Unprecedented $1.5 billion crypto heist linked to North Korea
The cryptocurrency exchange Bybit has fallen victim to an attack resulting in the theft of digital assets valued at $1.5 billion. Experts estimate this to be the largest theft in the history of this sector.
Korean Hackers Steal $1.5 Billion From Cryptocurrency Exchange
Bybit, a major cryptocurrency exchange based in Dubai recently announced it had been hacked, losing $1.5 billion worth of the cryptocurrency Ethereum in the largest cryptocurrency theft of all time. Putting it into perspective,
$1.5B in cryptocurrency stolen from Bybit in attack linked to North Korean hackers
Bybit is a well-known cryptocurrency exchange with more than 60 million users. It’s regularly ranked among the top five cryptocurrency exchanges online by volume. The hack was disclosed on Feb. 21. The company said an attacker gained control of an Ethereum wallet and transferred the holdings in the wallet to an unknown address.
North Korea-linked heist hits Bybit: £1.24bn stolen in attack
The cryptocurrency exchange Bybit has fallen victim to an attack resulting in the theft of digital assets valued at approximately £1.24 billion. Experts believe this to be the largest theft in the sector's history.
Bybit Suffers $1.5 Billion Ethereum Theft in Unprecedented Crypto Heist
DubaiIn a significant security breach, Dubai-based cryptocurrency exchange Bybit has reported the theft of approximately $1.5 billion worth of Ethereum. The incident, which stands as one of the largest in the history of digital currencies,
N Korea Hackers Steal +$1.4B From Crypto & NFT Market Bybit
Lazarus Group, a notorious hacker group linked with the Northern Korean government, are back in action. The hacker group has stolen $1.5B.
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Ben Zhou, CEO: Bybit is solvent, will cover all claims despite a growing withdrawal queue
Bybit will repay all users, though some of the lost Ethereum (ETH) may be secured via a bridge loan for short-term claims.
What we know about the $1.5 billion Bybit crypto hack
Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.
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