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CertiK’s chief business officer, Jason Jiang, tells The Agenda that a lack of comprehensive regulation has made the fallout from the hack even worse.
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The February hack against Bybit sent ripples through the industry after $1.4 billion in Ether-related tokens was stolen from the centralized exchange, reportedly by the North Korean hacking collective Lazarus Group, in what was the most costly crypto theft ever.
The fallout from the hack has left many people wondering what went wrong, whether their own funds are safe, and what should be done to prevent such an event from happening again.
According to blockchain security company CertiK, the massive heist represented roughly 92% of all losses for February, which saw a nearly 1,500% increase in total lost crypto from January as a result of the incident.
On Episode 57 of Contelegraph’s The Agenda podcast, hosts Jonathan DeYoung and Ray Salmond speak with CertiK’s chief business officer, Jason Jiang, to break down how the Bybit hack happened, the fallout from the exploit, what users and exchanges can do to keep their crypto secure, and more.
This article first appeared at Cointelegraph.com News
