Skip to content

Licensed to Shill: Banks Aren't Here for Blockchain – Their Infrastructure Is Just Broken (Jeff Ko, CoinEx)

CoinEx's Jeff Ko joins the Licensed to Shill panel to discuss the current state of crypto, institutional adoption, cybersecurity, and infrastructural challenges.

Table of Contents

Most conversations in crypto focus on innovation and future trends – what if the real game-changers are the infrastructural blind spots we keep overlooking? In this episode, Jeff Koh, the "Chief Chill Guy" from CoinEX, pulls back the curtain on the industry's hidden vulnerabilities, from massive DeFi hacks to the challenge of cybersecurity in a rapidly evolving landscape.

Jeff, who started in private banking and now oversees research, investment, and product development at CoinEX, shares eye-opening insights on recent hacks like the Aave liquidity crisis and how institutional players are actually leveraging blockchain today, not just talking about it. You'll discover how major hacks happen not through smart contract bugs, but through collateral failure and social engineering—problems that are often more systemic than technical. We break down the surprising parallels between Web2 and Web3, and why solving infrastructural issues is a prerequisite for sustainable growth.

The panel navigates the pressing questions: Are institutions truly adopting crypto rails for stablecoins and settlement? How do industry leaders view the threats of scams, hacks, and frauds in a world dominated by AI and blockchain? Jeff emphasizes that the industry is still in a "stress test" phase—building trust through infrastructure, not just hype. And, most critically, he explains why fixing these underlying issues is the key to unlocking real mainstream adoption and resilience.

If you enjoyed this episode, please like and subscribe to Blockcast on your favorite podcast platforms like Spotify and Apple.

Blockcast is hosted by Head of APAC at Ledger, Takatoshi Shibayama. Previous episodes of Blockcast can be found here, with guests like Fredrick Gregaard (Cardano Foundation), Daren Guo (Reap), Yat Siu (Animoca Brands), Kean Gilbert (Lido), Joey Isaacson (Nook), Kapil Dhiman (Quranium) Eric van Miltenburg (Ripple), Davide Menegaldo (Neon EVM), Anastasia Plotnikova (Fideum), Jeremy Tan (Singapore parliament candidate), Hassan Ahmed (Coinbase) and more on our recent shows.

Latest