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Notorious North Korean hacker accused $1.5 billion of responsibility

Date:

U.S. officials have agreed to the views of blockchain analysts who blamed North Korea for theft last week. $1.46 billion in digital assets From Bybit cryptocurrency exchange.

Analysts from Oval Blockchain Analysis Company They said last Saturday that they would hack (thinking to be the largest crypto robbery ever, perhaps “the biggest single theft ever”) with the Lazarus Group, a multi-billion-dollar state-backed unit backed by the industry.

this Lazarus Group For the past decade or more, it has been notorious for funding the North Korean regime against security breaches.

See also: 810,000 investors lose over $2 billion on Trump Coin-NYT

The biggest crypto theft case (Oval Graphics, Tom Robinson, LinkedIn, February 22, 2025).

Oval chief scientist and co-founder Tom Robinson posted on LinkedIn on Saturday: “Today's Bybit stole nearly $1.5 billion in cryptocurrency. So far, this is the largest crypto robbery ever. It may also be the largest single theft ever.”

“We are working to help communications and law enforcement track and freeze these funds. The more difficult we benefit from crimes like this, the less they are.”

“merchant”

According to Reuters, the FBI said it refers to specific North Korean malicious cyber activities as “traders.”

“The businessman actor is working quickly and converting some stolen [ether] It is scattered across thousands of blockchain addresses of assets of Bitcoin and other virtual assets. “It said in a public service announcement Wednesday, February 26.

The FBI said the assets are expected to be further laundered and eventually converted into fiat currency.

Bybit said Friday that an attacker gained control of the Ether wallet and transferred his stake to an unidentified address.

The exchange caters to over 60 million users worldwide and provides access to a wide range of cryptocurrencies including Bitcoin and Ether.

The violations triggered a large number of evacuations as users feared potential bankruptcy. The CEO of Bybit said this week that the outflow had stabilized and announced that Baybit's undisclosed partners had received a bridge loan to cover any irrevocable losses and maintain operations. CNBC.

See also:

What Trump’s first day means to AI, renewable energy, Tiktok, Crypto

Ethical experts cross over Trump's crypto coins

N Korean Hackers use Cambodian businesses to launder money

Campo – Chinese companies and crypto scams, money laundering

SE Asia's fraudster stole $64 billion in 2023: Report

UN: North Korea's cyberattack bag regime $3 billion – Guardian

North Korean hackers share network with SE Asian criminal gang

The United States seizes on the website domain used by North Korean IT workers

The U.S. recognizes Bitcoin ETFs, changing game changers for cryptocurrencies

Many cryptocurrency courts line up behind Bankman Fried

Binance's $4.3 billion plea deal – Fortune

Binance resigns, $50 million fine is a “good result” for CZ

Crypto Platform says despite hacking

Jim Pollard

Jim Pollard has been an Australian journalist in Thailand since 1999. He worked for News Ltd in Sydney, Perth, London and Melbourne, and then passed SE Asia in the late 1990s. He has been a senior editor in the United States for 17 years.

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