Korean Hackers Steal $1.5 Billion From Cryptocurrency Exchange

Bybit, a major cryptocurrency exchange based in Dubai, was recently hacked, losing $1.5 billion worth of Ethereum in the largest crypto theft to date.

The North Korean hacking group Lazarus is suspected to be behind the attack.

The group exploited a masked UI and URL to deceive wallet signers into approving a malicious transaction, gaining control of Bybit’s Ethereum cold wallet.

The stolen funds were transferred to 53 wallets and are being closely monitored.

The Lazarus Group has a history of high-profile cybercrimes, including the 2014 Sony hack and the 2017 WannaCry ransomware attack, Forbes has reported.

The breach highlights ongoing security concerns in the cryptocurrency industry.

read more: https://www.forbes.com/sites/steveweisman/2025/02/22/korean-hackers-steal-15-billion-from-cryptocurrency-exchange/

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