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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
Their groups, their hacking groups are hunting and stalking high value targets.
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
So again, 76% of the value from two targets, they were hunting the drift protocol for months.
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
Can we talk about
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
the means that they went through in order to pick out the drift protocol.
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
It seems like North Korea is hunting and assassinating almost individual high-value targets in a very methodical, sophisticated way.
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
Tell us about this case.
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
That's what's so unnerving about this case, actually, is because many of the people listening, many people in crypto, they go to conferences, they think they know people in the crypto space in real life.
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
And you wrote this, this was a line from Coindesk, North Korean proxy sitting across a table from protocol employees over a period of months.
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
We're talking about the drift hack.
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
That is, to my knowledge, unprecedented.
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
So they met some of the drift team members at conferences, a
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
So, okay, so they met.
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
I just can't get over meeting them in person because I always think of kind of North Korea, Lazarus Group as just their offshore, the actual shadowy super coders out there.
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
They don't manifest in real life.
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
But you're saying they were hiring proxies?
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
I guess, paid actors, individuals who didn't seem like they were from North Korea, maybe seemed westernized in some way.
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
Can you talk about how the social engineering actually led to one of the largest hacks, I think the largest hack on Solana in the drift case?
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
So what were the further details there in that story?
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
So this turned into a hack of $285 million, I believe.
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Why North Korea Is Winning Crypto Crime and How to Fight Back | Ari Redbord, TRM Labs
And this was a drain that lasted just for 12 minutes and then it was kind of over.