Summary: The Bybit cryptocurrency exchange suffered a massive heist, with hackers stealing roughly 400,000 Ethereum, valued at nearly .5 billion. Multiple security firms have linked the attack to North Korean hackers, specifically the Lazarus group, known for previous cryptocurrency thefts. As Bybit works on recovering the stolen assets, almost million has been retrieved, and the company has initiated a recovery bounty program.
Affected: Bybit cryptocurrency exchange
Keypoints :
- Hackers manipulated the user interface to steal funds from Bybit’s cold wallet during a transfer.
- Security firms, including Check Point and TRM Labs, identified the hackers as North Korean actors known for previous crimes.
- The stolen assets are being laundered through various wallets and exchanges, with expectations of using mixers to obscure their origins.
Source: https://www.securityweek.com/1-5-billion-bybit-heist-linked-to-north-korean-hackers/