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The Web3 Watchdogs
Cyvers Podcast
40 episodes
6 days ago
Welcome to Web3 Watchdogs, the podcast that takes a deep dive into the world of Web3 security, compliance, and risk. Michael Pearl interviews executives from across the industry to uncover the challenges and opportunities of this rapidly evolving space. In each episode, we'll explore the latest threats to Web3 security, from hacks and scams to exploits and fraud. We'll also discuss the importance of compliance in the Web3 world and how businesses can navigate the complex regulatory landscape. The podcast is sponsored by Cyvers.ai - your one-stop-shop for Web3 security & threat mitigation
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Technology
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All content for The Web3 Watchdogs is the property of Cyvers Podcast and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Welcome to Web3 Watchdogs, the podcast that takes a deep dive into the world of Web3 security, compliance, and risk. Michael Pearl interviews executives from across the industry to uncover the challenges and opportunities of this rapidly evolving space. In each episode, we'll explore the latest threats to Web3 security, from hacks and scams to exploits and fraud. We'll also discuss the importance of compliance in the Web3 world and how businesses can navigate the complex regulatory landscape. The podcast is sponsored by Cyvers.ai - your one-stop-shop for Web3 security & threat mitigation
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Technology
Episodes (20/40)
The Web3 Watchdogs
#40 - Inside bitFlyer's Security Playbook with Europe MD Ajinkya Tulpule

Michael Pearl interviews Ajinkya Tulpule, Managing Director of bitFlyer Europe. They discuss Ajinkya's transition from a financial regulator to the crypto industry, the compliance-focused ethos of bitFlyer, and the challenges posed by evolving regulations in Europe.

The conversation also touches on security measures, consumer protection, and the potential impact of AI on user experience in crypto exchanges.


(00:00) Introduction to Ajinkya's Journey in Crypto

  • (03:26) Transitioning from Regulator to Industry

  • (05:27) Overview of BitFlyer and Its Compliance Focus

  • (07:08) User Base and Unique Features of BitFlyer

  • (10:32) Regulatory Challenges with Stablecoins

  • (14:09) Comparing Global Regulatory Approaches

  • (18:00) Security Measures and Learning from Competitors

  • (20:55) Consumer Protection and Regulatory Accountability

  • (28:20) Impact of PSD3 on Crypto Exchanges

  • (31:24) The Role of AI in Crypto Exchanges


The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a call⁠⁠⁠⁠

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2 weeks ago
35 minutes 48 seconds

The Web3 Watchdogs
#39 - The Future of Non-Custodial Wallets: James Toledano, Unity's COO

Michael Pearl interviews James Toledano, COO of Unity Wallet. They discuss the evolution of cryptocurrency, the importance of user-friendly interfaces in wallets, and the integration of AI to enhance user experience.

James shares insights on the features of Unity Wallet, including self-custody, security measures, and the regulatory landscape affecting DeFi.

The conversation highlights the future of non-custodial wallets and the need for seamless usability to promote wider adoption of cryptocurrency.

(00:30) Introduction to James Toledano(03:32) James Toledano's Journey to Unity Wallet(06:37) Understanding Unity Wallet's Features and User Experience(09:36) The Role of AI in Enhancing User Interaction(12:49) Swapping and Staking: Unity Wallet's Core Functions(15:29) Security Measures and User Protection in DeFi(18:44) Navigating Regulatory Challenges in the Crypto Space(22:36) The Future of Non-Custodial Wallets and Innovations(35:18) Conclusion and Final Thoughts on Crypto Adoption


The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a call⁠⁠⁠⁠



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3 weeks ago
37 minutes 37 seconds

The Web3 Watchdogs
#38 - The Overlooked Web2 Threats in Crypto with Berachain's CISO, J.M. Porup

Michael Pearl interviews J.M. Porup, the CISO of Berachain, discussing the critical intersection of Web2 and Web3 security.

They explore the importance of addressing Web2 vulnerabilities to prevent Web3 compromises, the evolving landscape of security in the crypto space, and the implications of high-profile hacks.

J.M. shares insights on the security roles within blockchain projects, the regulatory environment, and the future of stablecoins, emphasizing the need for robust security measures as the industry grows.


Chapters:(02:13) Why Web2 Security Still Matters in Web3
(05:01) Inside Berachain’s Security Philosophy
(10:51) The Real-World Challenges of Web3 Security
(15:21) What CISOs Actually Do in Blockchain Projects
(18:41) Post-Mortem: What Recent Hacks Tell Us
(24:18) The Overlooked Web2 Threats in DeFi
(26:30) Why Compliance ≠ Security
(33:10) Stablecoins, Risk, and the Road Ahead

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a call⁠⁠⁠⁠

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1 month ago
41 minutes 44 seconds

The Web3 Watchdogs
#37 - How Security Shapes Market Making – Martins Benkitis, CEO of Gravity

Michael Pearl interviews Martins Benkitis, co-founder and CEO of Gravity Team.

They discuss the evolution of Gravity, the importance of liquidity in crypto trading, the technology behind their trading operations, and the security risks associated with centralized exchanges.

The conversation also covers the regulatory landscape for market makers, the rise of stablecoins, and the challenges of compliance and transparency in the crypto space.


Chapters:(03:14) Martins Benkitis: Background and Founding Gravity
(05:57) Gravity's Trading Operations and Technology
(08:40) Understanding Market Makers and Liquidity Providers
(11:07) Security Risks in Centralized Exchanges
(15:18) Impact of Hacks on Token Value
(17:54) Regulatory Landscape for Market Makers
(21:12) The Rise of Stablecoins and Market Maker Incentives
(26:08) Future of Stablecoins and Compliance Challenges

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a call⁠⁠⁠⁠

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2 months ago
31 minutes 18 seconds

The Web3 Watchdogs
#36 - Flipster GM, Ben Grolimund on Derivatives, Regulation & the UAE Advantage

Michael Pearl sits down with Ben Grolimund, General Manager of Flipster in the UAE. With over 17 years of experience in fintech and crypto, Ben brings deep insights into the fast-evolving landscape of digital asset trading. The conversation dives into Flipster’s unique approach to derivatives, and why the UAE is emerging as a global crypto hub.

They explore key issues like security best practices, regulatory clarity, and real-time compliance monitoring—critical elements for any serious crypto exchange. Ben also shares his take on the future of stablecoins and how Flipster is positioning itself for continued growth.


Chapters:(01:46) Ben Grolimund's Background and Experience
(03:30) Understanding Flipster's Unique Proposition
(06:39) The Rise of Perpetuals and Derivatives
(11:29) Why the UAE is a Crypto Hub
(15:06) Regulatory Landscape in the UAE
(19:38) Security and Compliance in Crypto Exchanges
(28:27) The Future of Stablecoins

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a call⁠⁠⁠⁠

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2 months ago
32 minutes 17 seconds

The Web3 Watchdogs
#35 – Even in Death, We Pioneer: CEO Oliver Linch on Bittrex’s Final Chapter

Michael Pearl speaks with Oliver Linch, CEO of Bittrex, about the exchange’s final chapter and what it reveals about the state of regulation, compliance, and trust in Web3.

A seasoned legal mind turned crypto executive, Linch reflects on Bittrex’s pioneering role in advocating for regulatory frameworks long before it was standard.

The conversation covers everything from Bittrex’s emphasis on security and innovation, to the harsh realities of winding down an exchange in today’s turbulent market.

Linch doesn’t shy away from hard truths - calling out the lag in regulation, the persistence of fraud and scams, and the importance of protecting users even during shutdown.

A powerful episode on legacy, accountability, and what it really means to be compliant in crypto.

Chapters:(01:54) Oliver Linch's Background and Transition to CEO
(12:19) Bittrex at Its Prime: A Historical Overview
(18:17) The Evolution of Crypto Exchanges and Regulation
(23:56) Security vs. Regulation: The Ongoing Debate
(29:05) Fraud, Scams, and Consumer Protection in Crypto
(34:08) The Future of Bittrex and Closing Remarks

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a call⁠⁠⁠⁠

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2 months ago
36 minutes 54 seconds

The Web3 Watchdogs
#34 - Navigating DeFi Risk and Compliance with Poolder's CFRO

Michael Pearl interviews Carla Van Sintfiet, the Chief Financial and Risk Officer at Poolder.

Carla shares her unique journey from a background in science to the world of finance and crypto. She discusses the challenges of balancing growth and risk management in the fast-paced DeFi space, the importance of robust AML systems, and how AI is revolutionizing risk management.

Carla emphasizes the need for a hybrid approach to security and compliance, navigating complex global regulations, and fostering a culture of risk awareness within organizations.

Episodes-

  • (03:57) Carla's Journey from Science to Finance

  • (04:45) Understanding Poolder: A New Crypto Investment Platform

  • (06:54) Balancing Growth and Resilience in Risk Management

  • (09:44) Mitigating Security Risks in Smart Contracts

  • (12:35) Adapting to the Fast-Paced Crypto Environment

  • (15:21) Building a Robust AML System

  • (18:05) The Role of AI in Risk Management

  • (21:07) Assessing Risks in DeFi Protocols

  • (23:30) Navigating Global Regulatory Frameworks

  • (26:48) Hybrid Approach to Security and Compliance

  • (29:01) Fostering a Culture of Risk Awareness


The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a call⁠⁠⁠⁠

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3 months ago
34 minutes 31 seconds

The Web3 Watchdogs
#33 - Managing Risk for Thailand’s Largest Crypto Exchange - with Bitkub CRO

Michael Pearl interviews Noratip Dhanasarnsilp, the Chief Risk and Internal Control Officer of Bitkub - Thailand's largest centralized crypto exchange.

They discuss Noratip's journey from IT security at Deloitte to leading risk management at Bitkub, the company's mission to democratize finance, and the growing Thai crypto landscape.

Noratip elaborates on the importance of building a proprietary blockchain, the various risks associated with centralized exchanges, and the measures Bitkub takes to combat fraud and financial crimes.

The conversation also touches on collaboration with telecom companies and banks to enhance security and compliance in the crypto space, as well as the evolving regulatory landscape in Thailand.


Topics:(01:37) Noratip's Journey to Bitkub
(03:49) The Thai Crypto Landscape
(06:55) User Base and Expansion Plans
(08:12) Building a Proprietary Blockchain
(09:42) Understanding Risk Management
(13:41) Centralized Exchange vs. DeFi Risks
(15:59) Addressing Fraud and Money Laundering
(20:46) Handling Illicit Funds
(23:49) The Role of Money Mules
(28:32) Collaboration with Banks and Telecoms
(30:51) Consumer Protection in Thailand
The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a call⁠⁠⁠⁠

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3 months ago
33 minutes 17 seconds

The Web3 Watchdogs
#32 – Anchorage’s Policy Chief on Building the First Federally Chartered Crypto Bank

Michael Pearl interviews Kevin Wysocki, Head of Policy at Anchorage Digital, the first federally chartered digital asset bank in the U.S.

They discuss the regulatory landscape for crypto, the importance of custody services, and the role of stablecoins in the evolving financial ecosystem.

Kevin shares insights on the challenges faced by crypto companies, the significance of the Genius Act, and the future of institutional adoption in the crypto space.
Topics:

(00:30) Introduction to Anchorage Digital and Kevin Wysocki
(02:18) Navigating Regulation in Crypto vs. Social Media
(05:04) Understanding Federal Charter and Its Implications
(08:46) Clientele and Institutional Trust in Anchorage
(09:57) Security Measures in Digital Asset Custody
(12:40) Compliance and Regulatory Challenges in Crypto
(15:57) The Growing Ecosystem of Stablecoins
(18:29) Future of Stablecoins and Institutional Adoption
(22:29) The Importance of Custody and Trading Separation
(25:47) Debanking Issues and Regulatory Changes
(27:59) The Future of Crypto: Institutionalization vs. DeFi

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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3 months ago
31 minutes 23 seconds

The Web3 Watchdogs
#31 - Antonio Alvarez - CCO at Crypto.com on Compliance and Security at Scale for 140M+ Users

In this episode, Michael Pearl interviews Antonio Alvarez Lorenzo, Chief Compliance Officer of Crypto[.]com.

They discuss the evolution of the cryptocurrency industry, the importance of compliance and security in Web3, and the challenges of anti-money laundering in a rapidly changing landscape.

Antonio shares insights from his extensive career in finance and compliance, detailing how Crypto.com aims to make cryptocurrency accessible to everyday users while navigating complex regulatory environments.

The conversation also touches on the future of stablecoins, consumer protection, and the ongoing battle against fraud in the crypto space.


(00:59) Antonio's Career Journey
(03:35) Crypto[.]com's Mission and Unique Offerings
(07:26) Challenges of Anti-Money Laundering in Crypto
(10:48) Differentiating Between Good and Bad Funds
(15:44) Managing Illicit Funds and Regulatory Expectations
(21:11) The Dark World of Fraud in Crypto
(27:45) Navigating Regulation and Consumer Protection
(33:32) The Evolution of Stablecoins and CBDCs
(39:08) Crisis Management in Centralized Exchanges
(41:53) The Future of Crypto in Financial SystemsThe Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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4 months ago
49 minutes 4 seconds

The Web3 Watchdogs
#30 - Tackling Crypto Fraud & the $20B Seizure Pipeline with Joanna Summers

Michael Pearl interviews Joanna Summers, the Chief Recovery Officer at Asset Reality. They discuss Joanna's unique role in asset recovery, particularly in the context of cryptocurrency and the challenges faced in managing crypto crime compared to traditional financial crime.

Joanna shares her experiences with significant cases like the Silk Road and highlights the alarming rise of pig butchering scams.

The conversation also touches on the regulatory landscape and the responsibilities of financial institutions in preventing fraud.Chapters(03:30) Joanna's Background and Role at Asset Reality(06:20) Differences Between Crypto and Traditional Asset Recovery
(09:15) Challenges in Seizing and Recovering Crypto Assets
(11:46) The Silk Road Case: A Landmark in Crypto Seizures
(15:49) The U.S. Government's Crypto Holdings and Market Impact
(17:26) Pig Butchering Scams: A Growing National Security Threat
(21:19) The Role of Financial Institutions in Preventing Fraud
(26:11) Advice for Users and Platforms on Minimizing Fraud

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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4 months ago
30 minutes 12 seconds

The Web3 Watchdogs
#29 - Coinhako CISO Pasi Koistinen on Securing Exchanges Post-Bybit Hack

Michael Pearl interviews Pasi Koistinen, the Chief Information Security Officer of CoinHako, discussing his extensive background in cybersecurity and the unique challenges faced in the crypto industry.

They explore the transition from traditional Web2 security to the complexities of Web3, the risks associated with centralized and decentralized finance, and the lessons learned from significant hacks like Bybit.

Pasi emphasizes the importance of technology, awareness, and regulatory compliance in preventing fraud and safeguarding user assets. The discussion also touches on the future of cybersecurity in the crypto space, particularly the role of AI in enhancing security measures.


(03:06) Pasi Koistinen's Background and Role at CoinHacko

(05:31) Unique Security Challenges in the Crypto Industry

(08:14) Lessons from the Bybit Hack

(10:47) Preventing Future Hacks: Technology and Awareness

(13:32) Fraud Prevention in Centralized Exchanges

(16:12) Regulatory Landscape in Singapore

(18:27) Consumer Protection and Asset Safeguarding

(21:23) The Future of Cybersecurity in Web3

(23:43) Pasi's Insights on AI and Cybersecurity

(26:22) Conclusion and Book Recommendations


The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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5 months ago
31 minutes 17 seconds

The Web3 Watchdogs
#28 - The Push for Global Standards in Regulation with GDF's Elise Soucie Watts

Michael Pearl interviews Elise Soucie Watts, the Executive Director at Global Digital Finance.

They discuss the evolving landscape of security, fraud, and compliance in the Web3 space, emphasizing the importance of a compliance-first approach for crypto firms.

Elise shares insights from her background in counterterrorism and her work at the FCA, highlighting the need for regulatory frameworks that protect consumers while allowing for innovation.

The conversation also touches on the challenges of fraud prevention, particularly in relation to pig butchering scams, and the role of regulators in ensuring cyber resilience within the industry.

  • (00:30) Elise's Background

  • (03:32) Understanding Global Digital Finance (GDF) and Its Role

  • (06:35) The Importance of Compliance in the Crypto Industry

  • (09:03) Navigating Regulatory Challenges in Transaction Monitoring

  • (12:22) Addressing Fraud: The Case of Pig Butchering

  • (18:03) Consumer Protection and Regulatory Frameworks

  • (23:38) Insights from Elise's Time at the FCA

  • (29:31) Cyber Resilience and Regulatory Expectations

  • (34:19) Conclusion and Future Directions for GDF


    The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

    Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

    Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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    5 months ago
    37 minutes 4 seconds

    The Web3 Watchdogs
    #27 - Inside the World's 3rd Largest Exchange with Bitget COO

    Michael Pearl interviews Vugar Usi Zade, COO of Bitget, discussing the importance of security, compliance, and fraud prevention in the cryptocurrency space.

    Vugar shares his personal journey into crypto, the role of Bitget in promoting financial inclusion, and the exchange's security practices to protect users from fraud and scams.

    The conversation highlights the challenges and responsibilities of crypto exchanges in ensuring user safety and the industry's evolution towards greater security measures.(01:39) Vugar's Journey into Crypto
    (05:21) The Importance of Financial Freedom in Crypto
    (08:38) Overview of BitGat's Operations and User Base
    (13:13) Security Challenges in the Crypto Space
    (14:24) Bitget's Security Measures and Protocols
    (24:54) Addressing Fraud and Scams in Crypto
    (35:37) Conclusion and Final Thoughts

    The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

    Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

    Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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    5 months ago
    37 minutes 20 seconds

    The Web3 Watchdogs
    #26 - VALR's Legal Chief on Scaling Compliance from South Africa Globally

    Michael Pearl interviews Nick Wright, the Chief Legal Officer at VALR, South Africa's largest crypto exchange.

    They discuss Nick's unique journey from marine biology to the world of crypto law, the regulatory landscape in South Africa, and the challenges of compliance in the rapidly evolving crypto market.

    Nick shares insights into VALR's operations, user base, and the importance of anti-money laundering practices. The conversation also delves into fraud prevention strategies, the impact of mixers on transactions, and VALR's plans for global expansion.


    (03:37) Nick's Journey to VALR

    (06:28) Overview of VALR and South Africa's Crypto Landscape

    (09:47) Regulatory Framework for Crypto in South Africa

    (12:33) AML Practices and Monitoring Tools at VALR

    (15:43) Understanding Mixers and Their Risks

    (18:39) Scams and Fraud in the Crypto Space

    (21:41) Identifying and Preventing Fraud on VALR

    (24:45) Post-Hack Security Measures at VALR

    (27:49) VALR's Global Expansion Plans

    Download Cyvers's Pig Butchering report.

    The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

    Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

    Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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    6 months ago
    32 minutes 14 seconds

    The Web3 Watchdogs
    #25 - Why Crypto Insurance Needs to Be Built from Scratch

    Michael Pearl interviews Anya Szpak, the Chief Legal Officer at Nexus Mutual.

    They discuss the unique insurance model of Nexus Mutual, which operates as a decentralized insurance platform where members insure one another.

    Anya shares insights on the challenges of risk assessment in decentralized finance, the transparent claims process governed by community voting, and the regulatory landscape for discretionary insurance in the UK.


    (05:45) Nexus Mutual: Revolutionizing Insurance in Web3

    (11:03) Understanding Coverage: Who and What is Insured

    (12:54) Risk Assessment in DeFi: Navigating Uncertainties

    (19:22) Claims Process: How Does It Work?

    (24:48) Regulatory Landscape: Navigating Compliance in Insurance

    (29:04) Ensuring Security: Protecting Nexus Mutual from ThreatsThe Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

    Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

    Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

    ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a call⁠⁠⁠⁠

    Show more...
    6 months ago
    30 minutes 26 seconds

    The Web3 Watchdogs
    #24 - TRM's Ari Redbord - On the Global Battle Against Financial Crime

    Michael Pearl speaks with Ari Redbord, Global Head of Policy at TRM Labs, to discuss the complexities of security, fraud, and compliance in the Web3 space.

    They explore the challenges faced by law enforcement in tracking illicit activities in cryptocurrency, the evolving regulatory landscape, and the significant issue of pig butchering scams.

    The conversation highlights the need for better tools and training for investigators, the role of exchanges in preventing fraud, and the implications of recent shifts in enforcement focus.

    (03:05) The Challenges of Investigating Crypto Crimes
    (06:13) Understanding Regulatory Expertise in Crypto
    (09:24) The Balance of Regulation and Industry Growth
    (13:13) Shifting Focus: From Regulation to Targeting Bad Actors
    (16:37) The National Security Implications of Pig Butchering Scams
    (22:00) The Role of Exchanges in Preventing Fraud
    (24:11) Regulatory Responsibilities and Consumer Protection
    (27:42) Investigating Crypto Crimes: The Bitfinex Case
    (34:24) Terror Financing and Cryptocurrency
    (40:23) Challenges of Off-Ramping Crypto Funds
    (44:05) Conclusion and Future InsightsThe Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

    Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

    Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

    ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a call⁠⁠⁠⁠

    Show more...
    6 months ago
    42 minutes 33 seconds

    The Web3 Watchdogs
    #23 - How HK Shapes Web3 — With Matrixport’s Compliance Head

    Michael Pearl interviews Derek Hong, Head of Compliance at Matrixport Hong Kong, discussing the evolving landscape of compliance in the crypto space, particularly in Hong Kong.

    They explore Derek's extensive background in compliance across various financial sectors, the unique challenges faced by Matrixport as a comprehensive crypto financial service provider, and the regulatory framework in Hong Kong that aims to balance innovation with consumer protection.

    The conversation delves into the importance of security measures, transaction monitoring, and the proactive steps taken to prevent fraud and scams in the rapidly changing crypto environment.

    (00:44) Derek Hong's Background and Experience
    (02:25) Compliance in Different Financial Sectors
    (04:09) Matrixport's Unique Compliance Challenges
    (06:10) Regulatory Landscape in Hong Kong
    (09:27) Deemed Licensing Process and Compliance Operations
    (13:28) AML Requirements and Transaction Monitoring
    (15:58) Security Measures Against Hacks
    (20:28) Consumer Protection Regulations in Hong Kong
    (22:32) Budgeting for Reimbursements
    (23:35) Fraud Prevention Tools and Strategies
    (25:35) Current Threats in the Crypto Space
    (27:59) Real World Assets and Regulatory Considerations
    (30:06) Future of Hong Kong as a Crypto Hub

    The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

    Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

    Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

    ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a call⁠⁠⁠⁠

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    6 months ago
    31 minutes 47 seconds

    The Web3 Watchdogs
    #22 - From Markets to Compliance: Inside Flow Traders' Risk Management

    In this conversation, Julie Fossett, Head of Enterprise and Operational Risk at Flow Traders.

    Julie discusses her extensive background in finance and compliance, particularly in the context of market making and trading.

    She elaborates on the complexities of market risk management, compliance requirements, and the unique challenges posed by the crypto landscape.

    The discussion also covers the importance of transaction monitoring, the role of AI in enhancing compliance processes, and the current state of insurance in the crypto space.

    Chapters

    (02:50) Understanding Market Risk Management in Trading(06:24) Compliance Challenges for Market Makers(06:42) Navigating Crypto: C-Fi vs DeFi(08:41) Handling Illicit Funds in Crypto Transactions(13:25) Risk Management in Multi-Asset Trading(15:27) Responding to Security Incidents in Crypto(18:55) Regulatory Landscape for Flow Traders(21:03) Addressing Scams and Fraud in Crypto(23:13) ETPs vs ETFs: Understanding the Differences(25:51) The Role of AI in Transaction Monitoring(29:47) Insurance Challenges in the Crypto Space


    The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

    Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

    Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

    ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a call⁠⁠⁠⁠

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    6 months ago
    32 minutes 5 seconds

    The Web3 Watchdogs
    #21 - Lessons from the Front Lines of Web3 Fraud Recovery — with Chris Groshong

    Michael Pearl interviews Chris Groshong, president of Constructive and executive director at Crypto Recovery Alliance.

    The conversation delves into the tools and processes used in blockchain forensics, the challenges faced by law enforcement in recovering lost funds, and the heartbreaking stories of victims of crypto scams.

    Chris also shares insights into the mission of the Crypto Recovery Alliance, which aims to provide support and resources for victims of cryptocurrency fraud.Chapters:(01:30) From Genetics to Crypto: Chris's Journey
    (04:16) Entering the World of Compliance and Education
    (06:51) Tools for Blockchain Forensics and Investigations
    (09:32) The Process of Recovery: A Step-by-Step Guide
    (14:09) Challenges in Recovery and Law Enforcement Collaboration
    (17:42) The Role of Exchanges in Fund Recovery
    (20:32) Balancing Compliance and Business Objectives
    (24:10) The Interplay of Investigations and Compliance
    (25:41) Understanding Scams as a Business
    (27:01) Heartbreaking Stories of Victims
    (29:09) The Complexity of Modern Scams
    (33:05) Law Enforcement Challenges
    (37:12) Preventative Measures and Tools
    (42:02) The Mission of the Crypto Recovery Alliance

    The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like Ledger, BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

    Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

    Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

    ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a call⁠⁠⁠⁠

    Show more...
    7 months ago
    45 minutes 45 seconds

    The Web3 Watchdogs
    Welcome to Web3 Watchdogs, the podcast that takes a deep dive into the world of Web3 security, compliance, and risk. Michael Pearl interviews executives from across the industry to uncover the challenges and opportunities of this rapidly evolving space. In each episode, we'll explore the latest threats to Web3 security, from hacks and scams to exploits and fraud. We'll also discuss the importance of compliance in the Web3 world and how businesses can navigate the complex regulatory landscape. The podcast is sponsored by Cyvers.ai - your one-stop-shop for Web3 security & threat mitigation