How 2 DeFi Attacks Made Almost $1 Million in Profit - Ep.113

Lev Livnev, a formal verification researcher at dapp.org and a founding partner at Symbolic Capital Partners, talks about the two attacks on bZx in the last week. He describes what the attackers did, why he thinks flash lending is not the culprit and how much he thinks bZx is to blame. Plus, we talk about what this means for DeFi in general and where the space goes from here. 
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Episode links: 
Lev Livnev: https://lev.liv.nev.org.uk
CoinDesk explanation of both attacks: https://www.coindesk.com/everything-you-ever-wanted-to-know-about-the-defi-flash-loan-attack
The first attack: https://www.coindesk.com/exploit-during-ethdenver-reveals-experimental-nature-of-decentralized-finance
Peckshield analysis on the hack step by step: https://medium.com/@peckshield/bzx-hack-full-disclosure-with-detailed-profit-analysis-e6b1fa9b18fc
BZx's post-mortem on the first attack: https://bzx.network/blog/postmortem-ethdenver
Unchained interview with Compound: https://unchainedpodcast.com/how-youll-earn-interest-on-your-crypto-with-compound-ep-82/
Unchained interview with dYdX: https://unchainedpodcast.com/how-dydx-allows-you-to-take-a-short-position-in-one-token-ep-86/
Unconfirmed interview with Uniswap: https://unchainedpodcast.com/how-uniswap-quickly-became-one-of-the-most-popular-dexes/
The second attack: https://www.theblockcrypto.com/post/56207/bzx-attacked-again-645k-in-eth-estimated-to-be-lost
Sam Czsun blog post: https://samczsun.com/taking-undercollateralized-loans-for-fun-and-for-profit/
What all this means for bZx: https://www.theblockcrypto.com/genesis/56330/money-2-0-stuff-unus-sed-bzx
Unchained interview with Synthetix: https://unchainedpodcast.com/how-synthetix-became-the-second-largest-defi-platform/
Links from news recap:
https://unchainedpodcast.com/omg-bzx-wth/