North Korean cybercriminals linked to largest-ever cryptocurrency heist
- The US Federal Bureau of Investigation accused North Korea of stealing $1.5 billion worth of digital assets from Bybit, marking the largest crypto heist in history, according to an announcement on Wednesday.
- Bybit reported that 400,000 Ethereum was taken after hackers exploited security protocols, causing significant market impact.
- A group known as TraderTraitor, also called the Lazarus Group, was responsible for the theft and is converting the stolen assets to Bitcoin.
- According to a United Nations panel, North Korea has stolen over $3 billion in cryptocurrency since 2017 to help fund its nuclear program.
42 Articles
42 Articles
Largest crypto heist in history: Who ‘stole’ $1.5 bn worth of digital assets? FBI names North Korea
The US Federal Bureau of Investigation (FBI) has accused North Korea of orchestrating the theft of $1.5 billion in digital assets last week, marking the largest cryptocurrency heist ever recorded.
In Largest Crypto Theft In History, Exchange Loses $1.5-Billion Ethereum
Dubai-based cryptocurrency exchange Bybit reported on Friday that hackers stole $1.5 billion worth of digital assets in what marks the largest crypto theft in industry history. Bybit CEO and founder Ben Zhou addressed the hack during an online chat, assuring users that "your funds are safe." The company added on X: "We've launched a refund program for users affected by today's hack. Bybit is committed to protecting our community, and we will fu…
North Korean cybercriminals linked to largest-ever cryptocurrency heist
North Korean cybercriminals stole some $1.5 billion in cryptocurrency from a Dubai-based centralized exchange, marking the largest cryptocurrency heist ever recorded, according to a U.S. blockchain intelligence firm. In a press release on Friday, TRM Labs assessed with “high confidence” that Pyongyang-backed actors were behind the theft from the Bybit exchange, based on overlaps between […]
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