00:08:13.879><c> attacks</c><00:08:14.520><c> uh</c><00:08:14.800><c> if</c><00:08:15.280><c> if</c><00:08:15.520><c> they</c><00:08:15.639><c> can</c><00:08:15.759><c> be</c>

00:08:16.149 --> 00:08:16.159 align:start position:0%
you to stop attacks uh if if they can be
 

00:08:16.159 --> 00:08:18.990 align:start position:0%
you to stop attacks uh if if they can be
detected<00:08:17.159><c> so</c><00:08:17.720><c> uh</c><00:08:17.879><c> if</c><00:08:18.000><c> you</c><00:08:18.159><c> would</c><00:08:18.400><c> like</c><00:08:18.599><c> to</c><00:08:18.800><c> talk</c>

00:08:18.990 --> 00:08:19.000 align:start position:0%
detected so uh if you would like to talk
 

00:08:19.000 --> 00:08:21.830 align:start position:0%
detected so uh if you would like to talk
more<00:08:19.360><c> about</c><00:08:19.840><c> this</c><00:08:20.039><c> issue</c><00:08:20.879><c> I</c><00:08:21.000><c> have</c><00:08:21.159><c> La</c><00:08:21.520><c> top</c><00:08:21.720><c> with</c>

00:08:21.830 --> 00:08:21.840 align:start position:0%
more about this issue I have La top with
 

00:08:21.840 --> 00:08:23.550 align:start position:0%
more about this issue I have La top with
me<00:08:22.039><c> we</c><00:08:22.159><c> have</c><00:08:22.319><c> talk</c><00:08:22.720><c> an</c><00:08:22.879><c> hour</c><00:08:23.159><c> about</c><00:08:23.360><c> this</c>

00:08:23.550 --> 00:08:23.560 align:start position:0%
me we have talk an hour about this
 

00:08:23.560 --> 00:08:24.990 align:start position:0%
me we have talk an hour about this
because<00:08:23.720><c> it</c><00:08:23.840><c> was</c><00:08:24.039><c> quite</c><00:08:24.280><c> more</c><00:08:24.479><c> complex</c><00:08:24.840><c> than</c>

00:08:24.990 --> 00:08:25.000 align:start position:0%
because it was quite more complex than
 

00:08:25.000 --> 00:08:27.830 align:start position:0%
because it was quite more complex than
I'm<00:08:25.120><c> showing</c><00:08:25.520><c> here</c><00:08:26.000><c> then</c><00:08:26.159><c> feel</c><00:08:26.479><c> free</c><00:08:26.759><c> to</c><00:08:27.560><c> catch</c>

00:08:27.830 --> 00:08:27.840 align:start position:0%
I'm showing here then feel free to catch
 

00:08:27.840 --> 00:08:30.909 align:start position:0%
I'm showing here then feel free to catch
me<00:08:28.199><c> I'm</c><00:08:28.360><c> easy</c><00:08:28.560><c> to</c><00:08:28.720><c> found</c><00:08:29.240><c> so</c><00:08:29.520><c> so</c><00:08:30.120><c> thank</c><00:08:30.319><c> you</c><00:08:30.560><c> any</c>

00:08:30.909 --> 00:08:30.919 align:start position:0%
me I'm easy to found so so thank you any
 

00:08:30.919 --> 00:08:33.029 align:start position:0%
me I'm easy to found so so thank you any
questions

00:08:33.029 --> 00:08:33.039 align:start position:0%
questions
 

00:08:33.039 --> 00:08:35.149 align:start position:0%
questions
Applause<00:08:34.039><c> so</c><00:08:34.200><c> we</c><00:08:34.320><c> are</c><00:08:34.440><c> short</c><00:08:34.640><c> on</c><00:08:34.839><c> time</c><00:08:35.039><c> we're</c>

00:08:35.149 --> 00:08:35.159 align:start position:0%
Applause so we are short on time we're
 

00:08:35.159 --> 00:08:40.469 align:start position:0%
Applause so we are short on time we're
going<00:08:35.240><c> to</c><00:08:35.440><c> take</c><00:08:35.680><c> we're</c><00:08:35.800><c> going</c><00:08:35.919><c> to</c><00:08:36.080><c> take</c><00:08:36.279><c> one</c>

00:08:40.469 --> 00:08:40.479 align:start position:0%
 
 

00:08:40.479 --> 00:08:44.430 align:start position:0%
 
question<00:08:41.479><c> it's</c><00:08:41.680><c> the</c><00:08:41.760><c> flying</c><00:08:42.399><c> mic</c><00:08:43.399><c> um</c><00:08:44.159><c> if</c><00:08:44.279><c> a</c>

00:08:44.430 --> 00:08:44.440 align:start position:0%
question it's the flying mic um if a
 

00:08:44.440 --> 00:08:47.590 align:start position:0%
question it's the flying mic um if a
user<00:08:45.160><c> is</c><00:08:45.320><c> sending</c><00:08:45.880><c> earc</c><00:08:46.360><c> 20</c><00:08:46.760><c> tokens</c><00:08:47.240><c> to</c><00:08:47.399><c> a</c>

00:08:47.590 --> 00:08:47.600 align:start position:0%
user is sending earc 20 tokens to a
 

00:08:47.600 --> 00:08:49.190 align:start position:0%
user is sending earc 20 tokens to a
contract<00:08:48.120><c> which</c><00:08:48.240><c> is</c><00:08:48.440><c> not</c><00:08:48.680><c> designed</c><00:08:49.040><c> to</c>

00:08:49.190 --> 00:08:49.200 align:start position:0%
contract which is not designed to
 

00:08:49.200 --> 00:08:51.949 align:start position:0%
contract which is not designed to
receive<00:08:49.600><c> them</c><00:08:50.240><c> then</c><00:08:50.440><c> these</c><00:08:50.640><c> tokens</c><00:08:51.120><c> are</c><00:08:51.600><c> are</c>

00:08:51.949 --> 00:08:51.959 align:start position:0%
receive them then these tokens are are
 

00:08:51.959 --> 00:08:55.750 align:start position:0%
receive them then these tokens are are
are<00:08:52.160><c> lost</c><00:08:53.160><c> this</c><00:08:53.480><c> cannot</c><00:08:53.959><c> happen</c><00:08:54.519><c> with</c><00:08:54.800><c> a</c><00:08:55.040><c> ERC</c>

00:08:55.750 --> 00:08:55.760 align:start position:0%
are lost this cannot happen with a ERC
 

00:08:55.760 --> 00:09:00.630 align:start position:0%
are lost this cannot happen with a ERC
to<00:08:56.120><c> fre</c><00:08:56.839><c> nft</c><00:08:57.600><c> or</c><00:08:58.200><c> native</c><00:08:58.600><c> currency</c><00:08:59.800><c> there</c><00:09:00.040><c> are</c>

00:09:00.630 --> 00:09:00.640 align:start position:0%
to fre nft or native currency there are
 

00:09:00.640 --> 00:09:05.069 align:start position:0%
to fre nft or native currency there are
$15<00:09:01.640><c> million</c><00:09:02.399><c> loss</c><00:09:03.160><c> because</c>

00:09:05.069 --> 00:09:05.079 align:start position:0%
$15 million loss because
 

00:09:05.079 --> 00:09:09.269 align:start position:0%
$15 million loss because
of<00:09:06.079><c> trans</c><00:09:06.640><c> problem</c><00:09:07.000><c> now</c><00:09:07.440><c> do</c><00:09:07.560><c> you</c><00:09:07.680><c> think</c>

00:09:09.269 --> 00:09:09.279 align:start position:0%
of trans problem now do you think
 

00:09:09.279 --> 00:09:11.430 align:start position:0%
of trans problem now do you think
about<00:09:10.279><c> I</c><00:09:10.320><c> don't</c><00:09:10.519><c> know</c><00:09:10.680><c> what</c><00:09:10.800><c> to</c><00:09:10.920><c> think</c><00:09:11.200><c> about</c>

00:09:11.430 --> 00:09:11.440 align:start position:0%
about I don't know what to think about
 

00:09:11.440 --> 00:09:14.310 align:start position:0%
about I don't know what to think about
it<00:09:11.959><c> I</c><00:09:12.040><c> mean</c><00:09:12.880><c> I</c><00:09:13.040><c> would</c><00:09:13.399><c> need</c><00:09:13.680><c> more</c><00:09:13.959><c> time</c><00:09:14.200><c> you</c>

00:09:14.310 --> 00:09:14.320 align:start position:0%
it I mean I would need more time you
 

00:09:14.320 --> 00:09:17.630 align:start position:0%
it I mean I would need more time you
know<00:09:14.560><c> to</c><00:09:14.880><c> see</c><00:09:15.200><c> this</c><00:09:15.440><c> in</c><00:09:15.959><c> details</c>

00:09:17.630 --> 00:09:17.640 align:start position:0%
know to see this in details
 

00:09:17.640 --> 00:09:20.750 align:start position:0%
know to see this in details
uh<00:09:18.640><c> I</c><00:09:18.760><c> show</c><00:09:19.000><c> details</c><00:09:19.480><c> you</c><00:09:19.839><c> okay</c><00:09:20.399><c> yeah</c><00:09:20.560><c> sure</c>

00:09:20.750 --> 00:09:20.760 align:start position:0%
uh I show details you okay yeah sure
 

00:09:20.760 --> 00:09:22.310 align:start position:0%
uh I show details you okay yeah sure
sure<00:09:20.959><c> we</c><00:09:21.079><c> can</c><00:09:21.240><c> talk</c><00:09:21.480><c> about</c><00:09:21.640><c> it</c><00:09:21.800><c> in</c><00:09:21.920><c> a</c><00:09:22.079><c> in</c><00:09:22.160><c> a</c>

00:09:22.310 --> 00:09:22.320 align:start position:0%
sure we can talk about it in a in a
 

00:09:22.320 --> 00:09:24.710 align:start position:0%
sure we can talk about it in a in a
second<00:09:23.079><c> okay</c><00:09:23.320><c> so</c><00:09:23.640><c> another</c><00:09:23.959><c> round</c><00:09:24.200><c> of</c><00:09:24.360><c> applause</c>

00:09:24.710 --> 00:09:24.720 align:start position:0%
second okay so another round of applause
 

00:09:24.720 --> 00:09:28.839 align:start position:0%
second okay so another round of applause
for<00:09:24.920><c> baros</c><00:09:25.480><c> time</c><00:09:25.640><c> is</c><00:09:25.839><c> up</c>