Moneyneversleeps

You Can't Code Your Way Out | Amor Sexton, BlockdaemonIn the last few weeks, Drift and Kelp lost $577 million between them. Neither one was a code exploit. Both were operational and governance failures.Amor Sexton, Chief Operating Officer at Blockdaemon, was last on MoneyNeverSleeps in October 2022 (EP 193) talking about how institutional client expectations of resilient processes would drive blockchain adoption. Three and a half years later, the industry just got an extremely expensive lesson in exactly that thesis.In this episode, Pete and Amor get into:- Why "this isn't a hack, it's a governance failure" is the conversation the industry isn't having- How compliance is a subset of risk — and why DeFi keeps confusing the two- The Web2/human layer compromise that exploits a legitimate Web3 feature- Pluto on Castle Island: "Everything that TradFi has built in terms of circuit breakers, we're just speed running relearning those things in crypto"- The Kelp configuration was a known vulnerability — and 47% of ope