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

North Korean hackers, identified as the Lazarus Group, stole $1.5 billion in cryptocurrency from Bybit during a routine transfer of Ethereum, according to security firms.
Ben Zhou, Bybit's CEO, stated that the firm has replenished its reserves after the theft and confirmed its financial solvency.
In minutes, the hackers laundered about $160 million of the stolen funds through accounts linked to North Korean operatives, as reported by TRM Labs.
Experts express deep concern over the scale of this heist, highlighting the serious financial implications for North Korea's nuclear funding, according to former FBI analyst Nick Carlsen.

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The Express Tribune

Security firm claims North Korean hackers stole $1.5B in Bybit crypto hack

A cybersecurity firm has claimed that North Korean hackers orchestrated a sophisticated cyberattack, stealing approximately $1.5 billion in digital assets from Bybit, a major cryptocurrency exchange. Dubai-based Bybit confirmed the breach, calling it the largest crypto heist to date. The exchange reported that hackers infiltrated its systems and siphoned off over $1.5 billion in assets, raising serious concerns about the security of digital curr…

9 hours ago·Pakistan

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Newsmax

NKorean Hackers Behind $1.5B Crypto Heist

TRM has determined — with high confidence — that the Bybit hack was perpetrated by North Korean hackers. This assessment is based on substantial overlaps observed between addresses controlled by the Bybit hackers and those linked to prior North Korean thefts, TRM said on its website.

15 hours ago·Washington, United States

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The Hill

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

North Korean hackers were behind a sophisticated hack that stole about $1.5 billion worth of digital currency from Bybit, a major cryptocurrency exchange, according to security firm TRM. “TRM has determined – with high confidence – that the Bybit hack was perpetrated by North Korean hackers,” a statement from the firm read Friday. “This assessment…

17 hours ago·Washington, United States

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WLKY

+11 Reposted by 11 other sources

North Korean hackers execute largest crypto heist

North Korean hackers stole $1.5 billion in cryptocurrency from Bybit, marking the largest crypto heist on record. Discover the implications for global security.

17 hours ago·Louisville, United States

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9News

North Korean hackers steal record $1.5b in single crypto hack

The hack hit Bybit, which describes itself as the world's second-largest cryptocurrency exchange, with over...

17 hours ago·Australia

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CNN

+2 Reposted by 2 other sources

North Korean hackers steal record $1.5 billion in single crypto hack, security firm says

North Korean hackers have stolen $1.5 billion in cryptocurrency in a single heist, making it the largest crypto hack on record, security experts told CNN.

20 hours ago·Atlanta, United States

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