DeFi Daily News
Sunday, June 22, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title FBI confirms North Korea-backed Lazarus hackers stole $1.5 billion from Bybit

Oluwapelumi Adejumo by Oluwapelumi Adejumo
February 27, 2025
in Ethereum
0 0
0
rewrite this title FBI confirms North Korea-backed Lazarus hackers stole .5 billion from Bybit
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

The Federal Bureau of Investigation (FBI) has confirmed North Korea as the culprit behind the recent $1.5 billion exploit on Bybit.

In a Feb. 26 Public Service Announcement (PSA), the agency attributed the attack to TraderTraitor, a malicious cyber campaign linked to North Korean threat actors.

TraderTraitor refers to a series of malware-infested applications disguised as crypto trading and price prediction tools.

These applications, built using cross-platform JavaScript and the Electron framework, originate from various open-source projects. Cybercriminals behind the campaign use well-designed websites to lure victims, showcasing fake features to build credibility.

Fund laundering

The FBI reported that the stolen funds are already being laundered, with attackers converting portions of the assets into Bitcoin and dispersing them across multiple blockchain networks.

The agency expects the funds to eventually be exchanged for fiat currency through illicit channels.

To counter this, the FBI released a list of flagged blockchain addresses linked to the hackers. It urged virtual asset service providers—including exchanges, DeFi platforms, and blockchain analytics firms—to block transactions associated with these addresses to prevent further money laundering.

This confirms prior reports from blockchain analysis firm SpotOnChain, which revealed that the hackers laundered 100,000 ETH, valued at approximately $250 million, in under four days.

SpotOnChain noted that the laundered funds represent 20% of the stolen 499,000 ETH. According to the firm, the cybercriminals have been splitting the assets across multiple addresses and using THORChain for cross-chain swaps into Bitcoin, DAI, and other cryptocurrencies.

North Korea’s expanding cyber threat

This attack illustrates North Korea’s growing success in using cybercrime to finance state operations. The Lazarus Group, a notorious government-backed hacking unit, has been behind several major digital asset heists.

The FBI noted that Lazarus Group is responsible for several previous attacks on crypto platforms. The group attacked Horizon Bridge in June 2022, attacked Ronin Bridge in March 2022, and has carried out other attacks as well.

Reports indicate that North Korean hackers stole more than $1.3 billion in digital assets in 2024, far surpassing the $660 million taken in 2023.

Analysts believe these stolen funds support the country’s nuclear weapons program, allowing it to bypass international sanctions.

Both Bybit and Safe have further confirmed to CryptoSlate that the North Korean hacking group Lazarus Group was responsible for the attack. A developer machine was compromised, allowing the hackers to trick owners of a multisig cold wallet into signing a malicious transaction. Safe stated,

“The Safe{Wallet} team has fully rebuilt, reconfigured all infrastructure, and rotated all credentials, ensuring the attack vector is fully eliminated.”

ByBit also confirmed that the majority of its assets held with Safe have been withdrawn from vaults to protect against any further vulnerability.

Blocscale
Latest North Korea Stories

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BillionBybitConfirmsfbiHackersKoreabackedLazarusNorthrewriteStoletitle
ShareTweetShare
Previous Post

rewrite this title with good SEO Memecoin Scam Alert: Pump.Fun X Account Hacked, Promotes Fake PUMP Token

Next Post

Nvidia Q4 earnings: Analyst talks growth, revenue hyperscalers, enterprise

Next Post
Nvidia Q4 earnings: Analyst talks growth, revenue hyperscalers, enterprise

Nvidia Q4 earnings: Analyst talks growth, revenue hyperscalers, enterprise

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Changelly Collaborates with BRLA Digital and Announces Zero-Fee Campaign – Cryptocurrency Insights & Trading Guidance on Changelly’s Blog

Changelly Collaborates with BRLA Digital and Announces Zero-Fee Campaign – Cryptocurrency Insights & Trading Guidance on Changelly’s Blog

July 25, 2024
Boeing machinists refuse latest offer, prolonging bruising six-week strike

Boeing machinists refuse latest offer, prolonging bruising six-week strike

October 23, 2024
CRYPTO IS DUMPING DUE TO THIS… What Comes Next?

CRYPTO IS DUMPING DUE TO THIS… What Comes Next?

June 13, 2025
Rough N’ Rowdy 25 FREE PREVIEW | Watch 20 Fights + Ring Girl Contest TONIGHT

Rough N’ Rowdy 25 FREE PREVIEW | Watch 20 Fights + Ring Girl Contest TONIGHT

August 9, 2024
I Built The DREAM Office Setup!

I Built The DREAM Office Setup!

November 30, 2024
rewrite this title XRP vs SEC: Legal Expert Says Ripple Is Delaying The Lawsuit

rewrite this title XRP vs SEC: Legal Expert Says Ripple Is Delaying The Lawsuit

June 19, 2025
rewrite this title How Corbin Carroll’s injury could impact Diamondbacks, Ketel Marte

rewrite this title How Corbin Carroll’s injury could impact Diamondbacks, Ketel Marte

June 21, 2025
rewrite this title ENG 209/3  (49.0 ov, Ollie Pope 100*, Harry Brook 0*, Jasprit Bumrah 3/48) – Stumps – England vs India 1st Test Match Live Score, Summary | ESPN.in

rewrite this title ENG 209/3 (49.0 ov, Ollie Pope 100*, Harry Brook 0*, Jasprit Bumrah 3/48) – Stumps – England vs India 1st Test Match Live Score, Summary | ESPN.in

June 21, 2025
rewrite this title Ethereum Price Slips Below ,500 — Sell Volume Suggests Mounting Bearish Pressure | Bitcoinist.com

rewrite this title Ethereum Price Slips Below $2,500 — Sell Volume Suggests Mounting Bearish Pressure | Bitcoinist.com

June 21, 2025
rewrite this title Kenneth Branagh Likens Jodie Comer To Young Meryl Streep After Filming ‘The Last Disturbance of Madeline Hynde’

rewrite this title Kenneth Branagh Likens Jodie Comer To Young Meryl Streep After Filming ‘The Last Disturbance of Madeline Hynde’

June 21, 2025
rewrite this title ‘Public Good’: Wyoming Plots August Debut for WYST Stablecoin – Decrypt

rewrite this title ‘Public Good’: Wyoming Plots August Debut for WYST Stablecoin – Decrypt

June 21, 2025
rewrite this title with good SEO French Crypto User Assaulted Over Ledger Wallet In Shocking Attack

rewrite this title with good SEO French Crypto User Assaulted Over Ledger Wallet In Shocking Attack

June 21, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.