Ogle, the co-founder of Glue and a globally recognized cybersecurity expert, joined the Cryptonews Spotlight podcast to share his experiences recovering stolen crypto funds, the evolution of blockchain security threats, and the innovative vision behind Glue.
Recovering Over $500 Million in Stolen Funds
Ogle has helped recover over $500 million in stolen cryptocurrencies from high-profile hacks. While proud of these recoveries, he views the scale of theft as a sign of ongoing vulnerabilities in the crypto space.
“It’s now over half a billion dollars on the recovery side… It’s a Wild West still.”
Art of On-Chain Negotiation
Ogle detailed his unique hacker negotiation strategy, emphasizing empathy and persuasion. He often convinces hackers to return stolen funds by framing his approach around second chances and moral responsibility.
“If I come to negotiations believing they’re not evil people, it helps a lot.”
Common Mistakes Hackers Make
Hackers often make basic mistakes, from poor obfuscation techniques to leaving breadcrumbs in their Web2 activities. Ogle and his team exploit these errors to track funds and identify perpetrators.
“Most of these guys are kids. They don’t know security from the base level,” he admits.
Dealing with Sophisticated Groups Like Lazarus
Ogle noticed the North Korean Lazarus Group for their exceptional technical and social engineering skills.
“Lazarus is so good… They’re not just technically good but also very socially good.”
He detailed their methods, often involving infiltrating organizations through fake LinkedIn profiles and advanced phishing attacks.
Advice for Crypto Users on Security
Ogle shared tips for safeguarding crypto assets. He stressed the importance of using dedicated hardware and avoiding risky behaviors like accessing crypto wallets on shared or personal devices.
“Separate all of your crypto stuff to a separate laptop… Nothing else touches it.”
What is Glue
“Glue is designed to make crypto accessible, safe, and simple for everyday users,” says Ogle.
Glue is a blockchain ecosystem combining a Layer-1 network with Layer-2 solutions tailored for finance, gaming, and payments. It simplifies user onboarding and provides access to every token on every chain, all within a decentralized framework.
Fixing the Blockchain Trilemma
Glue addresses the blockchain trilemma by creating a communication-focused L1 and specialized L2s for different purposes (speed, security, and cost-efficiency), allowing developers to tailor their applications.
“We built an L1 that only does communications between the L2s… The L2s are use-case specific.”
Making Crypto Simple for Retail Users
According to Ogle, Glue eliminates the complexity of crypto for retail users, offering a seamless experience that doesn’t require technical knowledge or a deep understanding of blockchain.
“You don’t need to know what decentralization is… You just log in with Google or Facebook.”
Glue’s Innovative Security Features
Glue enhances security through optional multisignature transactions, customizable spending limits, and real-time alerts for suspicious activities. Ogle believes it empowers users to protect their assets proactively.
“Every transaction has the option of having multisig by default.”
Glue Security Fund
Glue’s security fund, funded through transaction fees, is dedicated to tracking down hackers and recovering stolen funds. Ogle’s expertise and commitment make this initiative a strong deterrent against theft.
“We will spend $100,000 chasing down someone who steals $10,000—guaranteed,” he reassures.
Building a User-Friendly Ecosystem
“We made it very safe, very secure, very simple for everyday folks to come online,” says Ogle.
Glue’s design prioritizes accessibility and safety, allowing anyone to interact with crypto seamlessly while benefiting from robust security features.
Onboarding Without Friction
“Onboarding takes single-digit minutes instead of seven days,” according to Ogle.
Glue’s fast and intuitive onboarding process bypasses the lengthy KYC procedures of traditional exchanges while remaining compliant and user-friendly.
Encouraging Collaboration
Ogle invited the community to contribute ideas and feedback, emphasizing Glue’s openness to collaboration in shaping the future of crypto.
“If you have an idea that keeps people safer or makes crypto faster and simpler, we want to hear it,” says Ogle.
Closing Thoughts on Blockchain’s Future
“Crypto will only succeed if it’s accessible and secure for everyone,” Ogle believes.
Ogle ended the discussion by reaffirming Glue’s mission to make blockchain technology inclusive and resilient, bridging the gap between decentralized innovation and mainstream adoption.
The post Ogle, Co-founder of Glue, on The Evolution of Crypto Security Threats, the Future of Blockchain Security, and the Glue Blockchain | Ep. 404 appeared first on Cryptonews.
