Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news in the digital asset industry. Show topics:

• how social engineering was used in the $600 million+ Ronin bridge hack
• what bridge infrastructure needs to be built (note: if someone wants to build a cross-chain Etherscan, it sounds like Tarun would fund it)
• why the Inverse Finance hack impressed Tom
• how Open Zeppelin found and patched a $15 billion vulnerability for Convex Finance
• why transitioning to token governance might be an issue for Convex
• what made USDN de-peg
• why Tarun think algorithmic stablecoin creators are a little crazy
• the elegance of the Bitcoin whitepaper
• what their biggest takeaways from Elon Musk’s purchase of Twitter are
• why Tarun thinks FTX investing in IEX is actually a huge deal

Hosts

• Haseeb Qureshi, managing partner at Dragonfly Capital
• • https://twitter.com/hosseeb
• Tom Schmidt, general partner at Dragonfly Capital
• • https://twitter.com/tomhschmidt
• Tarun Chitra, managing partner at Robot Ventures
• • https://twitter.com/tarunchitra 
• Robert Leshner, founder of Compound 
• • https://twitter.com/rleshner 

Topics Covered

• Ronin hack
• • https://www.bloomberg.com/news/articles/2022-03-29/hackers-steal-590-million-from-ronin-in-latest-bridge-attack
  • https://decrypt.co/96811/nearly-7m-hacked-ronin-funds-sent-privacy-mixer-tornado-cash
  • https://roninblockchain.substack.com/p/community-alert-ronin-validators?s=w
• More hacks: Inverse Finance, Convex Rugpull disclosure
• • https://www.coindesk.com/tech/2022/04/02/defi-lender-inverse-finance-exploited-for-156-million/
  • https://twitter.com/bertcmiller/status/1510284763332071427
  • https://blog.openzeppelin.com/15-billion-rugpull-vulnerability-in-convex-finance-protocol-uncovered-and-resolved/
• USDN Peg broken, drama ensues
• • ​​https://www.theblockcrypto.com/post/140475/drama-erupts-around-the-waves-blockchain-project-and-trading-firm-alameda 
  • https://www.coingecko.com/en/coins/neutrino-usd
• Why is Elon taking a stake in Twitter?
• • https://decrypt.co/96809/dogecoin-cheerleader-elon-musk-takes-9-2-stake-in-twitter
  • https://www.wsj.com/articles/twitter-to-name-elon-musk-to-its-board-of-directors-11649162614?mod=article_inline
• FTX purchasing a stake in IEX
• • https://www.prnewswire.com/news-releases/ftx-us-and-iex-join-forces-to-help-shape-market-structure-for-digital-assets-301517550.html
• Lightning Labs' $70 million raise
• • https://www.theblockcrypto.com/post/140560/lightning-labs-taro-protocol-stablecoins-fundraise 
• Gauntlet raises $23.8M led by Ribbit, now a Unicorn - congrats Tarun!

• https://cointelegraph.com/news/crypto-quant-firm-gauntlet-valued-at-1b-following-series-b

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