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Arjun Bhuptani, founder of Connext and bridging expert, breaks down the Ronin bridge exploit that led to a hacker stealing $600 million+ and discusses different bridge designs that could limit future attacks. Show highlights:\n how a hacker was able to drain more than $600 million from Ronin bridge\n the difference between DeFi hacks and the Ronin bridge exploit, which was a social-engineering based attack\n why multisig bridges are susceptible to social engineering attacks\n why Arjun believes the Ronin hacker is a sophisticated entity\n whether Sky Mavis will be able to reimburse users\n the different attack vectors for cross-chain bridges\n what Arjun thinks about different bridge designs\n Thank you to our sponsors!\n Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021\xa0\xa0\xa0\xa0\n Coinchange: https://coinchange.io\xa0\xa0\xa0\n OnJuno: https://onjuno.com/\xa0\n \xa0\n Episode Links\n Arjun Bhuptani\n Twitter: https://twitter.com/arjunbhuptani\xa0\n \xa0\n Ronin Hack\n Latest update from Ronin\n \n https://twitter.com/Ronin_Network/status/1509284549020188672\xa0\n \n https://twitter.com/Psycheout86/status/1509134627319033863\xa0\n \n Community alert explaining the hack:\n https://roninblockchain.substack.com/p/community-alert-ronin-validators?s=w\n \n Etherscan of the hack taking place\n https://etherscan.io/address/0x098b716b8aaf21512996dc57eb0615e2383e2f96\n \n Reactions\n Mudit Gupta \u2013 the hacker is sophisticated\n https://twitter.com/Mudit__Gupta/status/1508868214075310091\n \n Arjun Bhuptani \u2013 why multisig bridges are vulnerable\n https://twitter.com/arjunbhuptani/status/1508861771595059205\n \n https://twitter.com/arjunbhuptani/status/1508861771595059205\xa0\n \n Ed Zitron \u2013 social engineering\n https://ez.substack.com/p/the-infinite-exploitation-of-cryptocurrency\n \n \n Information on Ronin\n \n https://twitter.com/joel_john95/status/1486809221962289154\xa0\n \n Why bridging is hard\n \n https://blog.connext.network/the-interoperability-trilemma-657c2cf69f17\xa0\n \n Arjun\u2019s latest article on Optimistic bridges\n \n https://twitter.com/arjunbhuptani/status/1509582024104939523?t=4HCssiWfO5v65ehXRnWL3A&s=19\xa0\n \n \nLearn more about your ad choices. Visit megaphone.fm/adchoices