North Korea Behind $1.5 Billion Bybit Crypto Theft, FBI Says.
The FBI has linked North Korea to the theft of $1.5 billion worth of digital assets, making it the largest crypto heist in history.
How Did the Heist Happen?
The theft occurred last week, when Bybit, a cryptocurrency exchange based in Dubai, reported losing 400,000 Ethereum cryptocurrency. This was part of the massive hack that the FBI now attributes to North Korean hackers, known as the Lazarus Group or TraderTraitor.
Why is This a Big Deal?
This crypto theft is the largest in digital asset history, shaking the entire cryptocurrency world. With the growing interest in digital currencies, the involvement of a state actor like North Korea adds a new layer of complexity to cybersecurity in the crypto space.
What’s Next?
The FBI’s statement points to North Korea’s involvement in these types of cyberattacks, signaling that this is part of a larger pattern of digital asset theft by the country. The investigation continues as authorities work to track down the criminals behind the heist.
