Nicholas Percoco on Defending the Crypto Honeypot

Mr Obnoxious - Un pódcast de Peter McCormack

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IInterview Location: Chicago
Interview Date: Thursday 11th, July
Company: Kraken
Role: Chief Security Officer

Exchange hacks have been a constant thorn in the side of the industry. Where a physical bank robbery of $millions will make headline news, a +$100m exchange hack will barely break out of the crypto news media. Exchange hacks are now so commonplace that a recent report from Ledger’s CEO Eric Larcheveque found that the equivalent of $2.7 million a day was stolen from exchanges last year.

Almost every major exchange has experienced a hack of some kind, from Mt. Gox to Poloniex to Bitfinex, and more recently Binance and Cryptopia, the list goes on and on.

As such, security is one of the biggest challenges faced by any exchange, and there are very few that haven’t suffered from a breach, one that has managed to remain unscathed is Kraken. With attacks becoming more sophisticated and hackers working 24/7 to find vulnerabilities how is that Kraken has managed to succeed where so many others failed?

The man in charge of this roll at Kraken is Nicholas Percoco, their Chief Security Officer. In this interview, we discuss:
- Ethical hacking
- Finding critical vulnerabilities in iOS
- Vulnerability brokers
- Kraken’s company-wide security culture
- The difficulties in disclosing vulnerabilities
- Kraken Security Labs

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Connect with Nicholas:
- On Twitter
- On LinkedIn

Connect with Kraken:
- On Twitter
- On LinkedIn
- On Crunchbase
- Their Website

Mentioned in the interview:
- Thotcon
- The Launch of Kraken Security Labs
- Donald Trump’s Bitcoin Tweet
- Eric Larcheveque on Exchange Hacks
- Wargames
- Penetration Testing
- WyoHackathon

Other relevant WBD podcasts:
- WBD128: Juthica Chou on The First Physically Settled Bitcoin Futures
- WBD112: Phil Potter on Bitfinex and Tether
- WBD088: Matthew Hougan from Bitwise on Why 95% of Reported Bitcoin Trade Volume is Fake
- WBD087: Erik Voorhees on Maximalism, KYC & Shoddy Reporting
- WBD076: Mark Karpelès on the Collapse of Mt. Gox
- WBD058: Trace Mayer on Why You Must Own Your Bitcoin Private Keys
- WBD050: The SEC's Hester Peirce on Regulating Cryptocurrencies
- WBD048: Jesse Powell is Building a Culture of Crypto Values at Kraken
- WBD022: Erik Voorhees on Shapeshift User Accounts and the Problem with ICOs

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