Vy Le Says DeFi Hacks Are a Stupid People Problem: DEX in the City

Description

Jessi Brooks says crypto's language around hacks is holding the industry back. She argues "illicit finance" is too abstract a term for money that funds North Korea's weapons program, while Vy Le makes the case that the recent wave of DeFi breaches came down to sloppy operational security, not broken smart contracts. Ari Redbord closes with a blunter question: should the US be stealing North Korea's stolen crypto back? Host: Ari Redbord, Global Head of Policy at TRM Labs and Host of TRM Talks - https://x.com/ARedbord Guests: Katherine Kirkpatrick Bos - Host of DEX in the City and General Counsel of Chainlink - https://x.com/kkirkbos Jessi Brooks - Co-host of DEX in the City and General Counsel of Ribbit Capital Vy Le - Co-host of DEX in the City and General Counsel of Veda - https://x.com/TuongvyLe12 This clip is from a longer conversation on crypto hacks, illicit finance, and North Korea's role in DeFi security. Full episode here https://youtube.com/live/P5v9Aannu4c We go live every Tuesday at 12pm ET - subscribe to catch it live. Sponsor: Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at https://cape.co/unchained (use code: UNCHAINED). Chapters: 🩹 00:00 Ari asks how to actually keep the crypto ecosystem safe 🇰🇵 00:27 Jessi Brooks on why illicit finance should just be called North Korea 🛠️ 02:57 Ari brings up the Drift and Kelp hacks and who is responsible 🔐 05:26 Vy Le on why most 2025 DeFi hacks are a stupid people problem ⚔️ 07:17 Ari's case for going on the offensive against North Korea _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our channel! Website → https://unchainedcrypto.com Unchained Daily Newsletter (FREE!)→ https://unchainedcrypto.beehiiv.com/subscribe/ Unchained X → https://x.com/unchained_pod Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 Unchained: Your no-hype resource for all things crypto!