Show notes
$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:Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.comThank you to our sponsors!MantleBitwiseGuests:Taylor Monahan, Security at MetaMaskJonty, a senior investigator at zeroShadowLinksPrevious coverage on Unchained about North Korean hackers:How North Koreans Infiltrated the Crypto Industry to Fund the RegimeWhy North Korea Is Interested in CryptocurrencyYeonmi Park on Why Doing Business With North Korea Is Like Buying a Ticket to a Concentration CampGitHub - pcaversaccio/safe-tx-hashes-util: bash script that checks that the Safe transaction that you are signing is the one that you intend to signCointelegraph: Crypto exchange eXch denies laundering Bybit’s hacked funds Learn more about your ad choices. Visit megaphone.fm/adchoices