AI Cybersecurity Just Stole $500M AGAIN (What's Next?)

<p>Connect with Early Riders — https://www.earlyriders.com/contact</p><p>Connect with Onramp — https://onrampbitcoin.com/contact-us/</p><p><br></p><p>Presented collaboratively by Early Riders &amp; Onramp Media…</p><p>Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.</p><p><br></p><p>Michael, Liam, and Brian open the first ever Final Settlement live stream on the Liquid Network exploit that drained roughly 4,000 Bitcoin, about $320 million, after the attacker inflated the supply of LBTC and pegged out against reserves the sidechain did not have. They get into hot keys and federation quorums, why the base chain held while the layer above it did not, and where the real spectrum of risk sits between an early stage protocol and a bank. The middle of the show turns to Ben Carmen open sourcing Lightspark&#39;s lightning service provider, GPT-6 Astra and the AGI question, and Matt Pines and StarCloud on physical superintelligence. The back half is settlement plumbing: 21 banks including Bank of America, Citi and Goldman lining up behind a joint dollar stablecoin, why the collateral layer is the real prize, the SEC&#39;s proposed transfer agent overhaul, Circle buying Tazapay, and the rumor that ARK, BlackRock and Fidelity could trade tokenized funds through a transfer agent alone. They close on AMC&#39;s chief executive going after Robinhood over tokenized stock, and the meme coins now paired to it.</p><p><br></p><p>Chapters</p><p>00:00 - The first ever Final Settlement live stream</p><p>01:37 - 4,000 Bitcoin drained from the Liquid Network</p><p>04:21 - How the LBTC supply was inflated</p><p>06:11 - Hot keys, quorums, and why TradFi moves slowly</p><p>09:21 - The added risk of moving off the base chain</p><p>12:54 - A spectrum of risk, from Mt. Gox to open protocols</p><p>15:45 - Ben Carmen open sources Lightspark&#39;s LSP</p><p>18:56 - GPT-6 Astra, Claude 5.1, and the AGI question</p><p>22:27 - Matt Pines, StarCloud, and physical superintelligence</p><p>24:26 - 21 banks line up behind a joint stablecoin</p><p>25:24 - Why the collateral layer is the real prize</p><p>29:37 - Transfer agents, T+0, and who owns the ledger</p><p>37:16 - Felix Pago, Open Reserve, and Circle buying Tazapay</p><p>41:39 - The rumor: tokenized funds from ARK, BlackRock, Fidelity</p><p>45:49 - Pledging your ETF and the daisy chain risk</p><p>48:34 - AMC&#39;s CEO versus Robinhood on tokenized stock</p><p>52:54 - Meme coins paired to tokenized equity</p><p><br></p><p>If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly: https://www.earlyriders.com/research</p><p><br></p><p>Keep up with Michael:</p><p>https://x.com/MTanguma</p><p><br></p><p>Keep up with Liam:</p><p>https://x.com/Lnelson_21</p><p><br></p><p>Keep up with Brian:</p><p>https://x.com/BackslashBTC</p>