Summary: The FBI has confirmed that North Korean hackers stole approximately .5 billion from the cryptocurrency exchange Bybit, marking the largest crypto heist to date. The hacking group, associated with aliases such as TraderTraitor and Lazarus Group, intercepted a transfer from Bybit’s cold wallet to divert funds into their control. Following the theft, crypto forensic experts identified overlaps with prior hacks linked to the group and urged cryptocurrency service providers to take action against the compromised addresses.
Affected: Bybit cryptocurrency exchange
Keypoints :
- North Korean hackers executed a .5 billion theft from Bybit, utilizing a hacked developer machine from Safe{Wallet}.
- The FBI has shared 51 Ethereum addresses related to the stolen funds, advising firms to block transactions from these addresses.
- Crypto fraud investigator findings show ties between the current hack and previous attacks attributed to the Lazarus Group.