Big news: @LloydsofLondon has made a strategic investment in Circuit as we launch Response, a real-time hack containment system.
We’re solving the catastrophic risk puzzle that has kept insurers on the sidelines, enabling real-time asset protection.
Read the full story from @Forbes: forbes.com/sites/digital-ass…
Introducing Key Backup.
Secure, in-house backup for private keys and any secret that matters. You run the encryption and control it, sharded across your own hardware.
circuitsecurity.com/key-back…
Circuit now supports @turnkeyhq wallets!
Teams build on Turnkey for security and performance. Circuit builds on that in the same spirit.
Keyless recovery and automated responses, governed by your Turnkey policies.
Circuit (@CircuitSecurity ) — keyless backup and recovery infrastructure that lets institutions move assets out of a failing custodian in minutes — joins EBC12 as Bronze Partner.
Meet them at European Blockchain Convention 12 in Barcelona: eblockchainconvention.com/eu…
Response now has a Policy Engine.
Configure deterministic triggers in Circuit Security. When a rule breaks, Circuit acts, moving your assets out of danger in seconds with no human intervention required.
Everything is orchestrated by you in advance.
DeFi security is not pricing in the incentives of a nation-state adversary
Audits, formal verification, bug bounties are all calibrated for a threat model that ends at "sophisticated hacker." The actual adversary has a national budget, a multi-year timeline, and a nation to fund.
"We have a nation state adversary who wants to take all of the money."
Harry Donnelly, Founder @CircuitSecurity on the $292M KelpDAO Exploit
The $292M KelpDAO Exploit: A Step-by-Step Autopsy
Shoal Signal Ep. 3 with Harry Donnelly, founder of Circuit (@Circuitsecurity). Hosted by @zaddycoin.
We cover the attack anatomy, why LayerZero's DVN architecture made it possible, and how the bad debt cascaded into Aave. We get into Lazarus Group's role and what nation-state attacks on DeFi look like now. And we close on why machine-speed controls matter more than perfect code.
0:00 Intro and background
0:40 What is KelpDAO and rsETH
2:45 LayerZero architecture and DVN design
4:04 The one-of-one DVN vulnerability
6:53 RPC node compromise and attack mechanics
9:48 Aave impact and bad debt cascade
14:18 Loss socialization and precedent setting
18:04 Composability risks and system fragility
22:26 Lazarus Group and fund movement patterns
24:24 What happens next and Circuit's role
28:10 Automated controls and machine-speed detection
The OCC's proposed stablecoin rules do not allow issuers to offer yield. Banks can. Same regulatory umbrella.
Is this fair?
linkedin.com/posts/circuitse…
JPMorgan, BlackRock, Circle, Fidelity, Paxos, Stripe, Coinbase, Morgan Stanley.
In 14 months every major US financial regulator moved to enable institutional crypto. We broke down what the OCC's proposed rules actually require.
linkedin.com/posts/circuitse…
Detection without response is just documentation of how you got hacked.
@CircuitSecurity is closing the gap between alert and action.
We're closing the gap between vulnerability and deployment.
Different layers. Same problem.
South Korea's tax authority seized a Ledger wallet, photographed the seed phrase, and put it in a press release.
Wallet drained within hours. This was after two other agencies had lost in similar ways weeks before.
We wrote it up: linkedin.com/posts/circuitse…
Today, we'll be talking about something important.
It's your security.
If you hold a portfolio in #Altcoins & $BTC, this podcast episode of @new_era_finance is a must watch.
Security of your assets, with Harry, founder of @CircuitSecurity.
Watch it here: piped.video/Co42H9dM06I