The US Federal Bureau of Investigation (FBI) has accused North Korea of orchestrating the theft of $1.5 billion in cryptocurrency last week, marking the largest digital asset heist in history.
In an official statement on Wednesday, the FBI stated that North Korea was responsible for stealing nearly $1.5 billion in virtual assets from the cryptocurrency exchange Bybit.
According to reports, North Korean hackers breached multiple security layers of Bybit’s cold wallet system on Friday, managing to steal over 600,000 Ether tokens—valued at more than $1.4 billion—making it the largest crypto heist ever recorded.
To mitigate the losses, Bybit reportedly acquired Ether from the over-the-counter (OTC) market and took short-term loans from competing exchanges, including Binance.
The incident underscores growing concerns over North Korea’s involvement in cybercrime and its reliance on stolen cryptocurrency to fund its operations.
Follow the latest news on Google News
