Indexed Podcast

Today we're discussing the $1.5B Bybit hack and diving deep onchain.
 
 In this episode we're discussing:
  • Cryptos history of hacks
  • Exchange hack mechanics 
  • Solving hardware wallets/Safe UI
  • Multisig partners verification processes
  • Bybit outflows
  • Bybit comms response strategy
  • DeFi/Ethena impact
  • Oracle execution 
  • Bybit’s crisis response 
  • Tracing the hackers
  • Valuable insights from the hack
And much more—enjoy!
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 This is a developing news story, here are relevant links to updates:
  1. https://x.com/benbybit/status/1894768736084885929
  2. https://x.com/pcaversaccio/status/1894773709996724403
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Timestamps:
(00:00) Introduction
(05:51) Hack size comparisons
(07:53) Exchange hack mechanics 
(16:34) Solving hardware wallets/Safe UI
(20:45) Multisig partners verification processes
(22:55) Bybit outflows
(28:29) Bybit comms response strategy
(29:39) DeFi/Ethena impact
(36:03) Oracle execution 
(40:52) Bybit’s crisis response 
(42:27) Tracing the hackers
(48:50) Valuable insights from the hack
(50:01) Ethereum rollback? 
(56:57) ETH quick takes 
(58:57) Outro
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Follow the co-hosts:
https://x.com/hildobby_
https://x.com/0xBoxer
https://x.com/sui414

Follow the Indexed Podcast:
https://twitter.com/indexed_pod
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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby_ @0xBoxer @sui414.

Subscribe/follow the show and leave a comment to help us grow the show!
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DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

Creators and Guests

Host
Boxer
Wizard relations @DuneAnalytics. The data must flow.
Host
danning.eth⚡️🤖
financial nihilist. mev-thirsty. data @ Flashbots. host @indexed_pod. council @thelatestindefi. previously data @0xProject @ConsenSys.
Host
hildobby
data @dragonfly_xyz / host @indexed_pod

What is Indexed Podcast?

Hi! 👋 We are 3 data nerds here to chat trendy metrics, chart crimes in web3. We hope to bring you deep dive of the topics with data-driven insights, and bring more transparency to the crypto industry! Let us know your opinions under each episode, and the topics you'd like to hear from us!

Follow us on X!
Indexed: https://twitter.com/indexed_pod
Hildobby: https://twitter.com/hildobby_
Boxer: https://twitter.com/0xBoxer
Danning: https://twitter.com/sui414