"Crypto World Rocked by $1.5 Billion Heist from Bybit Exchange, Marking One of the Biggest Hacks in History"
North Korean hackers, suspected to be the Lazarus Group, have executed the largest cryptocurrency heist in history, stealing approximately $1.5 billion from the Bybit exchange. see more ..
The attack occurred during a routine transfer from Bybit's cold wallet to a hot wallet. Hackers employed a sophisticated phishing scheme, creating a counterfeit interface resembling Bybit's wallet management platform. This deception led executives to authorize a transaction to an unknown address, resulting in the theft of 401 Ethereum tokens, valued at over $1.4 billion. cincodias.elpais.com
Blockchain analytics firm Arkham Intelligence has linked the attack to the Lazarus Group, citing definitive evidence. Bybit CEO Ben Zhou assured clients that the company remains solvent, with all assets fully backed, and is actively collaborating with authorities to trace and recover the stolen funds. thescottishsun.co.uk
This incident underscores the persistent threat posed by North Korean cyber actors, who have been implicated in numerous high-profile crypto thefts. In 2024 alone, they stole $1.34 billion through 47 incidents, accounting for two-thirds of global crypto hacks.ft.com
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