How State-Sponsored Hackers Like DPRK Drain DeFi Protocols: Uneasy Money
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Everyone, I'm Kane Warwick and welcome to Uneasy Money because what happens on chain never stays on chain. Before we start, nothing you hear on an easy money is financial advice. We're just three builders talking about what's happening on chain, and we want you to always do your own research before aping it. You can find all our disclosures at unchainedcrypto.com/uneasymoney. And before we begin, here is a word from the sponsors that make the show possible.
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All right, I'm here with my co host, Taylor Monahan, security expert and Luca Netz, dog enjoyer. We are, yeah. We're we've got some wild stuff to talk about today. I think the first thing that we need to jump straight into basically is Drift Protocol hack. It's sitting at 250,000,000 plus right now. Is that right, Tay?
Yeah. Yep. It's a lot of It's
a lot of money. So so Tay and I were talking about this before we started, and I was like, it's not really a post mortem yet. It's like a active mortem or like a, something. So, so we don't know that much, I guess, about exactly what has has happened here. So just probably leading with, there's a lot of speculation, a lot of uncertainty, because this is, like, a couple hours old. So we'll do our best to unpack it, but, yeah, again, this is all, like, somewhat somewhat in flight.
Hats usually this big. The guys just usually just take a 10% white hat fee. I mean, like, I don't know how you move $200,000,000 into a Well, unfortunately,
we we think that this probably rare. I think it's d DPRK. Right, Tay? Is that where we're at?
It's two hours old. I'm not. I can't attribute publicly like this. I'll say, I'll say this. I, the second I saw the stuff, I made a lot of calls to get the full set of indicators for recent DPRK stuff to see if we could get more insight. I think especially relevant and the thing that's top of mind is obviously the Axio attack happened yesterday. That was DPRK and that was specifically DPRK who is very crypto motivated. That entire supply chain attack was the goal is to steal crypto. So the timing feels sus. It feels like that would be very like that makes sense. But a lot of times with these t
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