Rooz says Canton Network's permissioned design can curb North Korean-linked crypto hacks, as institutions push controls after Kelp DAO and Arbitrum exploits.Abstract: Digital Asset CEO Yuval Rooz argues that a permissioned Canton Network could help block state-linked hacking groups, addressing the rise of North Korean-linked crypto theft since 2017. He notes that major exploits, such as Kelp DAO's $290 million and Arbitrum's $71 million incident, have driven financial institutions to treat stronger access controls as a baseline safeguard against illicit risk.

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2026-05-04 02:15:07

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Digital Asset CEO Yuval Rooz said Canton Network’s permissioned design could help block state-linked hacking groups as North Korean-linked actors have stolen more than $6 billion in crypto since 2017. Rooz said large financial institutions now see those controls as a baseline requirement, amid debate after Kelp DAO’s $290 million exploit and Arbitrum’s freeze of $71 million left exposed by attackers.

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Yuval Rooz Says Canton’s Design Could Deter State-Linked Crypto Hackers

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