Unchained: Big Ideas From The Worlds Of Blockchain And Cryptocurrency

$1.5 billion gone in an instant. And what’s worse, to fund a nuclear weapons program. The largest crypto hack in history just hit Bybit, and the culprit is the infamous North Korean hacking group, Lazarus. Known for some of the most sophisticated cyber heists ever, they often use social engineering tactics and start by tricking low level employees. Although they can often wait to launder funds, in the case of Bybit they started right away. How did this happen? Could it have been prevented? And what does this mean for the security of the entire crypto industry? Taylor Monahan, security at MetaMask, and Jonty, a senior investigator at zeroShadow, talk all about it. Show highlights: 2:53 Taylor’s and Jonty’s backgrounds and why they are relevant to this discussion 6:06 What the mechanics of the hack were 13:03 How Lazarus usually operates and the tactic of blind signing 17:11 Jonty’s important tips for people handling large amounts of crypto 23:45 How Bybit was able to say almost immediately that their othe