FBI calls it the largest crypto heist in history

The U.S. Federal Bureau of Investigation (FBI) has accused North Korea of stealing $1.5 billion in digital assets from the cryptocurrency exchange Bybit, marking the largest cryptocurrency theft ever recorded.

“(North Korea) was responsible for the theft of approximately USD 1.5 billion in virtual assets from cryptocurrency exchange, Bybit,” the FBI stated in a public service announcement on Wednesday.

The FBI identified the hacking group responsible as TraderTraitor, also known as the Lazarus Group.

Say Goodbye to Debt and Become Rich, Just Carry Them in Your Wallet

say goodbye to debt and become rich, just carry them in your wallet...

February 27, 2025

12:41 pm

Doctor: A Teaspoon Kills All Parasites In Your Body!

doctor: a teaspoon kills all parasites in your body!...

February 27, 2025

12:57 pm

Hair Grows Back in 2 Weeks! at Any Stage of Baldness

hair grows back in 2 weeks! at any stage of baldness...

February 27, 2025

12:56 pm

If You Find Moles or Skin Tags on Your Body, Read About This Remedy

if you find moles or skin tags on your body, read about this remedy...

February 27, 2025

12:42 pm

North Korea’s role in laundering stolen crypto assets

According to the FBI, the hackers have already converted some of the stolen funds into Bitcoin and other virtual currencies, dispersing them across thousands of blockchain addresses.

“It is expected these assets will be further laundered and eventually converted to fiat currency,” the bureau added.

The Lazarus Group first gained global attention in 2014 when it was accused of hacking Sony Pictures in retaliation for The Interview, a film that mocked North Korean leader Kim Jong Un.

My weight was 198 lbs, and now it’s 128 lbs! My diet is simple. 1/2 Cup Of This (Before Bed)

my weight was 198 lbs, and now it’s 128 lbs! my diet is simple. 1/2 cup of this (before bed)...

February 27, 2025

12:51 pm

55-year-old woman with baby face. Here's her secret!

55-year-old woman with baby face. here's her secret!...

February 27, 2025

12:48 pm

Doctor: If You Have Nail Fungus, Do This Immediately

doctor: if you have nail fungus, do this immediately...

February 27, 2025

1:02 pm

Knee & Joint Pain Will Go Away if You Do This Every Morning!

knee & joint pain will go away if you do this every morning!...

February 27, 2025

12:57 pm

North Korea’s cyber-warfare operations

North Korea has been running an advanced cyber-warfare program since at least the mid-1990s.

A 2020 U.S. military report revealed that the country operates a cyber-warfare unit known as Bureau 121, consisting of approximately 6,000 members stationed across multiple countries.

The latest cryptocurrency theft underscores North Korea’s continued reliance on cybercrime as a means of evading international sanctions and generating funds for its regime.

This article ‘Largest crypto heist in history’: North Korea accused of $1.5 billion cryptocurrency theft appeared first on BreezyScroll.

Read more on BreezyScroll.