North Korean hackers were responsible for the theft of $1.5 billion in digital currency from cryptocurrency exchange Bybit, according to security firm TRM. The firm stated with “high confidence” that the hackers were linked to previous North Korean cyber thefts.
TRM tracked the movement of the stolen Ethereum in real time and found connections to past cyberattacks attributed to North Korea. The FBI has yet to comment on the findings.
Bybit reported that a routine transfer of Ethereum wallets was manipulated by an attacker, causing the massive breach. The company assured customers that their holdings remain safe, though increased withdrawal requests have led to delays. CEO Ben Zhou stated that Bybit remains solvent despite the loss.
North Korean state hackers have been tied to multiple high-profile crypto thefts, including a $308 million attack on a Japanese exchange last year.
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