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(North Korea) was responsible for the theft of approximately $1.5 billion in virtual assets from cryptocurrency exchange, Bybit,
the FBI said in a public service announcement TraderTraitor actors are proceeding rapidly and have converted some of the stolen assets to Bitcoin and other virtual assets dispersed across thousands of addresses on multiple blockchains. It is expected these assets will be further laundered and eventually converted to fiat currency,
North Korea started using cyber attacks for espionage, stealing R&D and intellectual property
Rafe Pilling, of the cyber security company Secureworks, told the Daily Telegraph Since the hack, Bybit has experienced the most number of withdraws that we have ever seen, We have had a total number of more than 350k withdraws requests, so far, around 2100 withdraw requests left to be processed
All client funds are safe, and our operations continue as usual without any disruption.
TRM has determined – with high confidence – that the Bybit hack was perpetrated by North Korean hackers,
a statement from the firm read Friday The current strategy from governments and industry clearly isn’t working,
We’ve never seen anything on this scale before. The ability of these illicit financial networks to absorb such huge amounts of money so quickly is deeply concerning,
said Nick Carlsen, a former FBI intelligence analyst focused on North Korea who now works at TRM Labs Bybit worked closely with regulators and law enforcement agencies to address the hack,
