(Presented by TLPBLACK: A cybersecurity intelligence platform focused on sharing curated, high-sensitivity threat insights and research with trusted security professionals.)

Three Buddy Problem - Episode 118: On the show this week, the buddies dig into the $6.34 billion Binance heist, the largest crypto hack ever, walking through its multi-chain laundering, the North Korea fingerprints, and whether offensive AI quietly helped pull it off.

Plus, thoughts on Sam Altman's swipe at local hardware, the PHP2Shell "cannonball," why defenders keep hitting guardrails while GLM-5.3 happily does the work, a trojanized Claude Code extension, Apple's fresh spyware alerts, and Volt Typhoon's Silent Train.

Cast: Juan Andres Guerrero-Saade, Ryan Naraine and Costin Raiu.

Timestamps:
0:00 Introductory banter
3:46 CTI training & the AI model stack
8:03 The $6.34B Binance hack: the largest crypto heist ever
12:40 Inside the multi-chain laundering
18:23 Sam Altman & the AI hardware crunch
20:44 Root cause: a compromised DevOps laptop
23:43 Did AI help pull it off?
31:22 Who actually loses six billion dollars?
44:00 Crypto as a financial instrument
51:04 Can it get bigger? Hardware-wallet implants
57:04 Attribution, "misalignment" & is Binance Chinese?
1:10:00 Cash, privacy & the Mt. Gox lesson
1:22:12 PHP2Shell: dodging the cannonball
1:30:52 AI for defense & the productization gap
2:09:32 GLM-5.3, the refusal trap & open weights
2:32:26 Apple spyware alerts & Silent Train

(Presented by TLPBLACK: A cybersecurity intelligence platform focused on sharing curated, high-sensitivity threat insights and research with trusted security professionals.)

SECURITY CONVERSATIONS: Black Lotus Labs researcher Michael Horka joins the show to discuss Silent Train, a Volt Typhoon framework that spins up four-to-six-hop chains of hijacked SOHO routers in about two minutes and wipes every hop when the day's session ends.

We discuss how ORB networks differ from botnets, why Silent Train took over after the FBI's KV-botnet takedown, the zero-days hitting control plane software from Versa, N-able and VeloCloud, and the NetFlow and logging moves defenders can make right now.

TIMESTAMPS:
0:00 Intros
0:29 What is an ORB network?
2:34 Silent Train, an operational framework for Volt Typhoon
3:30 Why call it Silent Train?
4:12 Chains that exist for a few hours
6:47 The hijacked routers in the chain
8:16 Burning zero-days on a single hop
9:48 Attribution and the KV-botnet successor
11:02 Crown jewels and NetFlow visibility
14:53 Why network monitoring gets skipped
17:23 Victims in Hawaii, California and Texas
19:23 Four confirmed zero-days, all patched
20:47 Control plane software as the target
26:00 No-brainer defenses: logs and internet exposure
29:41 Threat hunting, agentic AI and where ORBs go next

(Presented by TLPBLACK: A cybersecurity intelligence platform focused on sharing curated, high-sensitivity threat insights and research with trusted security professionals.)

Three Buddy Problem - Episode 117: This week, we dig into PHP2Shell, the AI-assisted PHP bug that led governments to take websites offline, and the arguments over broken embargoes, who found it first, and the AI doomers taking an "I-told-you-so" victory lap.

Plus, why patching hasn't kept up with AI bug finding, a failure of SBOMs, Terence Tao on math after AI, the iPhone Duo jailbreak and the eMudhra certificate authority key leak.

Cast: Juan Andres Guerrero-Saade and Ryan Naraine. Costin Raiu is traveling.

Timestamps:
0:00 Introductory banter
1:07 Black October's pile of critical bugs
2:34 PHP2Shell and the AI victory lap
8:28 Twenty years of PHP technical debt
16:54 Wiz, Gemini 4 Argon and the credit fight
21:01 Chainguard breaks the embargo
28:42 The doomers' warnings and the patching gap
39:32 Is this an SBOM problem?
55:33 Inside the PHP Foundation's post-mortem
1:03:13 Are bugs sparse or dense?
1:11:24 Should frontier labs fix coding?
1:20:14 Vibe coding and math's industrial era
1:27:26 Who pays to maintain open source?
1:44:59 iPhone Duo hacked already, eMudhra and the news