50 / FTX, OpenSea backdoor
In episode 50, we delve into the sketchy background of FTX, the youth and savior complex of its founder, and the transparency of other exchanges in the market. We also uncover the potential backdoor in OpenSea Shared Storefront and how to decompile it.
Timeline
Badges
@fulldecent
William Entriken Stayed to end
@dtedesco1
Daniel Tedesco Stayed to end
@nfthypeman
??? Stayed to end
@itscuzzo
??? Stayed to end
@rungoodrussell
??? Stayed to end
@lil_kat002
??? Stayed to end
@EllieVoxel
??? Stayed to end
@yodude38
??? Stayed to end
Episode notes
Edit these notes…- FTX
- Domiciled in sketchy island
- Youth / savior complex
- What about other exchanges?
- Coinbase – US-based, NYSE-listed are signals of trust
- Kucoin – Officially in Vietnam, but actually Chinese?
- Rush to transparency theater?
- Whatever they do, it’s probably better than things were before
- In 2021 all the ads looked the same –
- Accredited investors doing ads or just random companies
- FTX: Don’t be like Larry
- Binance
- Started it all by selling (or saying to do so)
- https://twitter.com/cz_binance/status/1592044496174612482
- Set up a fund for distressed assets
- CZ gets a lot of upside from this
- Go to DEX’s instead? Could be more transparent
- Also lots of risk… price oracle discussion
- The OpenSea backdoor
- ***add the tweet and blog post links
- https://github.com/dtedesco1/opensea-shared-storefront-backdoor
- https://blog.phor.net/2022/11/04/Does-OpenSea-Shared-Storefront-have-a-backdoor.html
- Whenever you wanna look up what’s going on on Etherscan
- Inject & steal approach
- ***add the tweet and blog post links
- Process
- Find bytecode in etherscan
- Decompile with Ethereum Decompiler
- Paste in text editor that can print in color
- Print in color and steal your kid’s highlighter
- Read until your eyes bleed
- Easy one to decompile
- Tools to decompile: https://blog.phor.net/2022/11/04/Does-OpenSea-Shared-Storefront-have-a-backdoor.html