The Lazarus Heist, Series 2: Special: The biggest heist yet
Show notes
$1.5 billion disappears in minutes. But what follows reveals North Korea’s expanding reach — from elite hackers to soldiers on the battlefield.
The audacious attack was on the ByBit crypto exchange in February 2025. Investigators say North Korean hackers the Lazarus Group are responsible – the biggest heist in the history of crypto. With our hosts Jean Lee and Geoff White, we uncover how they pulled it off.
But as Pyongyang’s cyber army is striking targets all over the world, North Korean soldiers have also been fighting on more traditional battlegrounds – siding with Russia in its war on Ukraine. We meet the South Korean correspondent who secured a world-exclusive interview with a North Korean POW.
Does this all signify a turning point for North Korean leader Kim Jong-un, as his cyber operatives pull off increasingly daring heists and his military gain real-world combat experience fighting with the Russians against Ukraine? As Kim continues to ally with Vladimir Putin — a leader whose country possesses exactly the kind of nuclear expertise North Korea has long sought – is he more dangerous than ever?
Meanwhile North Korea says it has nothing to do with the cybercrimes the Lazarus Group is accused of, saying the United States is making these allegations to try and tarnish its image.
Our story is about more than money. It’s about where it goes, what it buys, and who’s fighting in the shadows.