Security in web3: a series of unfortunate events - Bianca Buzea

I'm sorry to say that the presentation you are about to view is extremely unpleasant. It tells an unhappy tale about several hacks that occurred across DeFi and CeFi platforms. Even though web3 offers the potential for increased financial inclusion and decentralization, it has also been plagued by malicious actors who have exploited vulnerabilities to steal funds. From the very beginning of this presentation, when we discuss the first hack to make headlines, continuing on through the entire discussion, the spectre of danger lurks. One might say that blockchain platforms are magnets for misfortune. In this short presentation, we will cover greedy and repulsive founders, vulnerable smart contracts, security breaches, and plots to steal users' funds. It is my sad duty to delve into these unpleasant tales to seek solutions and redemption where it can be found. But there is nothing stopping you from leaving the presentation and focusing on something more uplifting if you prefer that sort of thing. With all due respect, Bianca Buzea This presentation will cover the history of hacks and thefts in the blockchain space. We will ascertain what went wrong, what was learned and how it got us to where we are today. It explores early technical issues with smart contracts, illegitimate ICOs, and rug pulls and how the ecosystem has thrived in spite of this. It will also detail the evolution of smart-contract security, DAO and auditing ecosystems. Finally, it will propose further decentralisation as a potential solution to these issues as opposed to regulation. I believe this topic is worth exploring in a year where regulation feels like it is at DeFi’s doorstep. A year in which there have been several unprecedented crashes (FTX, Luna). This presentation is an exploration of what went wrong and how DeFi has evolved and will promote growth in the ecosystem and remind us of its massive potential. TL;DR This presentation aims to highlight the growth of the DeFi ecosystem, how it has dealt with threats and how it can better defend itself in the future. https://twitter.com/buzea200 Bianca Buzea Developer Advocate Balancer As a Solutions Engineer turned Web3 Dev Rel, Bianca has been working to onboard developers into the DeFi ecosystem, focusing on user experience and developer engagement at Balancer. She believes in the power of a diverse and collaborative web3 ecosystem.