Vitalik on Asking Security Questions (7 minute read)
Vitalik Buterin argues that as AI advances, cryptography alone is insufficient in protecting you from losing self-custodied crypto funds. One proposal he lays out, particularly effective for personal interactions, is the use of intricate security questions around shared experiences or information known just to the individuals involved. Pairing such strategies with code words, multiple verification channels, and transaction delays can create a robust, human-friendly security approach suited to this expanding threat.
FTX Files to Sell Subsidiary Acquired for $10 Million to CoinList for $500,000 (2 minute read)
The FTX estate is reportedly planning to sell its subsidiary Digital Custody Inc. to CoinList for $500,000 despite acquiring it for $10 million in 2022. The sale is financed by Terence Culver, the former CEO of Digital Custody. According to FTX's lawyers, the reason for the sale is the company's inability to revive FTX.US, which rendered Digital Custody useless to its business. The deal allows FTX time to find a better offer.