Should Anyone Be Able to Deposit $1B and Borrow All the ETH in One Block? - Uneasy Money

The $6B Binance hack sent stolen funds through Aave. LlamaRisk CEO Adam Sadowski walks through the market freeze and why nothing was taken from the protocol. 🔥 EPISODE LINK 🔥 https://unchainedcrypto.com/uneasy-money-what-the-6b-binance-hack-revealed-about-who-can-freeze-stolen-funds ======================================================================== Thank you to our sponsor! 👉 Put your crypto to work with Nexo: earn daily interest or borrow funds against your assets on one platform trusted by more than 10 million clients. Find out more at Nexo https://unchainedcrypto.com/go/nexo-podcast-yt Geo-restrictions, eligibility and terms apply. ======================================================================== Quick favor: We’re deciding what Unchained does next; new shows, stream times, what’s worth paying for. Our listener survey (https://unchainedcrypto.com/survey) takes five minutes, it’s anonymous, and I read the write-in answers myself. Everyone who finishes it gets a free month of Premium, Unchained or Bits + Bips, your pick. Open through Sunday, November 8. — Laura ======================================================================== North Korean hackers pulled roughly $6 billion out of Binance, and within minutes Tether and Circle were freezing stablecoins as the attackers raced to swap into ETH, routing part of the haul through Aave. Adam Sadowski, CEO of LlamaRisk, Aave's risk provider, joins Kain Warwick and Taylor Monahan to walk through the overnight market freeze, why nothing was stolen from Aave, and whether anyone should be able to deposit $1 billion and borrow all the ETH in a single block. They also cover Aave's 4-of-7 guardian multisig, AI agents hunting for exploits, why Kain says there is no such thing as the price of an asset, how an AI model helped Synthetix recover 9 million stolen SNX, and Taylor's warning after THORChain processed nearly $200 million for North Korea despite an FBI callout. Once a protocol has the power to stop a theft, can it still choose not to? Hosts: 👉 Kain Warwick - Host of Uneasy Money and Founder of Infinex and Synthetix - https://x.com/kain 👉 Taylor Monahan - Co-host of Uneasy Money and Security Expert - https://x.com/tayvano_ Guest: 👉 Adam Sadowski - CEO of LlamaRisk - https://x.com/WormholeOracle Timestamps: 🎬 00:00 Intro 📋 00:22 Unchained Survey: complete the listener survey at https://unchainedcrypto.com/survey 🎙️ 01:17 Bits + Bips: search Bits + Bips and subscribe to our weekly crypto and macro show at https://www.youtube.com/@Bitsandbips 🚨 01:49 The $6B Binance hack and how Tether and Circle froze funds in minutes 🔍 10:16 How the Binance hacker routed $60M in USDT through Aave to borrow ETH ⚖️ 14:16 Should anyone be able to deposit $1B and borrow all the ETH in one block? 💰 23:18 Nexo: Generate daily interest on your crypto or borrow funds against your assets at https://unchainedcrypto.com/go/nexo-podcast-yt 🤝 24:00 Why Kain ranks the Binance response among crypto's best anti-heist efforts 🛡️ 27:51 Aave's guardians, risk stewards, and the race against AI exploit agents 🧩 31:40 Why Kain thinks adding complexity is the most dangerous move for Aave 📈 37:23 Who decides the price? Oracles, tokenized stocks, and Chainlink CRE 🪙 44:57 How an AI model found Synthetix a way to recover 9M stolen SNX ⛓️ 54:42 How a one-block Ethereum reorg made THORChain double spend mid-hack 🚔 01:00:41 Why Taylor fears the FBI callout could send Thor node operators to prison 🏦 01:07:24 A French bank heist, ZachXBT, and the $30M that couldn't be frozen ======================================================================== #bitcoin #ethereum #crypto #cryptocurrencies ======================================================================== Subscribe to our channel! CHECK OUT THE CRYPTOPIANS → https://www.youtube.com/watch?v=DFzunCFXrv4 WEBSITE → https://unchainedcrypto.com UNCHAINED DAILY NEWSLETTER → https://unchainedcrypto.beehiiv.com/subscribe/ LAURA'S TWITTER → https://x.com/laurashin UNCHAINED TWITTER → https://x.com/unchained_pod FACEBOOK → https://www.facebook.com/unchainedwithlaurashin INSTAGRAM → https://www.instagram.com/laurashin/?hl=en LINKEDIN → https://www.linkedin.com/in/laurashin/ MERCHANDISE → https://unchainedpodcast.company.site/ ======================================================================== NEW EPISODES OF UNCHAINED EVERY TUESDAY AND FRIDAY! ALONG WITH BITS & BIPS AND THE CHOPPING BLOCK 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 YOUR NO-HYPE RESOURCE FOR ALL THINGS CRYPTO!