This Vigilante Keeps Crypto Safe From Thieves by Hacking it First

Published: June 9, 2022, 8:45 p.m.

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Crypto is the wild west. Decentralized finance is the purview of the rich and the risk-taker. There\\u2019s millions to be had, but it\\u2019s easy\\u2014often too easy\\u2014to lose everything. If you read Motherboard you know that big and wild hacks are common. Maiar went offline recently after hackers stole $113 million from it. The Osmosis exchange just lost $5 million to hackers. And those are just the stories Motherboard reported on this week.


If you\\u2019re an investor, an exchange, or a private holder, who do you turn to when your crypto is being stolen? The authorities are so far behind it\\u2019s funny. No, remember, this is the wild west. Sometimes the only thing that can handle a black hat is a white hat.


Today we\\u2019re gonna meet one of the vigilante white hat hackers who saves crypto from thieves\\u2026 by stealing it before they can.


With me today is Motherboard Senior Staff writer Lorenzo Franceschi-Bicchierai, who wrote about the phenomenon on the site and LP, one of the white hats who hacks millions in crypto before thieves can get to it.


Stories discussed in this episode:


Meet the Vigilantes Who Hack Millions in Crypto to Save It From Thieves


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