Bitcoin ETFs and Avoiding Scams w/Birb | S7 E2

DeFi Security

Ensuring security in DeFi protocols is crucial to prevent common exploits and vulnerabilities. Birb emphasizes the importance of ongoing relationships with security partners, as code complexity increases and new hacking methods emerge. She notes, "If you don't have some sort of ongoing relationship with a security partner, you're not going to have one until you need it. And by the time you need it, it's too late."

--- Birb

Additionally, Birb highlights the necessity for DeFi protocols to learn from past hacks and ensure their systems are not vulnerable to similar attacks 1 2.

   

User Safety

For individual users, avoiding scams and phishing attacks in the crypto space requires vigilance and practical safety measures. Birb advises users to be cautious with airdrop links and to verify their legitimacy through community channels like Discord. She warns, "As soon as anyone says airdrop, click this link. My alarm is, like, flashing, right? Because it's the thing everyone's doing now."

--- Birb

Furthermore, Birb stresses the importance of checking URLs before clicking and understanding transactions before signing them to prevent unauthorized access and losses 3 4.