Crypto derivatives exchange Bybit just became the latest victim of North Korea’s elite hacking unit, the Lazarus Group. They didn’t brute-force their way in. They didn’t exploit some obscure vulnerability. Instead, they tricked a trusted developer, slipped in malicious code, and took off with a fortune.How did this happen? Why was $1.5 billion sitting in a single wallet? What mistakes did Bybit and Safe make? And, more importantly, what needs to change to stop this from happening again?This week, Mudit Gupta, chief information security officer at Polygon, joins Unchained to expose the security failures, the sophisticated tactics Lazarus used, and why crypto still hasn’t learned its lesson.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!MantleGuestMudit Gupta, Chief Information Security Officer at PolygonLinksRecent coverage of Unchained on the Bybit hack:North Korean Hackers Are Winning. Is the Crypto Industry Ready to Stop Them?The Chopping Block: Crypto’s Worst Week? Bybit Hack, Libra Scandal, & The Memecoin ReckoningBits + Bips: Markets Are Down Bad. When Will Crypto Recover?Unchained: Bybit Flows Return to ‘Normal’ After Biggest-Ever Crypto HackBybit Hack Forensics Report "Safe{Wallet} Statement on Targeted Attack on Bybit " Learn more about your ad choices. Visit megaphone.fm/adchoices