

Bonus: The Lazarus Heist special
Sep 2, 2025
Ben Zhou, CEO and co-founder of Bybit, discusses the staggering $1.5 billion hack that targeted his cryptocurrency exchange. Alongside him is Chris Wong, a former FBI agent specializing in North Korean cybercrime, who delves into the Lazarus Group's sophisticated tactics. They explore the implications of this theft for global cybersecurity and the relationship between digital crime and North Korea's military ambitions. The episode also highlights the potential geopolitical fallout from North Korea's growing cyber warfare capabilities.
AI Snips
Chapters
Transcript
Episode notes
Nighttime Vault Transfer Gone Wrong
- Ben Zhou, Bybit's CEO, discovered 401,000 Ethereum missing during a late-night transfer and announced the hack live to users.
- The theft happened in two minutes and 26 seconds, nearly $10 million per second, shocking the crypto world.
Blockchain's Public Trail Reveals Moves
- Ethereum transactions leave a permanent public trail on the blockchain that anyone can inspect in real time.
- That transparency let investigators watch the theft unfold and begin to trace the funds immediately.
Interview With A North Korean POW
- South Korean journalist Chilwan Jung visited a North Korean POW named Ri in a Ukrainian prison after negotiating access.
- Ri described growing up in Pyongyang, his military service, and being sent to fight in Kursk.