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.
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