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

Related resources

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.

Speakers on today’s episode

• Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) 
• Philip Martin (Chief Security Officer, Coinbase)

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