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 --> 00:00:09.030 align:start position:0% [Music] 00:00:09.030 --> 00:00:09.040 align:start position:0% [Music] 00:00:09.040 --> 00:00:11.070 align:start position:0% [Music] everybody<00:00:09.599> my<00:00:09.760> name<00:00:09.880> is<00:00:10.040> m<00:00:10.480> i<00:00:10.559> was<00:00:10.719> previously 00:00:11.070 --> 00:00:11.080 align:start position:0% everybody my name is m i was previously 00:00:11.080 --> 00:00:13.070 align:start position:0% everybody my name is m i was previously one<00:00:11.160> of<00:00:11.280> the<00:00:11.360> co-founders<00:00:11.799> of<00:00:11.920> wallard<00:00:12.840> now<00:00:12.960> I 00:00:13.070 --> 00:00:13.080 align:start position:0% one of the co-founders of wallard now I 00:00:13.080 --> 00:00:15.430 align:start position:0% one of the co-founders of wallard now I do<00:00:13.240> security<00:00:13.599> R&D<00:00:14.040> at<00:00:14.160> metamask<00:00:15.040> today<00:00:15.320> we're 00:00:15.430 --> 00:00:15.440 align:start position:0% do security R&D at metamask today we're 00:00:15.440 --> 00:00:16.830 align:start position:0% do security R&D at metamask today we're going<00:00:15.559> to<00:00:15.679> talk<00:00:15.839> about<00:00:16.119> the<00:00:16.240> evolution<00:00:16.640> of 00:00:16.830 --> 00:00:16.840 align:start position:0% going to talk about the evolution of 00:00:16.840 --> 00:00:19.269 align:start position:0% going to talk about the evolution of scams<00:00:17.800> uh<00:00:17.880> throughout<00:00:18.160> the<00:00:18.279> crypto<00:00:18.640> space 00:00:19.269 --> 00:00:19.279 align:start position:0% scams uh throughout the crypto space 00:00:19.279 --> 00:00:22.189 align:start position:0% scams uh throughout the crypto space specifically<00:00:19.920> pertaining<00:00:20.320> to<00:00:20.480> end 00:00:22.189 --> 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your seed phase<00:00:29.279> here<00:00:29.519> scams<00:00:30.199> your<00:00:30.439> typical<00:00:30.720> seed<00:00:30.960> pH 00:00:31.269 --> 00:00:31.279 align:start position:0% phase here scams your typical seed pH 00:00:31.279 --> 00:00:32.670 align:start position:0% phase here scams your typical seed pH Steelers<00:00:31.640> when<00:00:31.759> you<00:00:31.840> end<00:00:32.000> up<00:00:32.119> on<00:00:32.239> a<00:00:32.360> fishing 00:00:32.670 --> 00:00:32.680 align:start position:0% Steelers when you end up on a fishing 00:00:32.680 --> 00:00:34.990 align:start position:0% Steelers when you end up on a fishing website<00:00:33.559> you<00:00:33.760> also<00:00:34.040> have<00:00:34.280> those<00:00:34.640> send<00:00:34.879> your 00:00:34.990 --> 00:00:35.000 align:start position:0% website you also have those send your 00:00:35.000 --> 00:00:36.510 align:start position:0% website you also have those send your money<00:00:35.320> here<00:00:35.480> and<00:00:35.559> we'll<00:00:35.760> double<00:00:36.000> it<00:00:36.160> I'm<00:00:36.239> sure 00:00:36.510 --> 00:00:36.520 align:start position:0% money here and we'll double it I'm sure 00:00:36.520 --> 00:00:38.389 align:start position:0% money here and we'll double it I'm sure everybody<00:00:36.840> has<00:00:37.000> seen<00:00:37.320> this<00:00:37.520> across<00:00:37.960> Twitter 00:00:38.389 --> 00:00:38.399 align:start position:0% everybody has seen this across Twitter 00:00:38.399 --> 00:00:40.590 align:start position:0% everybody has seen this across Twitter or<00:00:38.559> some<00:00:38.680> of<00:00:38.800> these<00:00:38.960> other<00:00:39.480> platforms<00:00:40.480> and 00:00:40.590 --> 00:00:40.600 align:start position:0% or some of these other platforms and 00:00:40.600 --> 00:00:42.150 align:start position:0% or some of these other platforms and then<00:00:40.800> you<00:00:41.000> also<00:00:41.239> have<00:00:41.399> some<00:00:41.520> of<00:00:41.680> these<00:00:41.920> other 00:00:42.150 --> 00:00:42.160 align:start position:0% then you also have some of these other 00:00:42.160 --> 00:00:44.229 align:start position:0% then you also have some of these other types<00:00:42.360> of<00:00:42.440> scam<00:00:42.760> methodologies<00:00:43.600> where<00:00:43.840> people 00:00:44.229 --> 00:00:44.239 align:start position:0% types of scam methodologies where people 00:00:44.239 --> 00:00:47.630 align:start position:0% types of scam methodologies where people reply<00:00:44.680> to<00:00:44.960> tweets<00:00:45.399> and<00:00:45.960> uh<00:00:46.079> link<00:00:46.480> this<00:00:46.640> way<00:00:46.920> to 00:00:47.630 --> 00:00:47.640 align:start position:0% reply to tweets and uh link this way to 00:00:47.640 --> 00:00:53.150 align:start position:0% reply to tweets and uh link this way to uh<00:00:47.800> earn<00:00:48.199> yield<00:00:49.199> um<00:00:49.520> by<00:00:50.320> using<00:00:50.680> this<00:00:50.879> Arbitrage 00:00:53.150 --> 00:00:53.160 align:start position:0% uh earn yield um by using this Arbitrage 00:00:53.160 --> 00:00:55.790 align:start position:0% uh earn yield um by using this Arbitrage bot<00:00:54.160> now<00:00:54.680> talking<00:00:55.000> about<00:00:55.239> some<00:00:55.359> of<00:00:55.480> the<00:00:55.559> more 00:00:55.790 --> 00:00:55.800 align:start position:0% bot now talking about some of the more 00:00:55.800 --> 00:00:57.150 align:start position:0% bot now talking about some of the more interesting<00:00:56.199> scams<00:00:56.559> in<00:00:56.680> the<00:00:56.800> space<00:00:57.039> that 00:00:57.150 --> 00:00:57.160 align:start position:0% interesting scams in the space that 00:00:57.160 --> 00:00:58.990 align:start position:0% interesting scams in the space that we've<00:00:57.320> seen<00:00:57.559> over<00:00:57.719> the<00:00:57.879> last<00:00:58.120> couple<00:00:58.320> of<00:00:58.480> years 00:00:58.990 --> 00:00:59.000 align:start position:0% we've seen over the last couple of years 00:00:59.000 --> 00:01:01.509 align:start position:0% we've seen over the last couple of years are<00:00:59.199> drainer<00:00:59.640> kits 00:01:01.509 --> 00:01:01.519 align:start position:0% are drainer kits 00:01:01.519 --> 00:01:03.549 align:start position:0% are drainer kits a<00:01:01.640> lot<00:01:01.760> of<00:01:01.840> drainer<00:01:02.239> kits<00:01:02.519> actually<00:01:02.760> started 00:01:03.549 --> 00:01:03.559 align:start position:0% a lot of drainer kits actually started 00:01:03.559 --> 00:01:06.750 align:start position:0% a lot of drainer kits actually started um<00:01:03.879> around<00:01:04.400> May<00:01:04.640> of<00:01:05.080> 2022<00:01:06.080> uh<00:01:06.240> with<00:01:06.400> monkey 00:01:06.750 --> 00:01:06.760 align:start position:0% um around May of 2022 uh with monkey 00:01:06.760 --> 00:01:08.350 align:start position:0% um around May of 2022 uh with monkey drainer<00:01:07.159> being<00:01:07.360> one<00:01:07.479> of<00:01:07.560> the<00:01:07.680> first<00:01:08.280> uh 00:01:08.350 --> 00:01:08.360 align:start position:0% drainer being one of the first uh 00:01:08.360 --> 00:01:10.910 align:start position:0% drainer being one of the first uh drainer<00:01:08.720> kits<00:01:08.960> that<00:01:09.119> kind<00:01:09.200> of<00:01:09.520> originated<00:01:10.520> now 00:01:10.910 --> 00:01:10.920 align:start position:0% drainer kits that kind of originated now 00:01:10.920 --> 00:01:12.830 align:start position:0% drainer kits that kind of originated now what's<00:01:11.159> really<00:01:11.439> interesting<00:01:12.159> about<00:01:12.479> monkey 00:01:12.830 --> 00:01:12.840 align:start position:0% what's really interesting about monkey 00:01:12.840 --> 00:01:15.469 align:start position:0% what's really interesting about monkey drainer<00:01:13.799> and<00:01:14.360> uh<00:01:14.520> the<00:01:14.640> origins<00:01:15.040> of<00:01:15.119> drainer 00:01:15.469 --> 00:01:15.479 align:start position:0% drainer and uh the origins of drainer 00:01:15.479 --> 00:01:17.149 align:start position:0% drainer and uh the origins of drainer kits<00:01:15.799> is<00:01:16.040> that<00:01:16.240> it<00:01:16.360> kind<00:01:16.479> of<00:01:16.600> replicates<00:01:17.040> a 00:01:17.149 --> 00:01:17.159 align:start position:0% kits is that it kind of replicates a 00:01:17.159 --> 00:01:18.670 align:start position:0% kits is that it kind of replicates a business<00:01:17.439> model<00:01:17.720> that<00:01:17.840> you<00:01:17.920> see<00:01:18.240> throughout 00:01:18.670 --> 00:01:18.680 align:start position:0% business model that you see throughout 00:01:18.680 --> 00:01:20.789 align:start position:0% business model that you see throughout the<00:01:18.880> traditional<00:01:19.320> cyber<00:01:19.640> security<00:01:20.000> space<00:01:20.520> for 00:01:20.789 --> 00:01:20.799 align:start position:0% the traditional cyber security space for 00:01:20.799 --> 00:01:22.749 align:start position:0% the traditional cyber security space for like<00:01:20.960> Mau<00:01:21.439> as<00:01:21.560> a<00:01:21.680> service<00:01:22.360> but<00:01:22.520> now 00:01:22.749 --> 00:01:22.759 align:start position:0% like Mau as a service but now 00:01:22.759 --> 00:01:24.710 align:start position:0% like Mau as a service but now introducing<00:01:23.240> it<00:01:23.400> in<00:01:23.520> a<00:01:23.640> different<00:01:24.000> aspect<00:01:24.560> as 00:01:24.710 --> 00:01:24.720 align:start position:0% introducing it in a different aspect as 00:01:24.720 --> 00:01:27.429 align:start position:0% introducing it in a different aspect as drainers<00:01:25.320> as<00:01:25.400> a<00:01:25.560> service<00:01:26.439> so<00:01:27.000> how<00:01:27.200> this 00:01:27.429 --> 00:01:27.439 align:start position:0% drainers as a service so how this 00:01:27.439 --> 00:01:30.069 align:start position:0% drainers as a service so how this actually<00:01:27.720> works<00:01:28.280> often<00:01:28.600> times<00:01:29.119> by<00:01:29.479> approval 00:01:30.069 --> 00:01:30.079 align:start position:0% actually works often times by approval 00:01:30.079 --> 00:01:33.030 align:start position:0% actually works often times by approval farming<00:01:30.840> so<00:01:31.439> when<00:01:31.680> the<00:01:31.840> early<00:01:32.200> days<00:01:32.560> of<00:01:32.759> monkey 00:01:33.030 --> 00:01:33.040 align:start position:0% farming so when the early days of monkey 00:01:33.040 --> 00:01:35.270 align:start position:0% farming so when the early days of monkey drainer<00:01:33.479> came<00:01:33.680> about<00:01:34.360> they<00:01:34.560> kind<00:01:34.680> of<00:01:34.960> uh<00:01:35.079> were 00:01:35.270 --> 00:01:35.280 align:start position:0% drainer came about they kind of uh were 00:01:35.280 --> 00:01:38.069 align:start position:0% drainer came about they kind of uh were very<00:01:35.520> targeted<00:01:35.920> towards<00:01:36.240> the<00:01:36.360> nft<00:01:36.880> space<00:01:37.680> so 00:01:38.069 --> 00:01:38.079 align:start position:0% very targeted towards the nft space so 00:01:38.079 --> 00:01:39.630 align:start position:0% very targeted towards the nft space so what<00:01:38.200> they<00:01:38.360> did<00:01:38.720> was<00:01:38.880> they<00:01:39.040> leveraged<00:01:39.479> your 00:01:39.630 --> 00:01:39.640 align:start position:0% what they did was they leveraged your 00:01:39.640 --> 00:01:41.830 align:start position:0% what they did was they leveraged your open<00:01:39.960> approvals<00:01:40.399> that<00:01:40.560> you<00:01:40.720> already<00:01:41.159> had<00:01:41.439> on 00:01:41.830 --> 00:01:41.840 align:start position:0% open approvals that you already had on 00:01:41.840 --> 00:01:43.950 align:start position:0% open approvals that you already had on assets<00:01:42.680> uh<00:01:42.799> you've<00:01:43.000> listed<00:01:43.320> in<00:01:43.439> the<00:01:43.600> past<00:01:43.799> on 00:01:43.950 --> 00:01:43.960 align:start position:0% assets uh you've listed in the past on 00:01:43.960 --> 00:01:46.990 align:start position:0% assets uh you've listed in the past on openc<00:01:44.880> or<00:01:45.200> other<00:01:45.600> platforms<00:01:46.600> and<00:01:46.840> they 00:01:46.990 --> 00:01:47.000 align:start position:0% openc or other platforms and they 00:01:47.000 --> 00:01:48.950 align:start position:0% openc or other platforms and they essentially<00:01:47.399> leveraged<00:01:47.960> those<00:01:48.119> approvals<00:01:48.759> to 00:01:48.950 --> 00:01:48.960 align:start position:0% essentially leveraged those approvals to 00:01:48.960 --> 00:01:51.149 align:start position:0% essentially leveraged those approvals to essentially<00:01:49.399> create<00:01:49.680> a<00:01:49.840> zero<00:01:50.159> e<00:01:50.479> listing<00:01:50.799> to 00:01:51.149 --> 00:01:51.159 align:start position:0% essentially create a zero e listing to 00:01:51.159 --> 00:01:52.870 align:start position:0% essentially create a zero e listing to themselves<00:01:51.799> effectively<00:01:52.200> draining<00:01:52.600> you<00:01:52.759> of 00:01:52.870 --> 00:01:52.880 align:start position:0% themselves effectively draining you of 00:01:52.880 --> 00:01:53.910 align:start position:0% themselves effectively draining you of your 00:01:53.910 --> 00:01:53.920 align:start position:0% your 00:01:53.920 --> 00:01:57.190 align:start position:0% your assets<00:01:54.920> now<00:01:55.320> throughout<00:01:55.840> his<00:01:56.159> notoriety<00:01:57.039> he 00:01:57.190 --> 00:01:57.200 align:start position:0% assets now throughout his notoriety he 00:01:57.200 --> 00:02:00.230 align:start position:0% assets now throughout his notoriety he stole<00:01:57.600> around<00:01:58.039> 16<00:01:58.399> million<00:01:58.799> USD<00:02:00.000> before 00:02:00.230 --> 00:02:00.240 align:start position:0% stole around 16 million USD before 00:02:00.240 --> 00:02:02.389 align:start position:0% stole around 16 million USD before shutting<00:02:00.560> down<00:02:00.799> his 00:02:02.389 --> 00:02:02.399 align:start position:0% shutting down his 00:02:02.399 --> 00:02:05.429 align:start position:0% shutting down his operations<00:02:03.399> and<00:02:03.640> from<00:02:03.960> then<00:02:04.880> you<00:02:05.079> had<00:02:05.280> the 00:02:05.429 --> 00:02:05.439 align:start position:0% operations and from then you had the 00:02:05.439 --> 00:02:07.029 align:start position:0% operations and from then you had the rise<00:02:05.680> of<00:02:05.880> Inferno<00:02:06.240> drainer<00:02:06.640> and<00:02:06.759> Angel 00:02:07.029 --> 00:02:07.039 align:start position:0% rise of Inferno drainer and Angel 00:02:07.039 --> 00:02:08.669 align:start position:0% rise of Inferno drainer and Angel drainer<00:02:07.479> which<00:02:07.560> are<00:02:07.680> some<00:02:07.759> of<00:02:07.920> the<00:02:08.039> other<00:02:08.239> more 00:02:08.669 --> 00:02:08.679 align:start position:0% drainer which are some of the other more 00:02:08.679 --> 00:02:10.869 align:start position:0% drainer which are some of the other more prevalent<00:02:09.119> kits<00:02:09.399> in<00:02:09.520> the<00:02:09.720> space<00:02:10.440> Inferno 00:02:10.869 --> 00:02:10.879 align:start position:0% prevalent kits in the space Inferno 00:02:10.879 --> 00:02:12.550 align:start position:0% prevalent kits in the space Inferno drainer<00:02:11.239> has<00:02:11.360> stolen<00:02:11.720> roughly<00:02:12.040> around<00:02:12.239> 80 00:02:12.550 --> 00:02:12.560 align:start position:0% drainer has stolen roughly around 80 00:02:12.560 --> 00:02:14.350 align:start position:0% drainer has stolen roughly around 80 million<00:02:12.840> in<00:02:13.080> assets<00:02:13.480> employing<00:02:13.879> a<00:02:13.959> lot<00:02:14.080> of<00:02:14.200> the 00:02:14.350 --> 00:02:14.360 align:start position:0% million in assets employing a lot of the 00:02:14.360 --> 00:02:16.309 align:start position:0% million in assets employing a lot of the similar<00:02:14.840> tactics<00:02:15.480> that<00:02:15.599> monkey<00:02:15.879> drainer<00:02:16.200> had 00:02:16.309 --> 00:02:16.319 align:start position:0% similar tactics that monkey drainer had 00:02:16.319 --> 00:02:18.670 align:start position:0% similar tactics that monkey drainer had used<00:02:16.560> in<00:02:16.680> the<00:02:16.840> past<00:02:17.519> but<00:02:17.800> also<00:02:18.120> leveraging 00:02:18.670 --> 00:02:18.680 align:start position:0% used in the past but also leveraging 00:02:18.680 --> 00:02:21.390 align:start position:0% used in the past but also leveraging newer<00:02:19.000> techniques<00:02:19.560> by<00:02:19.720> using<00:02:20.120> things<00:02:20.480> like<00:02:21.200> uh 00:02:21.390 --> 00:02:21.400 align:start position:0% newer techniques by using things like uh 00:02:21.400 --> 00:02:23.190 align:start position:0% newer techniques by using things like uh potentially<00:02:22.080> over<00:02:22.319> engineering<00:02:22.800> of<00:02:22.920> certain 00:02:23.190 --> 00:02:23.200 align:start position:0% potentially over engineering of certain 00:02:23.200 --> 00:02:26.030 align:start position:0% potentially over engineering of certain protocols<00:02:23.720> like<00:02:24.160> Unis<00:02:24.519> swap<00:02:24.800> for<00:02:25.000> example<00:02:25.680> has 00:02:26.030 --> 00:02:26.040 align:start position:0% protocols like Unis swap for example has 00:02:26.040 --> 00:02:28.350 align:start position:0% protocols like Unis swap for example has a<00:02:26.920> uh<00:02:27.160> functionality<00:02:27.800> where<00:02:28.000> you<00:02:28.080> can 00:02:28.350 --> 00:02:28.360 align:start position:0% a uh functionality where you can 00:02:28.360 --> 00:02:31.430 align:start position:0% a uh functionality where you can actually<00:02:28.720> swap<00:02:29.319> to<00:02:29.920> another<00:02:30.160> wallet<00:02:30.519> address 00:02:31.430 --> 00:02:31.440 align:start position:0% actually swap to another wallet address 00:02:31.440 --> 00:02:33.350 align:start position:0% actually swap to another wallet address um<00:02:31.680> and<00:02:31.840> the<00:02:32.000> intention<00:02:32.519> behind<00:02:32.800> this<00:02:32.959> feature 00:02:33.350 --> 00:02:33.360 align:start position:0% um and the intention behind this feature 00:02:33.360 --> 00:02:34.710 align:start position:0% um and the intention behind this feature was<00:02:33.519> so<00:02:33.680> that<00:02:33.760> you<00:02:33.840> could<00:02:33.959> swap<00:02:34.239> directly<00:02:34.560> into 00:02:34.710 --> 00:02:34.720 align:start position:0% was so that you could swap directly into 00:02:34.720 --> 00:02:36.949 align:start position:0% was so that you could swap directly into a<00:02:34.840> cold<00:02:35.120> wallet<00:02:35.720> but<00:02:35.879> now<00:02:36.120> from<00:02:36.239> an<00:02:36.400> attacker's 00:02:36.949 --> 00:02:36.959 align:start position:0% a cold wallet but now from an attacker's 00:02:36.959 --> 00:02:38.830 align:start position:0% a cold wallet but now from an attacker's perspective<00:02:37.560> you<00:02:37.680> can<00:02:37.879> swap<00:02:38.200> directly<00:02:38.519> into 00:02:38.830 --> 00:02:38.840 align:start position:0% perspective you can swap directly into 00:02:38.840 --> 00:02:41.309 align:start position:0% perspective you can swap directly into their<00:02:39.040> wallet<00:02:39.879> so<00:02:40.480> by<00:02:40.599> leveraging<00:02:41.120> things 00:02:41.309 --> 00:02:41.319 align:start position:0% their wallet so by leveraging things 00:02:41.319 --> 00:02:43.229 align:start position:0% their wallet so by leveraging things like<00:02:41.519> this<00:02:41.680> you<00:02:41.800> can<00:02:41.959> see<00:02:42.440> um<00:02:42.599> what<00:02:42.720> the<00:02:42.879> pop-up 00:02:43.229 --> 00:02:43.239 align:start position:0% like this you can see um what the pop-up 00:02:43.239 --> 00:02:45.270 align:start position:0% like this you can see um what the pop-up might<00:02:43.440> look<00:02:43.599> like<00:02:43.760> on<00:02:43.959> wallet<00:02:44.360> guard<00:02:45.000> um<00:02:45.159> this 00:02:45.270 --> 00:02:45.280 align:start position:0% might look like on wallet guard um this 00:02:45.280 --> 00:02:47.470 align:start position:0% might look like on wallet guard um this was<00:02:45.440> an<00:02:45.720> actual<00:02:46.400> uh<00:02:46.560> transaction<00:02:47.120> that<00:02:47.280> was 00:02:47.470 --> 00:02:47.480 align:start position:0% was an actual uh transaction that was 00:02:47.480 --> 00:02:49.990 align:start position:0% was an actual uh transaction that was blocked<00:02:48.480> and<00:02:48.680> the<00:02:48.840> idea<00:02:49.200> was<00:02:49.360> just<00:02:49.519> swapping 00:02:49.990 --> 00:02:50.000 align:start position:0% blocked and the idea was just swapping 00:02:50.000 --> 00:02:52.990 align:start position:0% blocked and the idea was just swapping directly<00:02:50.360> into<00:02:50.840> the<00:02:51.280> um<00:02:51.519> attacker's<00:02:52.200> wallet 00:02:52.990 --> 00:02:53.000 align:start position:0% directly into the um attacker's wallet 00:02:53.000 --> 00:02:55.270 align:start position:0% directly into the um attacker's wallet Now<00:02:53.319> angel<00:02:53.680> drainer<00:02:54.400> is<00:02:54.599> another<00:02:55.000> really 00:02:55.270 --> 00:02:55.280 align:start position:0% Now angel drainer is another really 00:02:55.280 --> 00:02:57.550 align:start position:0% Now angel drainer is another really prevalent<00:02:55.840> kit<00:02:56.280> um<00:02:56.760> now<00:02:57.040> what<00:02:57.200> they<00:02:57.360> really 00:02:57.550 --> 00:02:57.560 align:start position:0% prevalent kit um now what they really 00:02:57.560 --> 00:02:58.630 align:start position:0% prevalent kit um now what they really employ<00:02:57.920> that's<00:02:58.040> a<00:02:58.120> little<00:02:58.239> bit<00:02:58.400> different 00:02:58.630 --> 00:02:58.640 align:start position:0% employ that's a little bit different 00:02:58.640 --> 00:03:00.229 align:start position:0% employ that's a little bit different about<00:02:58.920> them<00:02:59.280> is<00:02:59.400> their<00:02:59.560> multi<00:02:59.840> M<00:03:00.000> chain 00:03:00.229 --> 00:03:00.239 align:start position:0% about them is their multi M chain 00:03:00.239 --> 00:03:02.710 align:start position:0% about them is their multi M chain draining<00:03:00.680> strategy<00:03:01.680> as<00:03:01.800> of<00:03:02.000> recently<00:03:02.480> through 00:03:02.710 --> 00:03:02.720 align:start position:0% draining strategy as of recently through 00:03:02.720 --> 00:03:04.910 align:start position:0% draining strategy as of recently through efforts<00:03:03.239> of<00:03:03.560> metamask<00:03:04.200> and<00:03:04.360> the<00:03:04.519> security 00:03:04.910 --> 00:03:04.920 align:start position:0% efforts of metamask and the security 00:03:04.920 --> 00:03:07.509 align:start position:0% efforts of metamask and the security Alliance<00:03:05.760> uh<00:03:05.879> Inferno<00:03:06.280> drainer<00:03:06.720> has<00:03:07.200> uh<00:03:07.400> kind 00:03:07.509 --> 00:03:07.519 align:start position:0% Alliance uh Inferno drainer has uh kind 00:03:07.519 --> 00:03:09.350 align:start position:0% Alliance uh Inferno drainer has uh kind of<00:03:07.640> shut<00:03:08.000> down<00:03:08.239> and<00:03:08.400> starting<00:03:08.720> to<00:03:08.920> work<00:03:09.120> with 00:03:09.350 --> 00:03:09.360 align:start position:0% of shut down and starting to work with 00:03:09.360 --> 00:03:11.470 align:start position:0% of shut down and starting to work with Angel<00:03:09.640> drainer<00:03:10.560> um<00:03:10.680> so<00:03:10.840> there<00:03:11.000> have<00:03:11.159> been<00:03:11.319> a 00:03:11.470 --> 00:03:11.480 align:start position:0% Angel drainer um so there have been a 00:03:11.480 --> 00:03:13.589 align:start position:0% Angel drainer um so there have been a lot<00:03:11.640> of<00:03:11.799> changes<00:03:12.360> and<00:03:12.720> Evolutions<00:03:13.400> in<00:03:13.519> the 00:03:13.589 --> 00:03:13.599 align:start position:0% lot of changes and Evolutions in the 00:03:13.599 --> 00:03:15.630 align:start position:0% lot of changes and Evolutions in the draining<00:03:13.959> industry<00:03:14.360> as<00:03:14.480> a<00:03:14.640> whole<00:03:15.319> um<00:03:15.440> but<00:03:15.560> it's 00:03:15.630 --> 00:03:15.640 align:start position:0% draining industry as a whole um but it's 00:03:15.640 --> 00:03:18.070 align:start position:0% draining industry as a whole um but it's a<00:03:15.840> constantly<00:03:16.239> evolving<00:03:16.640> field<00:03:17.200> and<00:03:17.360> that's 00:03:18.070 --> 00:03:18.080 align:start position:0% a constantly evolving field and that's 00:03:18.080 --> 00:03:21.070 align:start position:0% a constantly evolving field and that's constantly<00:03:18.760> affecting<00:03:19.120> end<00:03:19.440> users<00:03:20.239> given<00:03:20.680> the 00:03:21.070 --> 00:03:21.080 align:start position:0% constantly affecting end users given the 00:03:21.080 --> 00:03:22.949 align:start position:0% constantly affecting end users given the um<00:03:21.360> idea<00:03:21.799> that<00:03:21.920> a<00:03:22.000> lot<00:03:22.120> of<00:03:22.239> people<00:03:22.599> sign 00:03:22.949 --> 00:03:22.959 align:start position:0% um idea that a lot of people sign 00:03:22.959 --> 00:03:24.350 align:start position:0% um idea that a lot of people sign transactions<00:03:23.519> without<00:03:23.840> really<00:03:24.080> thinking 00:03:24.350 --> 00:03:24.360 align:start position:0% transactions without really thinking 00:03:24.360 --> 00:03:26.550 align:start position:0% transactions without really thinking about<00:03:24.640> them<00:03:25.519> and<00:03:25.879> what<00:03:26.000> we're<00:03:26.200> really<00:03:26.360> trying 00:03:26.550 --> 00:03:26.560 align:start position:0% about them and what we're really trying 00:03:26.560 --> 00:03:28.630 align:start position:0% about them and what we're really trying to<00:03:26.720> do<00:03:26.920> nowadays<00:03:27.560> um<00:03:27.840> through<00:03:28.080> transaction 00:03:28.630 --> 00:03:28.640 align:start position:0% to do nowadays um through transaction 00:03:28.640 --> 00:03:31.030 align:start position:0% to do nowadays um through transaction simulation<00:03:29.159> that<00:03:29.280> a<00:03:29.360> lot<00:03:29.480> ofall<00:03:30.040> use<00:03:30.720> um<00:03:30.840> is 00:03:31.030 --> 00:03:31.040 align:start position:0% simulation that a lot ofall use um is 00:03:31.040 --> 00:03:33.190 align:start position:0% simulation that a lot ofall use um is trying<00:03:31.280> to<00:03:31.439> portray<00:03:31.959> to<00:03:32.120> end<00:03:32.400> users<00:03:33.000> what 00:03:33.190 --> 00:03:33.200 align:start position:0% trying to portray to end users what 00:03:33.200 --> 00:03:34.789 align:start position:0% trying to portray to end users what exactly<00:03:33.599> happens<00:03:33.959> when<00:03:34.080> you<00:03:34.239> are<00:03:34.560> actually 00:03:34.789 --> 00:03:34.799 align:start position:0% exactly happens when you are actually 00:03:34.799 --> 00:03:37.110 align:start position:0% exactly happens when you are actually committing<00:03:35.080> a<00:03:35.200> transaction<00:03:35.640> on 00:03:37.110 --> 00:03:37.120 align:start position:0% committing a transaction on 00:03:37.120 --> 00:03:39.550 align:start position:0% committing a transaction on chain<00:03:38.120> now<00:03:38.560> Pig<00:03:38.760> butchering<00:03:39.159> and<00:03:39.280> dating 00:03:39.550 --> 00:03:39.560 align:start position:0% chain now Pig butchering and dating 00:03:39.560 --> 00:03:42.589 align:start position:0% chain now Pig butchering and dating scams<00:03:40.280> are<00:03:40.640> also<00:03:41.000> a<00:03:41.360> massive<00:03:41.879> massive<00:03:42.319> massive 00:03:42.589 --> 00:03:42.599 align:start position:0% scams are also a massive massive massive 00:03:42.599 --> 00:03:44.830 align:start position:0% scams are also a massive massive massive plague<00:03:42.840> on<00:03:42.959> the<00:03:43.080> industry<00:03:43.840> you<00:03:44.000> see<00:03:44.519> you<00:03:44.640> know 00:03:44.830 --> 00:03:44.840 align:start position:0% plague on the industry you see you know 00:03:44.840 --> 00:03:47.309 align:start position:0% plague on the industry you see you know hits<00:03:45.159> from<00:03:45.400> like<00:03:45.519> $55,000<00:03:46.480> to<00:03:46.720> like<00:03:46.959> hundreds 00:03:47.309 --> 00:03:47.319 align:start position:0% hits from like $55,000 to like hundreds 00:03:47.319 --> 00:03:49.149 align:start position:0% hits from like $55,000 to like hundreds of<00:03:47.519> thousands<00:03:47.840> of<00:03:48.000> dollars<00:03:48.319> so<00:03:48.720> these<00:03:48.840> are 00:03:49.149 --> 00:03:49.159 align:start position:0% of thousands of dollars so these are 00:03:49.159 --> 00:03:51.229 align:start position:0% of thousands of dollars so these are very<00:03:49.439> targeted<00:03:49.959> attacks<00:03:50.599> they<00:03:50.799> typically 00:03:51.229 --> 00:03:51.239 align:start position:0% very targeted attacks they typically 00:03:51.239 --> 00:03:54.270 align:start position:0% very targeted attacks they typically start<00:03:51.640> on<00:03:51.879> dating<00:03:52.280> sites<00:03:52.720> like<00:03:53.159> Tinder<00:03:53.920> or 00:03:54.270 --> 00:03:54.280 align:start position:0% start on dating sites like Tinder or 00:03:54.280 --> 00:03:57.030 align:start position:0% start on dating sites like Tinder or whatever<00:03:54.680> else<00:03:55.480> and<00:03:55.720> the<00:03:55.920> idea<00:03:56.439> is<00:03:56.680> it<00:03:56.760> can<00:03:56.879> be 00:03:57.030 --> 00:03:57.040 align:start position:0% whatever else and the idea is it can be 00:03:57.040 --> 00:03:59.470 align:start position:0% whatever else and the idea is it can be as<00:03:57.159> simple<00:03:57.439> as<00:03:57.560> a<00:03:57.799> hey<00:03:58.040> message<00:03:58.599> and<00:03:58.760> then<00:03:59.200> lead 00:03:59.470 --> 00:03:59.480 align:start position:0% as simple as a hey message and then lead 00:03:59.480 --> 00:04:02.509 align:start position:0% as simple as a hey message and then lead to<00:03:59.959> somebody<00:04:00.680> um<00:04:00.959> asking<00:04:01.319> to<00:04:01.599> invest<00:04:01.959> on<00:04:02.200> some 00:04:02.509 --> 00:04:02.519 align:start position:0% to somebody um asking to invest on some 00:04:02.519 --> 00:04:05.069 align:start position:0% to somebody um asking to invest on some investment<00:04:02.959> platform<00:04:03.959> um<00:04:04.319> often<00:04:04.640> times<00:04:04.920> it 00:04:05.069 --> 00:04:05.079 align:start position:0% investment platform um often times it 00:04:05.079 --> 00:04:06.710 align:start position:0% investment platform um often times it acts<00:04:05.400> kind<00:04:05.519> of<00:04:05.640> like<00:04:05.760> a<00:04:05.879> Ponzi<00:04:06.239> scheme<00:04:06.519> in<00:04:06.599> the 00:04:06.710 --> 00:04:06.720 align:start position:0% acts kind of like a Ponzi scheme in the 00:04:06.720 --> 00:04:08.710 align:start position:0% acts kind of like a Ponzi scheme in the beginning<00:04:07.159> where<00:04:07.519> you<00:04:08.000> uh<00:04:08.120> put<00:04:08.280> money<00:04:08.480> on 00:04:08.710 --> 00:04:08.720 align:start position:0% beginning where you uh put money on 00:04:08.720 --> 00:04:10.509 align:start position:0% beginning where you uh put money on there<00:04:08.920> you<00:04:09.000> start<00:04:09.239> earning<00:04:10.000> and<00:04:10.120> then<00:04:10.280> you 00:04:10.509 --> 00:04:10.519 align:start position:0% there you start earning and then you 00:04:10.519 --> 00:04:12.069 align:start position:0% there you start earning and then you trust<00:04:10.840> it<00:04:11.000> and<00:04:11.079> you<00:04:11.200> start<00:04:11.400> investing<00:04:11.879> even 00:04:12.069 --> 00:04:12.079 align:start position:0% trust it and you start investing even 00:04:12.079 --> 00:04:14.470 align:start position:0% trust it and you start investing even more<00:04:12.319> money<00:04:13.159> um<00:04:13.480> often<00:04:13.799> times<00:04:14.120> they<00:04:14.360> that's 00:04:14.470 --> 00:04:14.480 align:start position:0% more money um often times they that's 00:04:14.480 --> 00:04:15.670 align:start position:0% more money um often times they that's why<00:04:14.599> they<00:04:14.720> call<00:04:14.840> it<00:04:14.920> Pig<00:04:15.079> butchering<00:04:15.480> because 00:04:15.670 --> 00:04:15.680 align:start position:0% why they call it Pig butchering because 00:04:15.680 --> 00:04:17.710 align:start position:0% why they call it Pig butchering because they<00:04:15.879> fatten<00:04:16.239> it<00:04:16.359> up<00:04:16.600> before<00:04:16.919> they<00:04:17.199> actually 00:04:17.710 --> 00:04:17.720 align:start position:0% they fatten it up before they actually 00:04:17.720 --> 00:04:19.949 align:start position:0% they fatten it up before they actually take<00:04:17.919> the<00:04:18.120> big<00:04:18.400> hit<00:04:18.840> and<00:04:19.000> take<00:04:19.359> every<00:04:19.759> every 00:04:19.949 --> 00:04:19.959 align:start position:0% take the big hit and take every every 00:04:19.959 --> 00:04:23.550 align:start position:0% take the big hit and take every every asset<00:04:20.280> you<00:04:20.400> have<00:04:20.959> there<00:04:21.959> now<00:04:22.240> this<00:04:22.360> is<00:04:22.680> also 00:04:23.550 --> 00:04:23.560 align:start position:0% asset you have there now this is also 00:04:23.560 --> 00:04:25.590 align:start position:0% asset you have there now this is also the<00:04:24.000> um<00:04:24.160> out<00:04:24.280> of<00:04:24.440> all<00:04:24.560> the<00:04:24.680> scam<00:04:25.000> methodologies 00:04:25.590 --> 00:04:25.600 align:start position:0% the um out of all the scam methodologies 00:04:25.600 --> 00:04:28.710 align:start position:0% the um out of all the scam methodologies this<00:04:25.800> has<00:04:26.000> the<00:04:26.360> highest<00:04:27.320> um<00:04:27.520> amount<00:04:27.759> of<00:04:28.280> return 00:04:28.710 --> 00:04:28.720 align:start position:0% this has the highest um amount of return 00:04:28.720 --> 00:04:31.390 align:start position:0% this has the highest um amount of return for<00:04:29.000> the<00:04:29.199> attacker<00:04:30.080> per 00:04:31.390 --> 00:04:31.400 align:start position:0% for the attacker per 00:04:31.400 --> 00:04:34.189 align:start position:0% for the attacker per hit<00:04:32.400> now<00:04:32.759> security<00:04:33.120> is<00:04:33.199> an<00:04:33.360> Ever<00:04:33.560> evolving<00:04:34.039> cat 00:04:34.189 --> 00:04:34.199 align:start position:0% hit now security is an Ever evolving cat 00:04:34.199 --> 00:04:36.510 align:start position:0% hit now security is an Ever evolving cat and<00:04:34.280> mouse<00:04:34.639> game<00:04:35.320> um<00:04:35.479> but<00:04:35.680> be<00:04:35.840> assured<00:04:36.320> that 00:04:36.510 --> 00:04:36.520 align:start position:0% and mouse game um but be assured that 00:04:36.520 --> 00:04:37.830 align:start position:0% and mouse game um but be assured that there<00:04:36.639> are<00:04:37.000> you<00:04:37.080> know<00:04:37.280> companies<00:04:37.680> like 00:04:37.830 --> 00:04:37.840 align:start position:0% there are you know companies like 00:04:37.840 --> 00:04:40.430 align:start position:0% there are you know companies like metamask<00:04:38.840> security<00:04:39.240> Alliance<00:04:39.759> blockade<00:04:40.240> and 00:04:40.430 --> 00:04:40.440 align:start position:0% metamask security Alliance blockade and 00:04:40.440 --> 00:04:42.070 align:start position:0% metamask security Alliance blockade and many<00:04:40.680> other<00:04:40.880> security<00:04:41.240> vendors<00:04:41.600> that<00:04:41.800> exist 00:04:42.070 --> 00:04:42.080 align:start position:0% many other security vendors that exist 00:04:42.080 --> 00:04:43.870 align:start position:0% many other security vendors that exist out<00:04:42.320> there<00:04:42.680> that<00:04:42.759> are<00:04:43.039> constantly<00:04:43.479> working<00:04:43.720> on 00:04:43.870 --> 00:04:43.880 align:start position:0% out there that are constantly working on 00:04:43.880 --> 00:04:46.310 align:start position:0% out there that are constantly working on mitigating<00:04:44.400> these<00:04:44.759> threats<00:04:45.759> and<00:04:46.000> that's<00:04:46.160> all 00:04:46.310 --> 00:04:46.320 align:start position:0% mitigating these threats and that's all 00:04:46.320 --> 00:04:48.310 align:start position:0% mitigating these threats and that's all I<00:04:46.440> have<00:04:46.600> for<00:04:46.720> you<00:04:46.840> today<00:04:47.320> but<00:04:47.600> um<00:04:47.919> happy<00:04:48.120> to 00:04:48.310 --> 00:04:48.320 align:start position:0% I have for you today but um happy to 00:04:48.320 --> 00:04:49.230 align:start position:0% I have for you today but um happy to take<00:04:48.479> any 00:04:49.230 --> 00:04:49.240 align:start position:0% take any 00:04:49.240 --> 00:04:54.070 align:start position:0% take any questions<00:04:50.240> thank<00:04:50.440> you 00:04:54.070 --> 00:04:54.080 align:start position:0% 00:04:54.080 --> 00:04:59.790 align:start position:0% oh<00:04:55.080> questions 00:04:59.790 --> 00:04:59.800 align:start position:0% 00:04:59.800 --> 00:05:01.830 align:start position:0% please<00:05:00.120> raise<00:05:00.400> your<00:05:00.639> hand<00:05:01.080> we're<00:05:01.400> getting 00:05:01.830 --> 00:05:01.840 align:start position:0% please raise your hand we're getting 00:05:01.840 --> 00:05:05.230 align:start position:0% please raise your hand we're getting more<00:05:02.160> crowded<00:05:02.960> oh<00:05:03.639> there<00:05:04.639> U<00:05:04.800> do<00:05:04.880> you<00:05:05.000> want<00:05:05.080> to 00:05:05.230 --> 00:05:05.240 align:start position:0% more crowded oh there U do you want to 00:05:05.240 --> 00:05:06.830 align:start position:0% more crowded oh there U do you want to give<00:05:05.360> it<00:05:05.479> a<00:05:05.600> try<00:05:05.960> I<00:05:06.039> don't<00:05:06.160> think<00:05:06.360> I<00:05:06.479> can<00:05:06.639> make 00:05:06.830 --> 00:05:06.840 align:start position:0% give it a try I don't think I can make 00:05:06.840 --> 00:05:08.110 align:start position:0% give it a try I don't think I can make it<00:05:07.000> that 00:05:08.110 --> 00:05:08.120 align:start position:0% it that 00:05:08.120 --> 00:05:15.990 align:start position:0% it that far<00:05:09.120> thanks<00:05:10.000> it<00:05:10.160> might<00:05:10.360> be 00:05:15.990 --> 00:05:16.000 align:start position:0% 00:05:16.000 --> 00:05:18.790 align:start position:0% embarrassing<00:05:17.000> uh<00:05:17.199> so<00:05:17.560> question<00:05:18.000> about<00:05:18.360> the 00:05:18.790 --> 00:05:18.800 align:start position:0% embarrassing uh so question about the 00:05:18.800 --> 00:05:21.590 align:start position:0% embarrassing uh so question about the future<00:05:19.400> of<00:05:19.919> uh<00:05:20.120> all<00:05:20.319> those<00:05:20.880> sophisticated 00:05:21.590 --> 00:05:21.600 align:start position:0% future of uh all those sophisticated 00:05:21.600 --> 00:05:24.830 align:start position:0% future of uh all those sophisticated techniques<00:05:22.360> and<00:05:22.560> drainers<00:05:23.319> basically<00:05:24.120> um<00:05:24.639> we 00:05:24.830 --> 00:05:24.840 align:start position:0% techniques and drainers basically um we 00:05:24.840 --> 00:05:27.510 align:start position:0% techniques and drainers basically um we discuss<00:05:25.240> the<00:05:25.400> current<00:05:26.120> uh<00:05:26.319> state<00:05:26.639> of<00:05:26.840> them 00:05:27.510 --> 00:05:27.520 align:start position:0% discuss the current uh state of them 00:05:27.520 --> 00:05:30.390 align:start position:0% discuss the current uh state of them from<00:05:27.720> your<00:05:28.039> experience<00:05:28.680> and<00:05:28.919> just<00:05:29.240> looking<00:05:29.800> at 00:05:30.390 --> 00:05:30.400 align:start position:0% from your experience and just looking at 00:05:30.400 --> 00:05:31.790 align:start position:0% from your experience and just looking at you<00:05:30.520> know<00:05:30.720> all<00:05:30.919> the<00:05:31.080> different<00:05:31.400> smart 00:05:31.790 --> 00:05:31.800 align:start position:0% you know all the different smart 00:05:31.800 --> 00:05:34.749 align:start position:0% you know all the different smart contracts<00:05:32.800> um<00:05:33.199> that<00:05:33.280> are<00:05:33.479> malicious<00:05:34.440> what<00:05:34.600> is 00:05:34.749 --> 00:05:34.759 align:start position:0% contracts um that are malicious what is 00:05:34.759 --> 00:05:38.350 align:start position:0% contracts um that are malicious what is the<00:05:34.960> future<00:05:35.880> of<00:05:36.160> that<00:05:36.479> like<00:05:36.960> operation<00:05:37.960> um 00:05:38.350 --> 00:05:38.360 align:start position:0% the future of that like operation um 00:05:38.360 --> 00:05:40.790 align:start position:0% the future of that like operation um that<00:05:38.520> malicious<00:05:39.000> Hors<00:05:39.520> are<00:05:40.120> performing<00:05:40.639> where 00:05:40.790 --> 00:05:40.800 align:start position:0% that malicious Hors are performing where 00:05:40.800 --> 00:05:43.189 align:start position:0% that malicious Hors are performing where is<00:05:40.919> it<00:05:41.039> all<00:05:41.280> going<00:05:41.639> right<00:05:41.800> now<00:05:42.759> yeah<00:05:42.919> it's<00:05:43.039> an 00:05:43.189 --> 00:05:43.199 align:start position:0% is it all going right now yeah it's an 00:05:43.199 --> 00:05:44.430 align:start position:0% is it all going right now yeah it's an interesting<00:05:43.600> one<00:05:43.759> because<00:05:43.960> it's<00:05:44.080> an<00:05:44.199> Ever 00:05:44.430 --> 00:05:44.440 align:start position:0% interesting one because it's an Ever 00:05:44.440 --> 00:05:46.390 align:start position:0% interesting one because it's an Ever evolving<00:05:44.840> field<00:05:45.319> like<00:05:45.759> metamask<00:05:46.280> has 00:05:46.390 --> 00:05:46.400 align:start position:0% evolving field like metamask has 00:05:46.400 --> 00:05:48.550 align:start position:0% evolving field like metamask has released<00:05:46.720> some<00:05:46.880> features<00:05:47.400> as<00:05:47.520> of<00:05:47.720> recently<00:05:48.319> to 00:05:48.550 --> 00:05:48.560 align:start position:0% released some features as of recently to 00:05:48.560 --> 00:05:50.830 align:start position:0% released some features as of recently to do<00:05:48.800> a<00:05:48.960> lot<00:05:49.199> more<00:05:49.600> on 00:05:50.830 --> 00:05:50.840 align:start position:0% do a lot more on 00:05:50.840 --> 00:05:53.870 align:start position:0% do a lot more on the<00:05:51.840> uh<00:05:52.000> client<00:05:52.440> side<00:05:52.639> detection<00:05:53.080> feature<00:05:53.759> uh 00:05:53.870 --> 00:05:53.880 align:start position:0% the uh client side detection feature uh 00:05:53.880 --> 00:05:56.830 align:start position:0% the uh client side detection feature uh fature<00:05:54.199> sets<00:05:55.000> and<00:05:55.240> it's<00:05:55.520> actually<00:05:55.800> mitigated 00:05:56.830 --> 00:05:56.840 align:start position:0% fature sets and it's actually mitigated 00:05:56.840 --> 00:05:59.029 align:start position:0% fature sets and it's actually mitigated attackers<00:05:57.840> very<00:05:58.039> much<00:05:58.240> so<00:05:58.479> to<00:05:58.600> the<00:05:58.759> point 00:05:59.029 --> 00:05:59.039 align:start position:0% attackers very much so to the point 00:05:59.039 --> 00:06:01.189 align:start position:0% attackers very much so to the point where<00:05:59.400> in<00:05:59.639> Inno<00:05:59.960> drainer<00:06:00.400> has<00:06:00.560> Consolidated 00:06:01.189 --> 00:06:01.199 align:start position:0% where in Inno drainer has Consolidated 00:06:01.199 --> 00:06:03.909 align:start position:0% where in Inno drainer has Consolidated into<00:06:01.440> Angel<00:06:01.840> drainer<00:06:02.840> um<00:06:03.120> and<00:06:03.360> other<00:06:03.520> drainers 00:06:03.909 --> 00:06:03.919 align:start position:0% into Angel drainer um and other drainers 00:06:03.919 --> 00:06:05.469 align:start position:0% into Angel drainer um and other drainers have<00:06:04.080> completely<00:06:04.440> shut<00:06:04.680> down<00:06:04.919> and<00:06:05.080> we've<00:06:05.319> made 00:06:05.469 --> 00:06:05.479 align:start position:0% have completely shut down and we've made 00:06:05.479 --> 00:06:07.670 align:start position:0% have completely shut down and we've made the<00:06:05.600> barrier<00:06:05.880> to<00:06:06.080> entry<00:06:06.520> for<00:06:06.800> draining 00:06:07.670 --> 00:06:07.680 align:start position:0% the barrier to entry for draining 00:06:07.680 --> 00:06:10.070 align:start position:0% the barrier to entry for draining significantly<00:06:08.319> harder<00:06:08.639> than<00:06:08.759> it's<00:06:08.960> ever<00:06:09.199> been 00:06:10.070 --> 00:06:10.080 align:start position:0% significantly harder than it's ever been 00:06:10.080 --> 00:06:12.550 align:start position:0% significantly harder than it's ever been um<00:06:10.319> so<00:06:10.800> it's<00:06:10.960> a<00:06:11.360> constant<00:06:11.720> cat<00:06:12.000> Mouse<00:06:12.280> game 00:06:12.550 --> 00:06:12.560 align:start position:0% um so it's a constant cat Mouse game 00:06:12.560 --> 00:06:14.749 align:start position:0% um so it's a constant cat Mouse game where<00:06:13.000> when<00:06:13.160> we<00:06:13.319> take<00:06:13.520> out<00:06:13.840> or<00:06:14.039> disrupt<00:06:14.560> one 00:06:14.749 --> 00:06:14.759 align:start position:0% where when we take out or disrupt one 00:06:14.759 --> 00:06:16.309 align:start position:0% where when we take out or disrupt one piece<00:06:14.919> of<00:06:15.080> infrastructure<00:06:15.720> they're<00:06:15.840> going<00:06:15.919> to 00:06:16.309 --> 00:06:16.319 align:start position:0% piece of infrastructure they're going to 00:06:16.319 --> 00:06:17.629 align:start position:0% piece of infrastructure they're going to migrate<00:06:16.680> to<00:06:16.880> another<00:06:17.160> piece<00:06:17.319> of 00:06:17.629 --> 00:06:17.639 align:start position:0% migrate to another piece of 00:06:17.639 --> 00:06:19.629 align:start position:0% migrate to another piece of infrastructure<00:06:18.639> um<00:06:18.840> you<00:06:18.919> know<00:06:19.160> typically 00:06:19.629 --> 00:06:19.639 align:start position:0% infrastructure um you know typically 00:06:19.639 --> 00:06:21.790 align:start position:0% infrastructure um you know typically right<00:06:19.800> now<00:06:20.080> we<00:06:20.199> see<00:06:20.560> a<00:06:20.759> lot<00:06:20.919> of<00:06:21.240> infrastructure 00:06:21.790 --> 00:06:21.800 align:start position:0% right now we see a lot of infrastructure 00:06:21.800 --> 00:06:24.110 align:start position:0% right now we see a lot of infrastructure being<00:06:22.000> leveraged<00:06:22.520> like<00:06:22.680> Cloud<00:06:23.000> flare<00:06:23.880> um<00:06:23.960> so 00:06:24.110 --> 00:06:24.120 align:start position:0% being leveraged like Cloud flare um so 00:06:24.120 --> 00:06:25.749 align:start position:0% being leveraged like Cloud flare um so some<00:06:24.240> of<00:06:24.319> the<00:06:24.440> bottlenecks<00:06:25.160> that<00:06:25.360> exist<00:06:25.639> in 00:06:25.749 --> 00:06:25.759 align:start position:0% some of the bottlenecks that exist in 00:06:25.759 --> 00:06:27.990 align:start position:0% some of the bottlenecks that exist in the<00:06:25.880> industry<00:06:26.319> for<00:06:26.479> example<00:06:26.960> is<00:06:27.479> you<00:06:27.599> know 00:06:27.990 --> 00:06:28.000 align:start position:0% the industry for example is you know 00:06:28.000 --> 00:06:29.309 align:start position:0% the industry for example is you know people<00:06:28.280> like<00:06:28.440> Cloud<00:06:28.720> flare<00:06:29.000> who<00:06:29.120> aren't 00:06:29.309 --> 00:06:29.319 align:start position:0% people like Cloud flare who aren't 00:06:29.319 --> 00:06:31.670 align:start position:0% people like Cloud flare who aren't taking<00:06:30.039> as<00:06:30.360> active<00:06:30.680> measures<00:06:31.120> to<00:06:31.280> mitigate 00:06:31.670 --> 00:06:31.680 align:start position:0% taking as active measures to mitigate 00:06:31.680 --> 00:06:35.110 align:start position:0% taking as active measures to mitigate these<00:06:31.880> threats<00:06:32.880> um<00:06:33.160> so<00:06:34.039> it<00:06:34.440> it<00:06:34.639> constantly 00:06:35.110 --> 00:06:35.120 align:start position:0% these threats um so it it constantly 00:06:35.120 --> 00:06:36.510 align:start position:0% these threats um so it it constantly evolves<00:06:35.520> though<00:06:35.639> so<00:06:35.840> like<00:06:35.960> if<00:06:36.080> Cloud<00:06:36.360> Flair 00:06:36.510 --> 00:06:36.520 align:start position:0% evolves though so like if Cloud Flair 00:06:36.520 --> 00:06:37.469 align:start position:0% evolves though so like if Cloud Flair were<00:06:36.639> to<00:06:36.759> do<00:06:36.880> something<00:06:37.120> they're<00:06:37.280> going<00:06:37.360> to 00:06:37.469 --> 00:06:37.479 align:start position:0% were to do something they're going to 00:06:37.479 --> 00:06:39.309 align:start position:0% were to do something they're going to migrate<00:06:37.800> to<00:06:37.919> something<00:06:38.160> else<00:06:38.479> and<00:06:39.000> uh<00:06:39.160> that's 00:06:39.309 --> 00:06:39.319 align:start position:0% migrate to something else and uh that's 00:06:39.319 --> 00:06:43.510 align:start position:0% migrate to something else and uh that's why<00:06:39.440> I<00:06:39.520> called<00:06:39.720> it<00:06:39.800> a<00:06:39.880> captain<00:06:40.120> Mouse 00:06:43.510 --> 00:06:43.520 align:start position:0% 00:06:43.520 --> 00:06:48.589 align:start position:0% game<00:06:44.520> uh<00:06:44.680> there's<00:06:44.840> a<00:06:45.160> question<00:06:45.599> at<00:06:45.680> the<00:06:45.759> F<00:06:46.039> row 00:06:48.589 --> 00:06:48.599 align:start position:0% game uh there's a question at the F row 00:06:48.599 --> 00:06:51.830 align:start position:0% game uh there's a question at the F row lady<00:06:49.599> oh<00:06:49.800> this<00:06:50.000> one<00:06:50.160> at<00:06:50.319> the<00:06:50.440> back<00:06:50.720> first<00:06:51.360> okay 00:06:51.830 --> 00:06:51.840 align:start position:0% lady oh this one at the back first okay 00:06:51.840 --> 00:06:54.510 align:start position:0% lady oh this one at the back first okay please<00:06:52.840> um<00:06:52.960> so<00:06:53.160> I<00:06:53.280> have<00:06:53.400> a<00:06:53.599> question<00:06:54.000> what<00:06:54.160> are 00:06:54.510 --> 00:06:54.520 align:start position:0% please um so I have a question what are 00:06:54.520 --> 00:06:57.430 align:start position:0% please um so I have a question what are the<00:06:55.000> techniques<00:06:55.440> to<00:06:55.960> for<00:06:56.160> detection<00:06:56.759> for 00:06:57.430 --> 00:06:57.440 align:start position:0% the techniques to for detection for 00:06:57.440 --> 00:07:00.390 align:start position:0% the techniques to for detection for these<00:06:58.440> malicious<00:06:58.960> transactions<00:06:59.720> for<00:06:59.840> example 00:07:00.390 --> 00:07:00.400 align:start position:0% these malicious transactions for example 00:07:00.400 --> 00:07:03.230 align:start position:0% these malicious transactions for example what<00:07:01.080> differentiates<00:07:02.080> a<00:07:02.199> malicious<00:07:02.680> approval 00:07:03.230 --> 00:07:03.240 align:start position:0% what differentiates a malicious approval 00:07:03.240 --> 00:07:06.110 align:start position:0% what differentiates a malicious approval from<00:07:03.840> a<00:07:04.080> non-malicious<00:07:04.680> one<00:07:05.680> yeah<00:07:05.879> so<00:07:06.000> that's 00:07:06.110 --> 00:07:06.120 align:start position:0% from a non-malicious one yeah so that's 00:07:06.120 --> 00:07:08.469 align:start position:0% from a non-malicious one yeah so that's a<00:07:06.280> good<00:07:06.479> question<00:07:07.080> um<00:07:07.639> so<00:07:07.840> in<00:07:07.960> the<00:07:08.120> case<00:07:08.280> of 00:07:08.469 --> 00:07:08.479 align:start position:0% a good question um so in the case of 00:07:08.479 --> 00:07:10.550 align:start position:0% a good question um so in the case of like<00:07:08.639> Inferno<00:07:09.080> drainer<00:07:09.639> or<00:07:09.840> monkey<00:07:10.160> drainer 00:07:10.550 --> 00:07:10.560 align:start position:0% like Inferno drainer or monkey drainer 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00:07:19.309 --> 00:07:19.319 align:start position:0% if you leave an open approval um on your 00:07:19.319 --> 00:07:20.990 align:start position:0% if you leave an open approval um on your let's<00:07:19.479> say<00:07:19.680> you<00:07:19.840> have<00:07:20.039> you<00:07:20.160> were<00:07:20.280> on<00:07:20.440> Unis<00:07:20.759> Swap 00:07:20.990 --> 00:07:21.000 align:start position:0% let's say you have you were on Unis Swap 00:07:21.000 --> 00:07:22.990 align:start position:0% let's say you have you were on Unis Swap and<00:07:21.080> you<00:07:21.199> left<00:07:21.360> an<00:07:21.479> approval<00:07:21.879> open<00:07:22.160> for<00:07:22.400> your 00:07:22.990 --> 00:07:23.000 align:start position:0% and you left an approval open for your 00:07:23.000 --> 00:07:25.589 align:start position:0% and you left an approval open for your uh<00:07:23.319> for<00:07:23.560> an<00:07:23.720> asset<00:07:24.000> you're<00:07:24.120> going<00:07:24.199> to<00:07:24.360> swap<00:07:25.360> um 00:07:25.589 --> 00:07:25.599 align:start position:0% uh for an asset you're going to swap um 00:07:25.599 --> 00:07:27.230 align:start position:0% uh for an asset you're going to swap um and<00:07:25.720> you<00:07:25.879> never<00:07:26.160> revoke<00:07:26.520> that<00:07:26.639> approval 00:07:27.230 --> 00:07:27.240 align:start position:0% and you never revoke that approval 00:07:27.240 --> 00:07:29.990 align:start position:0% and you never revoke that approval afterwards<00:07:28.240> um<00:07:28.720> that<00:07:29.000> approval<00:07:29.639> could<00:07:29.800> be 00:07:29.990 --> 00:07:30.000 align:start position:0% afterwards um that approval could be 00:07:30.000 --> 00:07:31.589 align:start position:0% afterwards um that approval could be leveraged<00:07:30.479> to<00:07:30.599> steal<00:07:30.879> your<00:07:31.080> assets<00:07:31.360> in<00:07:31.479> the 00:07:31.589 --> 00:07:31.599 align:start position:0% leveraged to steal your assets in the 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dashboard and it would<00:07:44.440> run<00:07:44.960> a<00:07:45.120> whole<00:07:45.520> scan<00:07:45.759> of<00:07:45.879> your<00:07:46.000> wallet<00:07:46.280> to 00:07:46.430 --> 00:07:46.440 align:start position:0% would run a whole scan of your wallet to 00:07:46.440 --> 00:07:48.589 align:start position:0% would run a whole scan of your wallet to check<00:07:46.759> like<00:07:47.319> all<00:07:47.560> the<00:07:47.720> different<00:07:48.080> assets<00:07:48.440> you 00:07:48.589 --> 00:07:48.599 align:start position:0% check like all the different assets you 00:07:48.599 --> 00:07:50.189 align:start position:0% check like all the different assets you might<00:07:48.840> have<00:07:49.000> and<00:07:49.159> the<00:07:49.319> open<00:07:49.599> approvals<00:07:50.039> you 00:07:50.189 --> 00:07:50.199 align:start position:0% might have and the open approvals you 00:07:50.199 --> 00:07:52.469 align:start position:0% might have and the open approvals you have<00:07:50.639> so<00:07:50.840> the<00:07:51.039> idea<00:07:51.479> was<00:07:51.720> that<00:07:51.919> lingering 00:07:52.469 --> 00:07:52.479 align:start position:0% have so the idea was that lingering 00:07:52.479 --> 00:07:54.029 align:start position:0% have so the idea was that lingering approvals<00:07:52.960> are<00:07:53.120> not<00:07:53.240> a<00:07:53.479> good<00:07:53.680> thing<00:07:53.840> and<00:07:53.960> if 00:07:54.029 --> 00:07:54.039 align:start position:0% approvals are not a good thing and if 00:07:54.039 --> 00:07:55.270 align:start position:0% approvals are not a good thing and if you're<00:07:54.199> not<00:07:54.400> using<00:07:54.680> that<00:07:54.840> approval<00:07:55.199> you 00:07:55.270 --> 00:07:55.280 align:start position:0% you're not using that approval you 00:07:55.280 --> 00:08:02.670 align:start position:0% you're not using that approval you should<00:07:55.440> have<00:07:55.520> it<00:07:55.639> closed<00:07:56.000> out 00:08:02.670 --> 00:08:02.680 align:start position:0% 00:08:02.680 --> 00:08:05.070 align:start position:0% um<00:08:03.159> I<00:08:03.240> think<00:08:03.400> the<00:08:03.680> microphone<00:08:04.120> is<00:08:04.240> not<00:08:04.479> working 00:08:05.070 --> 00:08:05.080 align:start position:0% um I think the microphone is not working 00:08:05.080 --> 00:08:06.950 align:start position:0% um I think the microphone is not working oh<00:08:05.240> yeah<00:08:05.599> okay<00:08:05.759> there<00:08:05.840> it<00:08:06.000> goes<00:08:06.520> um<00:08:06.759> my 00:08:06.950 --> 00:08:06.960 align:start position:0% oh yeah okay there it goes um my 00:08:06.960 --> 00:08:10.270 align:start position:0% oh yeah okay there it goes um my question<00:08:07.919> is<00:08:08.560> essentially<00:08:09.560> it<00:08:09.680> might<00:08:09.879> be<00:08:10.199> a 00:08:10.270 --> 00:08:10.280 align:start position:0% question is essentially it might be a 00:08:10.280 --> 00:08:13.110 align:start position:0% question is essentially it might be a little<00:08:10.440> bit<00:08:10.599> more<00:08:10.800> philosophical<00:08:11.800> but<00:08:12.800> uh<00:08:13.039> I 00:08:13.110 --> 00:08:13.120 align:start position:0% little bit more philosophical but uh I 00:08:13.120 --> 00:08:14.830 align:start position:0% little bit more philosophical but uh I feel<00:08:13.280> like<00:08:13.400> there's<00:08:13.599> a<00:08:13.720> lot<00:08:13.879> of<00:08:14.080> creativity 00:08:14.830 --> 00:08:14.840 align:start position:0% feel like there's a lot of creativity 00:08:14.840 --> 00:08:17.110 align:start position:0% feel like there's a lot of creativity applied<00:08:15.599> on<00:08:15.840> the<00:08:16.039> other<00:08:16.360> side<00:08:16.599> with<00:08:16.800> black 00:08:17.110 --> 00:08:17.120 align:start position:0% applied on the other side with black 00:08:17.120 --> 00:08:19.350 align:start position:0% applied on the other side with black hats<00:08:18.000> how<00:08:18.159> do<00:08:18.240> you<00:08:18.360> feel<00:08:18.599> we<00:08:18.720> can<00:08:18.879> be<00:08:19.039> more 00:08:19.350 --> 00:08:19.360 align:start position:0% hats how do you feel we can be more 00:08:19.360 --> 00:08:21.469 align:start position:0% hats how do you feel we can be more creative<00:08:20.039> from<00:08:20.319> our<00:08:20.639> side<00:08:20.840> in<00:08:21.000> terms<00:08:21.240> of 00:08:21.469 --> 00:08:21.479 align:start position:0% creative from our side in terms of 00:08:21.479 --> 00:08:23.070 align:start position:0% creative from our side in terms of protecting<00:08:21.879> our<00:08:22.159> assets<00:08:22.520> and<00:08:22.759> being 00:08:23.070 --> 00:08:23.080 align:start position:0% protecting our assets and being 00:08:23.080 --> 00:08:26.790 align:start position:0% protecting our assets and being proactive<00:08:23.800> about<00:08:24.159> preventing<00:08:25.159> um<00:08:25.639> hacks<00:08:26.639> you 00:08:26.790 --> 00:08:26.800 align:start position:0% proactive about preventing um hacks you 00:08:26.800 --> 00:08:28.230 align:start position:0% proactive about preventing um hacks you know<00:08:27.039> I<00:08:27.120> think<00:08:27.319> a<00:08:27.400> lot<00:08:27.560> of<00:08:27.720> those 00:08:28.230 --> 00:08:28.240 align:start position:0% know I think a lot of those 00:08:28.240 --> 00:08:30.309 align:start position:0% know I think a lot of those responsibilities<00:08:29.240> um<00:08:29.560> security<00:08:29.960> is<00:08:30.120> actually 00:08:30.309 --> 00:08:30.319 align:start position:0% responsibilities um security is actually 00:08:30.319 --> 00:08:32.469 align:start position:0% responsibilities um security is actually falling<00:08:30.639> on<00:08:30.759> the<00:08:30.879> wallets<00:08:31.360> themselves<00:08:32.200> um 00:08:32.469 --> 00:08:32.479 align:start position:0% falling on the wallets themselves um 00:08:32.479 --> 00:08:33.990 align:start position:0% falling on the wallets themselves um more<00:08:32.640> and<00:08:32.800> more<00:08:33.039> like<00:08:33.200> one<00:08:33.279> of<00:08:33.399> the<00:08:33.519> reasons 00:08:33.990 --> 00:08:34.000 align:start position:0% more and more like one of the reasons 00:08:34.000 --> 00:08:35.469 align:start position:0% more and more like one of the reasons that<00:08:34.200> we<00:08:34.320> were<00:08:34.519> so<00:08:34.760> Keen<00:08:35.000> to<00:08:35.120> do<00:08:35.279> the 00:08:35.469 --> 00:08:35.479 align:start position:0% that we were so Keen to do the 00:08:35.479 --> 00:08:37.750 align:start position:0% that we were so Keen to do the acquisition<00:08:36.000> with<00:08:36.159> metamask<00:08:36.800> was<00:08:37.039> because<00:08:37.640> I 00:08:37.750 --> 00:08:37.760 align:start position:0% acquisition with metamask was because I 00:08:37.760 --> 00:08:39.190 align:start position:0% acquisition with metamask was because I truly<00:08:38.159> fundamentally<00:08:38.719> believe<00:08:39.080> that 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security built at a wallet level you get 00:08:45.480 --> 00:08:47.150 align:start position:0% security built at a wallet level you get to<00:08:45.680> impact<00:08:46.080> transactions<00:08:46.680> at<00:08:46.800> a<00:08:46.920> different 00:08:47.150 --> 00:08:47.160 align:start position:0% to impact transactions at a different 00:08:47.160 --> 00:08:49.310 align:start position:0% to impact transactions at a different level<00:08:47.880> um<00:08:48.200> back<00:08:48.320> in<00:08:48.440> the<00:08:48.560> days<00:08:48.760> when<00:08:48.880> we<00:08:49.000> were 00:08:49.310 --> 00:08:49.320 align:start position:0% level um back in the days when we were 00:08:49.320 --> 00:08:51.509 align:start position:0% level um back in the days when we were um<00:08:49.480> operating<00:08:49.880> as<00:08:50.000> wallet<00:08:50.360> guard<00:08:51.160> we<00:08:51.279> were 00:08:51.509 --> 00:08:51.519 align:start position:0% um operating as wallet guard we were 00:08:51.519 --> 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wasn't the<00:08:57.360> level<00:08:57.600> of<00:08:57.720> the<00:08:57.839> stack<00:08:58.120> we<00:08:58.240> wanted<00:08:58.480> to<00:08:58.600> be 00:08:58.790 --> 00:08:58.800 align:start position:0% the level of the stack we wanted to be 00:08:58.800 --> 00:09:01.430 align:start position:0% the level of the stack we wanted to be at<00:08:59.240> and<00:08:59.640> I<00:08:59.720> think<00:09:00.040> that's<00:09:00.320> why<00:09:00.640> like<00:09:00.959> security 00:09:01.430 --> 00:09:01.440 align:start position:0% at and I think that's why like security 00:09:01.440 --> 00:09:03.190 align:start position:0% at and I think that's why like security really<00:09:01.640> should<00:09:01.959> be<00:09:02.120> built<00:09:02.519> at<00:09:02.680> the<00:09:02.800> wallet 00:09:03.190 --> 00:09:03.200 align:start position:0% really should be built at the wallet 00:09:03.200 --> 00:09:05.190 align:start position:0% really should be built at the wallet level<00:09:03.839> um<00:09:03.959> where<00:09:04.120> the<00:09:04.279> transactions<00:09:05.000> actually 00:09:05.190 --> 00:09:05.200 align:start position:0% level um where the transactions actually 00:09:05.200 --> 00:09:07.829 align:start position:0% level um where the transactions actually being<00:09:05.760> controlled<00:09:06.720> um<00:09:06.800> so<00:09:06.959> taking<00:09:07.279> control<00:09:07.720> of 00:09:07.829 --> 00:09:07.839 align:start position:0% being controlled um so taking control of 00:09:07.839 --> 00:09:09.350 align:start position:0% being controlled um so taking control of that<00:09:08.000> transaction<00:09:08.480> life<00:09:08.680> cycle<00:09:08.920> is<00:09:09.040> the<00:09:09.160> most 00:09:09.350 --> 00:09:09.360 align:start position:0% that transaction life cycle is the most 00:09:09.360 --> 00:09:11.750 align:start position:0% that transaction life cycle is the most important<00:09:09.680> thing<00:09:09.839> we<00:09:09.959> can<00:09:10.120> do<00:09:10.839> as<00:09:11.279> um<00:09:11.519> on<00:09:11.640> The 00:09:11.750 --> 00:09:11.760 align:start position:0% important thing we can do as um on The 00:09:11.760 --> 00:09:15.069 align:start position:0% important thing we can do as um on The Blue<00:09:12.000> Team<00:09:12.399> side<00:09:13.399> thank<00:09:13.600> you<00:09:14.560> thank<00:09:14.760> you<00:09:14.920> so 00:09:15.069 --> 00:09:15.079 align:start position:0% Blue Team side thank you thank you so 00:09:15.079 --> 00:09:18.230 align:start position:0% Blue Team side thank you thank you so much<00:09:15.399> gim<00:09:15.760> let's<00:09:16.000> give<00:09:16.120> it<00:09:16.320> up<00:09:16.480> to<00:09:16.720> Gim<00:09:17.240> sorry 00:09:18.230 --> 00:09:18.240 align:start position:0% much gim let's give it up to Gim sorry 00:09:18.240 --> 00:09:21.079 align:start position:0% much gim let's give it up to Gim sorry to<00:09:18.480> oh