Bybit Hack Traced to Safe{Wallet} Supply Chain Attack Exploited by North Korean Hackers

Summary: The FBI has attributed the recent .5 billion hack of the cryptocurrency exchange Bybit to North Korean cybercriminals known as TraderTraitor. The hackers are believed to have exploited vulnerabilities related to a wallet infrastructure and have since begun laundering the stolen assets. Bybit has launched a bounty program to recover the funds while accusing some exchanges of not cooperating in the investigation.

Affected: Bybit, cryptocurrency sector, Safe{Wallet}

Keypoints :

• The FBI links the Bybit hack to North Korea’s TraderTraitor group, responsible for other significant thefts.
• The attack involved the compromise of Safe{Wallet} developer infrastructure, indicating a supply chain attack.
• The North Korean group has stolen over billion in crypto assets since 2017, with this theft being the largest to date.