Public Key Building Trust and Safety in the Crypto Threat Landscape
Building Trust and Safety in the Crypto Threat Landscape
Cyber security and combating emerging threats in the crypto industry appeared to be a complicated problem to have, but what if a simple Rubber Ducky could be the answer to consumer protection in web3.
In this episode, Ian Andrews is joined by trust and safety practitioner, Philip Martin (Chief Security Officer at Coinbase) who describes how Coinbase prioritized security in the early days in order to build a strong foundation of consumer protection and how they implement Multi-Party Computation (MPC) in their wallet infrastructure.
Philip highlights the main cyber security concerns from both a crypto exchange and DeFi perspective and how the industry needs to work with the public sector to combat crypto related scams like Pig Butchering.
Minute-by-minute episode breakdown- (2:15) – Philip describes Coinbase’s approach to building a strong security foundation early on
- (6:15) – The Coinbase Wallet product and the implementation of Multi-Party Computation (MPC) for added cryptographic security
- (9:40) – How to protect customers from pig butchering and other crypto related scams happening outside of the platform
- (16:30) - What is the Rubber Ducky System and how will it save potential victims from losing their crypto
- (19:00) – Understanding the main security concerns with both DeFi and CeFi organizations
- (21:05) – What has Philip excited for the future of crypto and web3
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
- Conference: Chainalysis Links 2023 in Amsterdam (May 9 & 10 - Register Now)
- Website: Coinbase: The easiest place to buy and sell cryptocurrency
- Chainalysis Blog: Lessons from Links: How to Safely Grow the Crypto Industry While Fostering Innovation
- Coinbase Blog: How Smart Cryptography Makes Coinbase More Secure
- YouTube: Chainalysis YouTube page - Links 2023 Content (coming soon)
- Twitter: Chainalysis Twitter: Building trust in blockchain
- TikTok: Newly launched Chainalysis Tik Tok page
- Website: Chainalysis: We are paving the way for a global economy built on blockchains.
- Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)
- Philip Martin (Chief Security Officer, Coinbase)
This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.
Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.
Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.
Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.