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Unchained

How State-Sponsored Hackers Like DPRK Drain DeFi Protocols: Uneasy Money

Unchained

Laura Shin

Business News, News, Tech News

4.61.3K Ratings

🗓️ 6 April 2026

⏱️ 77 minutes

🧾️ Download transcript

Summary

The Drift Protocol is down $285 million and Circle has the power to freeze the funds — but won’t. Kain, Taylor, and Luca explain why. Thank you to our sponsors! ⁠⁠⁠⁠⁠⁠⁠Fuse: The Energy Network ⁠⁠⁠⁠⁠⁠ – Shift your energy use and earn rewards. ⁠⁠⁠⁠⁠⁠⁠MultiChain Advisors -⁠⁠⁠⁠⁠⁠⁠ The Growth & Capital Markets Partner You Need The Drift Protocol hack was still unfolding when Kain, Taylor, and Luca went live. Within hours of a suspected admin key compromise, over $285 million had been drained across Solana, with Circle sitting on the ability to freeze the stolen USDC — and choosing not to.  Taylor Monahan, who was already in an active incident response room, walked through exactly how DPRK malware operates silently on devices for months before striking, why standard antivirus software won’t catch it, and what the Axios supply chain attack revealed about the vulnerability of open source infrastructure.  Then the conversation shifted to the Claude Code source leak — what it actually reveals about how the most sophisticated agentic coding harness in the world was built, and why Kain thinks a new Anthropic model may be days away. Hosts: ⁠⁠⁠⁠⁠⁠⁠Kain Warwick⁠⁠⁠⁠⁠⁠⁠, Founder of Infinex and Synthetix ⁠⁠⁠⁠⁠⁠⁠Taylor Monahan⁠⁠⁠⁠⁠⁠⁠, Security Expert ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Luca Netz⁠⁠⁠⁠, CEO of Pudgy Penguins Links Unchained: Drift Protocol Coverage — Search unchainedcrypto.com for current coverage Related: SEAL 911 — Volunteer crypto incident response group Drift Protocol Axios npm package — Supply chain attack vector discussed CrowdStrike EDR — Recommended endpoint detection tool Claude Code — Subject of source leak discussion Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi everyone. I'm Gain Warwick and welcome to Uneasy Money because what happens on chain never stays on chain.

0:04.3

Before we start, nothing you hear on UnEasyMoney is financial advice. We're just three builders talking about what's happening on chain,

0:10.2

and we want you to always do your own research before aping it. You can find all our disclosures at Unchaincrypto.com slash uneasy money.

0:17.8

And before we begin, here is a word from the sponsors that make the show possible. of Europe's fastest growing energy startups. Follow at Fuse Energy on X to find out more.

0:41.5

Multi-Chain Advisors is an emerging technology growth firm that has helped create 50-plus billion

0:47.2

in enterprise value for 80-plus clients over the past four years. They're the partner to help

0:53.4

navigate markets.

0:55.0

Build real traction today at multi-chain ADV.com.

1:00.0

All right, I'm here with my co-host, Taylor Monaghan, security expert and

1:05.0

Luca Nett's dog enjoyer.

1:08.0

We are, yeah, we've got some wild stuff to talk about today. I think the first thing

1:17.1

that we need to jump straight into basically is Drift Protocol Hack. It's sitting at 250 million plus right now.

1:28.3

Is that right, Tay?

1:30.3

Yeah, yep.

1:32.3

It's a lot of money.

1:33.3

It's a lot of money.

1:35.3

So Tay and I were talking about this before we started, and I was like,

1:41.3

it's not really a post-mortem yet. It's like an active mortum or like a something. So we don't know

1:50.9

that much, I guess, about exactly what has happened here. So just probably leading with like,

2:01.2

there's a lot of speculation,

2:02.9

a lot of uncertainty,

2:04.3

because this is like a couple hours old.

...

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