North Korean Hackers Are Winning. Is the Crypto Industry Ready to Stop Them? - Ep. 789

North Korean Hackers Are Winning. Is the Crypto Industry Ready to Stop Them? - Ep. 789 – Unchained

Market views

Bullish

CRYPTOSEC— There's a critical need for improved security measures in the crypto industry due to the high value of assets and increasing threats. Companies should prioritize implementing robust security controls on internal systems, employees, and devices.
RAILGUN— Railgun has implemented innovative security measures, including 'private proofs of innocence', in response to a previous incident involving North Korean hackers. This proactive approach to security sets a positive example in the industry.

Bearish

CEFI— Crypto exchanges and companies are particularly vulnerable due to a mismatch between their substantial Total Value Locked (TVL) and inadequate security measures. This systemic issue in the industry makes them attractive targets for hackers.
THORCHAIN— Thorchain has been implicated in the laundering of over $100 million stolen funds from the Bybit hack. The majority of recent Thorchain volume moving from ETH to Bitcoin is related to this hack, indicating significant involvement in illicit activities.

Not investment advice.