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Taylor Monahan

Taylor Monahan

Co-Founder of MyEtherWallet

Apr 25, 2026

Colin
ColinHOST
45:12
... what have been the most detrimental side effects and secondary effects of this Kelp DAO hack?
45:19
[sighs] So I think that obviously this was a huge eye-opener for a lot of teams in this space.
45:29
Uh, I think there are some people who are... perhaps should be more scared [laughs] and hardening their systems that aren't, like other bridges, and basically anyone who is, uh, let's say, like reconciling on-chain and off-chain data, especially via like RPCs.
45:47
Um, because, like, I don't know.
45:51
There's just...
45:51
Yeah, so one angle is that.
45:53
Let's just stop there, okay? So, like, one angle is, like, how do we prevent this from happening again? What is DPRK doing here? How do they, [laughs] like, you know, leap ahead? Uh, and how do we make sure this doesn't happen again? Obviously, another one is just risk management with these, uh, lending protocols.

6 MINS LATER

52:17
How can we actually address these issues? What can realistically be done to stop this?
7:20
But then you get this.
7:22
Yes.
7:22
Then you get this.
7:23
And I don't know.
7:24
Maybe I'll put it like this.
7:28
I think I was moderately optimistic that the changes that we've seen are deep enough to really hold.
7:39
But I do think that there was some amount of... let's say experimentation where like the M'lady PFP, right.

49 MINS LATER

56:31
Are you really going to tell me that that doesn't matter?

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