Risky Business #781 -- How Bybit oopsied $1.4bn

Risky Biz

On this week’s show Patrick Gray and Adam Boileau discuss the week’s cybersecurity news:

• North Korea pulls off a 1.5 billion dollar crypto heist
• Apple pulls Advanced Data Protection from the UK
• Black Basta ransomware gang’s internal chats leak
• Russians snoop on Signal with QR codes
• And Myanmar ships thousands of freed scam compound workers to Thailand

Regular guest Lina Lau joins to discuss her work reading Chinese incident response reports on WeChat, and how that has people thinking that … she outed the NSA?

This week’s episode is sponsored by Airlock Digital, and allow-listing tragics Daniel Schell and David Cottingham are along with an amusing tale of using Windows’ own allow-listing software to block EDR from loading.

This episode is also available on Youtube.

Show notes

• Hackers drained $1.4 billion of cryptocurrency from Bybit exchange, CEO confirms | The Record from Recorded Future News
• CertiK - Bybit Incident Technical Analysis
• Hackers use ‘sophisticated’ macOS malware to steal cryptocurrency, Microsoft says | The Record from Recorded Future News
• EU sanctions North Korean tied to Lazarus group over involvement in Ukraine war | The Record from Recorded Future News
• Sanctions: Iranians Flock to Crypto; Int'l Actions Target Russia - Chainalysis
• Apple turns off iCloud encryption feature in UK following reported government legal order | The Record from Recorded Future News
• Swedish authorities seek backdoor to encrypted messaging apps | The Record from Recorded Future News
• Leaked chat logs expose inner workings of secretive ransomware group - Ars Technica
• Russian state hackers spy on Ukrainian military through Signal app | The Record from Recorded Future News
• Meta Sues Alleged Violent Extortionist For Holding Instagram Accounts Hostage
• Weathering the storm: In the midst of a Typhoon
• Thailand to take in 7,000 rescued from illegal cyber scam hubs in Myanmar | The Record from Recorded Future News
• Genea confirms cyber breach after ‘unauthorised third party’ accesses data | news.com.au — Australia’s leading news site
• Managed healthcare defense contractor to pay $11 million over alleged cyber failings | The Record from Recorded Future News
• Botnet looks for quiet ways to try stolen logins in Microsoft 365 environments | The Record from Recorded Future News
• Director-General's Annual Threat Assessment 2025 | ASIO
• An inside look at NSA (Equation Group) TTPs from China’s lense