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CoinDesk Podcast Network

Schwab Brings Crypto to 38M Users; North Korea 'Simply' to Blame for Recent DeFi Hacks

CoinDesk Podcast Network

CoinDesk

Tech News, Business News, Daily News, News

4.7698 Ratings

🗓️ 24 April 2026

⏱️ 15 minutes

🧾️ Download transcript

Summary

On this debut episode of CoinDesk's new show The Policy Protocol, co-hosts Renato Mariotti and Rebecca Rettig break down Schwab's rollout of crypto to nearly 40 million brokerage accounts and the Kelp DAO hack tied to North Korea. Ari Redbord, Global Head of Policy at TRM Labs, joins to make the case for going on offense against DPRK hackers and cracking down on non-compliant offshore exchanges. - Timecodes: 00:29 Welcome to The Policy Protocol 00:56 Schwab Opens Crypto to 38M Brokerage Accounts 02:51 Aave and Kelp DAO Hack: Another DPRK Exploit 05:40 Ari Redbord of TRM Labs Joins 05:57 Going on Offense Against North Korean Hackers 06:58 Is DeFi Failing, or Are Bridges the Weak Link? 08:38 Did Aave Vet Assets Closely Enough? 11:37 Best Practices for DeFi 12:53 Person of the Week: Ninth Circuit Court of Appeals 14:02 Prediction Markets Headed to the Supreme Court? - This episode was hosted by Jennifer Sanasie.

Transcript

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0:00.0

When I really think about who's to blame for this, it's simply North Korea.

0:04.0

And I think to myself, all right, what are the things we can do from a national security perspective, right, to go after these hackers?

0:11.7

And in part, you know, I think the playbook is there.

0:14.8

We combine offensive cyber with also building those defenses.

0:19.7

We leverage every diplomatic tool we possibly have.

0:29.2

Welcome to the policy protocol, a brand new show from CoinDess that gives you a bite-size

0:35.3

overview of all the happenings in crypto law and policy from the

0:39.1

past week. This is your espresso shot of everything you need to know to be in the know.

0:46.2

I'm Renato Marietti. I'm here with my co-host, Rebecca Reddick, C-O-O and CLO of Gito Labs.

0:52.9

And let's get right to our hot topic of the week. It is remarkable,

0:57.9

Rebecca. What happened this week with Schwab Crypto? I mean, I can't believe that we now have

1:04.3

videos coming out from Schwab talking to their customers about Bitcoin as a potential investment.

1:11.7

It is really amazing.

1:13.7

And, you know, one of the things we've talked about a lot in crypto is we want to bring

1:17.3

millions on chain.

1:18.8

And the one entity that is seemingly doing it, and I'll give some stats about Schwab's

1:24.0

customers, is a Tradfye player.

1:26.2

So Schwab has, I think, 38 and a half, it's been reported,

1:30.3

38 and a half million active brokerage accounts. It has total client assets of like almost

1:38.4

$12 trillion in there. They have banking accounts. They have all sorts of types of customers who do all sorts

1:46.6

of types of things with their assets. And so that this is available to nearly 40 million

1:52.5

brokerage accounts. I mean, numbers should go up. But that the price action aside, I really think

...

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