Edmond Lai

software engineer and builder👷🛠️

[Edmond Lai @EdKLai]

@NavyPier You could’ve reschedule it instead of firing off everything into the fog

[Edmond Lai @EdKLai]

@blog_formula1 You’ve normalized the car and the driver but not the track yet.

[Edmond Lai @EdKLai]

@ScrewderiaF1 Should be like, I didn’t send it to you

[Arbitrum @arbitrum]

The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications.

After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users.

As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.

[LayerZero @LayerZero_Core]

https://t.co/3vIHs3Xgs4

[LayerZero @LayerZero_Core]

We’re fully aware of the rsETH exploit and have been in active remediation with the @KelpDAO team since the incident and continue to monitor. All other applications remain safe.

We are still identifying the root cause alongside @_SEAL_Org and others. We will publish a complete post-mortem with @KelpDAO as soon as we have all information.

[Edmond Lai @EdKLai]

@aaronmflick You have to play marry go around to find your gate

[Edmond Lai @EdKLai]

@Henry_Reardan @Clear They closed the clear line?

[Resolv Labs @ResolvLabs]

Resolv has experienced an exploit that allowed the attackers to mint 50mn of unbacked USR.

The team has currently paused all the protocol functions to prevent further malicious actions and is actively working on recovery.

[Edmond Lai @EdKLai]

You can also accidentally lose 50mil by sending the tokens to another address, there’s only a confirm button stopping you from doing that also.

[Stani @StaniKulechov]

Earlier today, a user attempted to buy AAVE using $50M USDT through the Aave interface.

Given the unusually large size of the single order, the Aave interface, like most trading interfaces, warned the user about extraordinary slippage and required confirmation via a checkbox. The user confirmed the warning on their mobile device and proceeded with the swap, accepting the high slippage, which ultimately resulted in receiving only 324 AAVE in return.

The transaction could not be moved forward without the user explicitly accepting the risk through the confirmation checkbox.

The CoW Swap routers functioned as intended, and the integration followed standard industry practices. However, while the user was able to proceed with the swap, the final outcome was clearly far from optimal.

Events like this do occur in DeFi, but the scale of this transaction was significantly larger than what is typically seen in the space.

We sympathize with the user and will try to make a contact with the user and we will return $600K in fees collected from the transaction.

The key takeaway is that while DeFi should remain open and permissionless, allowing users to perform transactions freely, there are additional guardrails the industry can build to better protect users. Our team will be investigating ways to improve these safeguards going forward.

[Brian Armstrong @brian_armstrong]

Some of our best hires were totally unqualified on paper.

They always had the same qualities: entrepreneurial, high agency, smart, mission aligned, and they got shit done.

If you’re hiring, especially in early stages, seek out & bet on these people. Don’t over-index on resumes.

[Edmond Lai @EdKLai]

@trq212 @levelsio I don’t think the folks at Anthropic will have time to go back to nerf the models. Just like any startup, there are more important features and bug fixes to be done. Nerfing something is probably not even in the backlog

[Edmond Lai @EdKLai]

@saxenasaheb I totally agree. People assume a lot of things are comment sense, but it’s not. Everyone focus on different niches.

[Edmond Lai @EdKLai]

Great market and opportunity for @veda_labs in Hong Kong!

[Veda @veda_labs]

Consensus Hong Kong is coming up fast 🇭🇰🌏

Next week, Veda CEO @sunandr_ will be speaking onstage @consensus_hk, sharing insights on DeFi, vaults, and enterprise crypto:

[Edmond Lai @EdKLai]

@veda_labs @sunandr_ @consensus_hk Love to hear more about how crypto, vaults and Hong Kong aligns

[Edmond Lai @EdKLai]

Hong Kong is in a unique position to lead the adaptation for stablecoin in Asia. Let’s see how this policy will work out.

[Cointelegraph @Cointelegraph]

🇭🇰 JUST IN: Hong Kong Monetary Authority plans to issue first stablecoin licenses in March, with only a limited number expected initially.

[matt @cyphera1n]

it’s the year of the (Veda) Vault

[Edmond Lai @EdKLai]

Okay this is actually really exciting. @veda_labs vault integrating with @krakenfx is a big deal - finally getting proper solutions that don't feel clunky.

[Veda @veda_labs]

Meet Kraken DeFi Earn,
Powered by Veda.

[Claude @claudeai]

Claude Cowork is now available to Pro subscribers.

[Edmond Lai @EdKLai]

@jacobinfante24 This feels like 2005 Whitesox runs, let’s do it.