The crypto ecosystem may experience fewer hacks and alleged fraud incidents, but they still occur as malicious actors take hundreds of millions of dollars from users into the space.
According to Immunefi’s Crypto Losses Q3 2022 reportcrypto losses have declined for the past three quarters in a row, but it is not clear whether that trend will continue for the rest of the year.
And as more people become crypto-curious or continue to build in this space, they could be susceptible to fraud or hacks. So how can people protect themselves? And how can startups, projects and protocols protect their users?
Answers to those questions and more are discussed during a panel with guests Pascal Gauthier, CEO of Ledger; Kathleen Breitman, CEO and Co-Founder of Tezos; and Pratima Arora, chief product officer at Chainalysis at TC Sessions: Crypto on Nov. 17 in Miami.
During the talk dubbed “Securing Web3”, we will delve into how these executives are handling safety and security in the Wild, Wild West – also known as crypto. Whether it’s keeping your own crypto wallet keys to open source codes, we’ll find out what the panelists think are the best ways to keep users safe.
Too often, security is not at the forefront of crypto startup founders, and is only addressed in difficult moments (such as when they are hacked for millions of dollars). So how can the industry encourage founders and developers to prioritize safety early on?
We are curious about how the current crypto market is affecting web3 security and which sectors need more work when it comes to protecting users. We’re also interested in their views on which blockchains, decentralized applications, and projects are role models for security – and which ones they think need improvement.
Ledger has more than 4 million customers and is best known for its hardware wallets that allow people to secure, trade and store their digital assets (including NFTs) on an external physical ledger. In June, Ledger teamed up with VC firm Cathay Innovation to launch a $110 million fund targeting a wide variety of segments in the crypto landscape, including DeFi, security and infrastructure.
Gauthier joined Ledger nearly eight years ago and became president in 2019. Before that, Gauthier was a venture partner at Mosaic Ventures and focused on Series A companies. He also founded and is a non-executive chairman of Kaiko, a Bitcoin-focused data provider.
Tezos, a proof-of-stake blockchain, focuses on smart contracts and is seen as a potential competitor to the Ethereum blockchain. It had the largest first coin offering of all time after raising $232 million in 2017. Husband-and-wife team Arthur and Kathleen Breitman created the blockchain, which initially launched in 2014 under the pseudonym “LM Goodman”.
Finally, Chainalysis is a blockchain data platform that provides data, software, services and research to any entity ranging from government agencies to financial institutions. The investors include Accel, Addition, Benchmark, Coatue, GIC, Paradigm and Ribbit.
Arora joined the Chainalysis team in June 2021 to lead the research and development. Prior to that, she was the general manager and vice president of Confluence – a revenue-generating product for Atlassian – and also spent more than nine years at Salesforce in a variety of roles.
TC Sessions: Crypto will take place on November 17 in Miami. Buy an early bird pass today, save $150, then join the web3, DeFi and NFT communities to keep up with the ever-changing and ever-exciting crypto world.