BREAKDOWN: So Now They’re Hacking DeFi Protocols Before They’ve Even Launched?
When the DeFi degens caught wind of a new pre-release Andre Cronje project they piled in, only to get $16 million hacked away in a flash.
Sep 29, 2020
Listen or watch all the new CoinDesk podcast episodes wherever you want.
ABOUT
When the DeFi degens caught wind of a new pre-release Andre Cronje project they piled in, only to get $16 million hacked away in a flash.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
DeFi is one of the breakout crypto categories of 2020. Indeed, yield farming and the grand game of “money legos” has been so profitable that many are following every new protocol with rapt attention.
This is all the more true for projects graced by YFI creator Andre Cronje. So when word got out about a new, pre-release game economy engine called “Eminence,” the DeFi degens took advantage of the permissionless nature of DeFi to pump $16 million or so into EMN.
What happened next was arguably the first pre-release hack in DeFi’s history. This episode breaks down what happened and what it means for the fledgling field.
HOST
CoinDesk
CoinDesk is the world leader in news, prices and information on bitcoin and other digital currencies.
We cover news and analysis on the trends, price movements, technologies, companies and people in the bitcoin and digital currency world.
EPISODES
The Growing Dominance of Crypto KOLs
Exploring the rise of crypto KOLs with Celo Co-Founder Rene Reinsberg and 'Binance Blockchain 100' Award Winner Leon....
15 hours ago
THE MINING POD: ABTC Investor Unlock, IREN’s $3.6B Capital Raise, Greenidge’s Fire and Land Sale
On today’s news roundup, the gang covers the American Bitcoin investor unlock that sunk the ABTC share price this wee...
16 hours ago
The Blockspace Pod: The Conspiracy Was True: Operation Chokepoint 2.0
A new House report confirms the Biden Administration's coordinated, extralegal "Operation Chokepoint 2.0" to debank t...
Dec 3, 2025
THE MINING POD: CleanSpark FY 2025 Recap: It's Not an AI Pivot, It's an Expansion w/ Matthew Schultz
CleanSpark CEO Matt Schultz joins us to discuss CleanSpark’s fiscal year 2025 earnings.
Dec 2, 2025
COINDESK SERIES
0 EPISODE
The Mining Pod
Feb 10, 2025
1367 EPISODES
CoinDesk Podcast Network
The top stories and best shows in the blockchain world, delivered daily from the team at CoinDesk.
Dec 20, 2023
1347 EPISODES
Markets Outlook
Tune in as CoinDesk runs down action in the crypto market and some of the most important recent industry development.
Dec 19, 2023
0 EPISODE
Unchained
Unchained, your no hype resource for all things crypto by former Forbes senior editor Laura Shin, author of The Cryptopians.
Dec 18, 2023
