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Smashing Security
The $230 million crypto handbag heist, and misinformation on social media
Sep 26, 2024
Two bumbling criminals steal $230 million in cryptocurrency, yet they make the rookie mistake of flaunting their spoils with extravagant handbags. The hosts dive into the absurdity of their antics while exposing the challenges of misinformation in our online lives. Social media's role in shaping news and the struggle to disconnect from devices are humorously examined. They also share insights on navigating technology, the allure of viral content, and even their newfound love for the classic card game, Cribbage.
35:36
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Quick takeaways
- The two accused hackers stole $230 million from a single cryptocurrency wallet by impersonating trusted entities and exploiting vulnerabilities.
- Their arrest was hastened by their reckless behavior of documenting the heist and excessively flaunting their wealth through lavish spending.
Deep dives
Massive Cryptocurrency Heist
A significant cryptocurrency heist involving two young perpetrators has come to light, with allegations of stealing approximately $230 million in digital assets. The accused, Malone Lamb and Diehl Serrano, are thought to have executed this sophisticated operation in just one month. What stands out is the sheer scale of the theft, as it was reportedly directed at a single victim, leading to substantial financial loss. The investigation into this case was facilitated by the expertise of crypto investigator Zach XBT, known for his work in tracking down stolen funds and identifying those behind such cyber crimes.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode