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North Korean hackers behind $1.5 billion crypto hack: Security firm

  • The FBI accused North Korean-linked hackers of stealing $1.5 billion worth of cryptocurrency from Bybit, one of the largest crypto exchanges, in what is described as the largest heist in history.
  • The group known as TraderTraitor converted some stolen assets to Bitcoin and other virtual assets across multiple blockchains.
  • According to South Korea's spy agency, North Korea has stolen an estimated $1.2 billion in cryptocurrency over the past five years to support its economy and nuclear program.
  • Ben Zhou, Bybit's co-founder, acknowledged the theft and shared a bounty plan of $140 million for tracking and freezing the stolen crypto on social media.
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Reuters broke the news in United Kingdom on Monday, February 24, 2025.
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