Victor Ugochukwu · Oct 27, 2020 . 6min read
VC Firm Paradigm hires crypto white hat hacker Samczsun
Prominent white hat hacker Samczsun is leaving security company Trail of Bits to serve the crypto fund Paradigm, as a research partner.
By Komal Joshi · Oct 10, 2020 . 6min read
Reputed white hat crypto hacker Samczsun is joining the investment firm Paradigm Fund as a research partner. VC firm Paradigm hires Samczsun, adding him to its high profile employee list. Samczsun brings his experiences and skills to the investment firm while rescuing over millions of dollars worth of crypto thefts. According to a blog post, Samczsun’s Paradigm duties will now involve evaluating potential portfolio companies’ safety and security while supporting the prevailing ones.
Thanks to @dguido and @trailofbits for an amazing summer and the opportunity to work with some of the best security engineers out there. Moving forward, I’ll be joining @paradigm to work alongside @matthuang, @FEhrsam, and the rest of the team.Samczsun on Twitter
In September 2020, Samczsun emancipated approximately $10 million in ETH from being stolen. The co-founder and managing partner of Paradigm, Matt Huang, says that Samczsun would bring his security and audit expertise to the portfolio. The portfolio comprises famous crypto players like wallet Argent, DEX Uniswap, censorship-resistant Keep Network, and decentralized storage platform Sia.
Samczsun holds expertise in discovering bugs in DeFi space.
The pseudonymous hacker is very well-known in the crypto space for identifying bugs in the DeFi landscape. Meanwhile, in a September hack, Samczsun placed over 25,000 ETH (then worth $9.6 million) resting in a defenceless smart contract from Defi Project Lien Finance.
Comprehending that the money might get robbed, Samczsun and associates relocated the capital securely while not attracting any attention to bots that might utilize the smart contract. In 2019, Samczsun revealed vital security vulnerabilities in the 0x v2 Exchange and the Livepeer protocol.
Samczsun is among the Paradigm’s high profile employing a list.
Samczsun is another high profile hire for Paradigm. In July, the venture capital firm hired former Acting General Counsel of the US Department of Homeland Security, Gus Coldebella as its general counsel. He was earlier a chief legal officer for Circle. Thus, Coldebella brings his government experience within the crypto space. Circle issues the USD Coin stablecoin along with Coinbase.
Earlier, Paradigm announced that it would fund Bitcoin Core development. Matt Huang, the co-founder of Paradigm, announced that his firm would support the work of Australian developer Anthony Towns. Anthony Towns has been operating on Bitcoin Core since 2017. He was a part of the Schnoor and Taproot upgrades.
Follow Cryptodose for more updates.
Victor Ugochukwu · Oct 26, 2020 . 5min read