Michael interviews Ian Wallis, who has extensive experience in blockchain security and compliance. They discuss Ian's background, the compliance requirements for Layer 2 blockchains, and the balance between decentralization and compliance. Ian shares insights on the security measures implemented in the Linea ecosystem and MetaMask, as well as the challenges faced in Web3 security. The conversation also touches on the evolving threat landscape, the importance of user experience, and the role of regulation in the DeFi space. Takeaways - Compliance requirements for L2 blockchains often come from partners. - Balancing decentralization with compliance is a significant challenge. - Security measures in the Linea ecosystem focus on best practices. - MetaMask employs various security features to protect users. - Phishing and wallet draining are major concerns in Web3. - The threat landscape is continuously evolving with new techniques. - User experience is crucial for the adoption of Web3 technologies. - Regulation in DeFi is complex and requires collaboration with regulators. - Creating a safer environment for users is a priority for both Linea and MetaMask. (03:20) Ian's Journey in Web3 and Business Development (05:39) Compliance Requirements for L2 Blockchains (08:23) Balancing Security and Decentralization (11:08) Security Practices in the Linea Ecosystem (13:37) Challenges in Web3 Security (16:31) The Evolving Threat Landscape in Web3 (18:57) MetaMask Security Measures (21:35) User Education and Protection Strategies (24:21) The Future of Wallet Security (27:06) Regulatory Perspectives on Web3 (29:43) Conclusion and Future Outlook The Podcast is sponsored by CyVers - the leader in Web3 security, leveraging AI-driven technology to help industry leaders like 21Shares and ConsenSys prevent hacks, scams, and compliance challenges. CyVers’s solutions provide pre-emptive protection against malicious activity across the Web3 space. Learn more at: ⁠⁠⁠CyVers.ai⁠⁠⁠ ⁠⁠⁠Book a call⁠⁠