$1.5 billion in cryptocurrency stolen: The FBI has identified North Korean hackers as being involved in the incident.

The Federal Bureau of Investigation (FBI) of the United States has stated that North Korea is responsible for one of the largest virtual asset thefts in history, amounting to approximately $1.5 billion, from the cryptocurrency exchange ByBit.

https://www.ukrinform.ua/rubric-world/3964920-kradizka-kriptovaluti-na-15-milarda-fbr-vstanovilo-pricetnist-hakeriv-z-pivnicnoi-korei.html2025-02-27 08:22:05

This is reported by Reuters, as conveyed by Ukrinform.

FBI agents have determined that the hack of the cryptocurrency exchange and the withdrawal of assets are attributed to a hacker group from North Korea known as “TraderTraitor.”

“Members of TraderTraitor act swiftly and have already converted some of the stolen assets into bitcoins and other virtual currencies, dispersed across thousands of addresses in several blockchains,” the agency stated.

The FBI believes that the stolen assets will eventually be laundered and ultimately converted into fiat currency.

As reported by Ukrinform, one of the largest cryptocurrency exchanges in the world, Bybit, which serves over 60 million users and offers access to various cryptocurrencies, announced on February 21 about a hacker breach that resulted in a loss of cryptocurrency worth nearly 1.5 billion US dollars.

This attack could become the largest cyber assault in history on a single cryptocurrency exchange, as the amount of stolen assets exceeds 50% of the total value of cryptocurrency stolen throughout the past year.

Photo: causeofaction.org