Fortunately (for niche podcasters such as ourselves), more detail has been published about just how the ByBit hack happened.
The story now turns to Safe{Wallet} - ByBit’s multisig wallet provider. After getting access to a developer’s laptop, Lazarus pivots through the cloud to put a transaction in front of ByBit. The cloud you say?!? AWS? S3? API tokens? Javascript?? We know these words! You’d be excused if you thought this was Web2 😏
The upshot though - it turns out, what you see isn’t always what you get.
Bonus - This episode kicks off with a discussion of a disputed market resolution on Kalshi, Polymarkets primary (non-crypto) competitor. Call your Grade 10 English teacher, because we’re about to Compare and Contrast. Is the grass greener? Maybe not, but don’t use that cliche in your essay.
