North Korean Hackers Suspected in $1 Billion Cryptocurrency Heist
Analysts believe North Korean hackers are responsible for a brazen theft of $1 billion in cryptocurrency, dubbed the "worst hack in history." The attack targeted Bybit, a Dubai-based crypto exchange holding over $15 billion in assets. Hackers, believed to be part of the Lazarus Group, a notorious group with ties to the North Korean regime, emptied an Ethereum wallet, transferring the funds to an unknown address.
Despite the claims, officials, including Bybit's CEO Ben Zhou, have yet to confirm the perpetrators. However, blockchain analysts Arkham Intelligence claim to have "irrefutable evidence" linking the Lazarus Group to the attack.
Bybit remains solvent despite the loss and has assured clients that their funds are safe. The company has launched an investigation and offered a $110 million bounty for information leading to the recovery of the stolen funds.
This incident follows a string of suspected North Korean cyberattacks, with estimates suggesting they stole $800 million in 2024 and $1.7 billion in 2022. The attack has caused the value of Ethereum to drop by 4%.
6 Comments
Michelangelo
“I’ve seen similar headlines before. Without a government confirmation, this is just another rumor.”
Raphael
“Why is everyone suddenly pointing fingers at the Lazarus Group when there are plenty of other cybercriminals out there?”
Leonardo
“The article ignores proper context – flawed assumptions and loose ties to North Korea make this story unconvincing.”
Raphael
“It’s better to be safe than sorry. Highlighting North Korean links helps bring international attention to an often-overlooked threat.”
Donatello
“With previous incidents linking North Korea to sophisticated cyberattacks, this latest heist only confirms what many of us suspected!”
Eugene Alta
“This isn’t the first time North Korean hacker groups have been implicated. The pattern is becoming alarmingly clear.”