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.

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Drift Hack Exposes Crypto’s Social Engineering Risk