Episode
119: Hot Wallets
59:32
Published: Tue Jun 14 2022
Description
In this episode we interview journalist Geoff White to discuss some of the recent crypto currency heists that have been happening. Geoff has been tracking a certain group of thieves for some time and shares his knowledge of what he’s found. Much of what we talk about in this episode has been published in Geoff’s new book The Lazarus Heist: From Hollywood to High Finance: Inside North Korea’s Global Cyber War (https://amzn.to/3mKf1qB). Sponsors Support for this show comes from Axonius. Securing assets — whether managed, unmanaged, ephemeral, or in the cloud — is a tricky task. The Axonius Cybersecurity Asset Management Platform correlates asset data from existing solutions to provide an always up-to-date inventory, uncover gaps, and automate action. Axonius gives IT and security teams the confidence to control complexity by mitigating threats, navigating risk, decreasing incidents, and informing business-level strategy — all while eliminating manual, repetitive tasks. axonius.com/darknet Support for this show comes from Thinkst Canary. Their canaries attract malicious actors in your network and then send you an alert if someone tries to access them. Great early warning system for knowing when someone is snooping around where they shouldn’t be. Check them out at https://canary.tools. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Chapters
As the largest robberies are done over computers, the future of heist movies might be centered around cryptocurrency heists and NFT scams.
00:00 - 01:16 (01:16)
Summary
As the largest robberies are done over computers, the future of heist movies might be centered around cryptocurrency heists and NFT scams. These are true stories from the dark side of the internet.
Episode119: Hot Wallets
PodcastDarknet Diaries
North Korea's hacking groups have been linked to growing numbers of cybercrime and money laundering plots.
01:16 - 13:33 (12:16)
Summary
North Korea's hacking groups have been linked to growing numbers of cybercrime and money laundering plots. You could see, especially after the havoc caused by WannaCry, how the ransom payments in Bitcoin were gathered together and eventually disappearing into one cryptocurrency exchange, never to be seen or at least never to be traced again.
Episode119: Hot Wallets
PodcastDarknet Diaries
Hackers used fake IDs to set up accounts on a cryptocurrency exchange, washing over $230 million through it.
13:33 - 20:59 (07:25)
Summary
Hackers used fake IDs to set up accounts on a cryptocurrency exchange, washing over $230 million through it. FBI attempted to track the ID of the customers who set up the accounts but it turned out to be a made-up identification to target a specific individual.
Episode119: Hot Wallets
PodcastDarknet Diaries
North Korea transfers all their stolen cryptocurrency to a new wallet and sends small amounts to exchanges to get it cashed out before it can be flagged as stolen and laundered.
20:59 - 29:43 (08:44)
Summary
North Korea transfers all their stolen cryptocurrency to a new wallet and sends small amounts to exchanges to get it cashed out before it can be flagged as stolen and laundered. Recent investigations on cryptocurrency make it harder for hackers to cover up stolen cryptocurrency as all eyes are on those hot wallets.
Episode119: Hot Wallets
PodcastDarknet Diaries
North Korea may be attempting to launch their own exit scam through the use of Aztec Protocol, a network used for moving money around through cryptocurrency.
29:43 - 37:50 (08:07)
Summary
North Korea may be attempting to launch their own exit scam through the use of Aztec Protocol, a network used for moving money around through cryptocurrency. By launching what appears to be a legitimate company, they have potentially aimed to pull the rug out from under investors and take control of their money.
Episode119: Hot Wallets
PodcastDarknet Diaries
The interviewer describes a strange encounter with a potential blockchain developer job candidate who appeared to be avoiding direct questions and repeating buzzwords instead.
37:50 - 44:46 (06:55)
Summary
The interviewer describes a strange encounter with a potential blockchain developer job candidate who appeared to be avoiding direct questions and repeating buzzwords instead.
Episode119: Hot Wallets
PodcastDarknet Diaries
Hackers were able to steal $500 million worth of crypto, making it the largest heist ever reported for a single event.
44:46 - 52:39 (07:52)
Summary
Hackers were able to steal $500 million worth of crypto, making it the largest heist ever reported for a single event. As crypto assets become a target for hackers, the need for increased security measures grows.
Episode119: Hot Wallets
PodcastDarknet Diaries
North Korea employs various illegal methods to earn money, including drug smuggling and counterfeiting, which result in the country holding a significant amount of hidden wealth, despite sanctions.
52:39 - 57:31 (04:52)
Summary
North Korea employs various illegal methods to earn money, including drug smuggling and counterfeiting, which result in the country holding a significant amount of hidden wealth, despite sanctions. This wealth could potentially be used in diplomacy negotiations in exchange for amnesty.
Episode119: Hot Wallets
PodcastDarknet Diaries
In this episode, the host interviews Jeff John Roberts about his book, "The Lazarus Heist", which details the story of how North Korea was able to steal half a billion dollars worth of cryptocurrency.
57:33 - 59:20 (01:46)
Summary
In this episode, the host interviews Jeff John Roberts about his book, "The Lazarus Heist", which details the story of how North Korea was able to steal half a billion dollars worth of cryptocurrency. Categorized under Cybersecurity.