Drift Hack Exposes Crypto’s Social Engineering Risk

Cap centers the conversation on the Drift exploit and the bigger trust problem it exposed across crypto, arguing that social engineering and weak multisig design can be just as dangerous as bad code. He questions how a two-of-five signer setup could protect hundreds of millions and uses the hack to frame a broader discussion around user safety, custody, and what it means when people suddenly cannot access funds. The show also touches on Circle’s uneven response speed and the federal charges tied to alleged crypto market manipulation, keeping the focus on accountability across the space. Earlier market talk sets the table with a Hyperliquid dip-buy thesis and a quick read on where attention may flow while traditional markets are closed.Subscribe:Coffee with Captain Newsletter: https://coffeewithcaptain.beehiiv.com/YouTube: https://www.youtube.com/@coffeewithcaptainshowFollow on X:Chris Jourdan: https://x.com/ChrisJourdanCoffee with Captain: https://x.com/coffeewithcap_This podcast is for entertainment purposes only. None of the information shared on this podcast is meant to be taken as financial advice. Chris and guest speakers may hold tokens discussedCheck Out:Doma: Tokenizing DomainsUnvault: Revolutionizing NFTsThe Everything Token: A Book on Web3 and NFTsSave money on your taxes easily with Awaken Tax: new users use code coffee50 or returners use returncoffee50For 10% off the Dominion 2026 conference, register with this link: Dominion 2026 coupon