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

Summary

The debut episode of CoinDesk's The Policy Protocol discusses Schwab opening crypto to 38 million brokerage accounts and the Kelp DAO hack attributed to North Korea. Guest Ari Redbord from TRM Labs argues for offensive measures against North Korean hackers and cracking down on non-compliant offshore exchanges. The show also covers a potential Supreme Court case on prediction markets.

• Schwab now offers crypto trading to nearly 40 million brokerage accounts.
• The Kelp DAO hack exploited a bridge via LayerZero, likely by North Korea.
• Ari Redbord emphasizes using offensive cyber and diplomatic tools against North Korean hackers.
• Non-compliant offshore exchanges are identified as key off-ramps for stolen funds.
• Rebecca Rettig calls for regulatory clarity to keep innovation in the US.
• A Ninth Circuit panel appeared skeptical of prediction markets, creating a circuit split.
• The prediction market issue may reach the Supreme Court next year.
• The hosts discuss the need for better cybersecurity standards in DeFi.