Chaos Labs’ Omer Goldberg joins the crew to dig into the Resolv Labs exploit. Why was the USR minting function controlled by a single key? And how did audits miss it?
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$25 million extracted and millions more in bad debt across lending protocols.
Chaos Labs founder Omer Goldberg joins Uneasy Money hosts Kain Warwick, Luca Netz and Taylor Monahan to unpack the Resolv exploit.
They dive into how the exploit reveals DeFi's basic OpSec and risk judgement failings. Omer highlights the various ways it could have been prevented as Tay says protocol audits have become “security theater.”
Kain questions Morpho's curator model after its pools were hit hard as the contagion spread. He also highlights markers that suggest the exploit may have been executed in panic.
Beyond the Resolv exploit, the crew highlights that Aave v4 has made it out of governance, discussing the motivations behind the upgrade and whether the hub and spoke model will impact listing standards.
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