The FBI has accused North Korean-backed hackers, known as the Lazarus Group, of stealing $1.5 billion worth of Ethereum from Dubai-based crypto exchange Bybit. The stolen assets are reportedly being laundered across multiple blockchains to support North Korea's economy and nuclear program.
CROFAM SOCIAL NETWORK
Singapore – Hackers have successfully stolen $1.5 billion worth of cryptocurrency from the Bybit exchange, marking the largest digital asset theft in history.
What Happened?
• The attack compromised a “cold wallet”, typically considered one of the safest forms of storage.
• Bybit CEO Ben Zhou stated that the company is working with blockchain security firms to trace the stolen funds.
• Experts suspect state-sponsored hackers may be behind the attack.
Why It Matters:
The breach underscores the continued vulnerabilities in cryptocurrency exchanges and could trigger stricter global regulations on digital asset security.
Crofam Technology Alerts $1.5 Billion Stolen in Largest-Ever Cryptocurrency Heist
