Summary: The FBI is urging the private sector to assist in recovering .5 billion in cryptocurrency stolen from the Bybit exchange by North Korean hackers known as TraderTraitor or Lazarus. The bureau has issued a warning regarding the conversion and laundering of the stolen funds and provided a list of associated Ethereum wallet addresses. Bybit has introduced bounties to incentivize the freezing of stolen funds, while blockchain intelligence company TRM Labs reported that a significant portion of the assets has already been laundered.
Affected: Bybit exchange
Keypoints :
- FBI warns about a .5 billion cryptocurrency theft attributed to North Korean hackers.
- TraderTraitor actors are rapidly converting stolen assets to Bitcoin and laundering them across various blockchains.
- Bybit is offering up to 0 million in bounties for information on frozen funds from the hack.
- Security firms confirm the attack involved compromising a developer machine linked to Bybit.
Source: https://therecord.media/fbi-bybit-laundering-crypto-warning