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North Korea's $1.5 billion crypto hack is chump change

MarketWatch on MSN · 51m

North Korea’s $1.5 billion crypto hack is chump change — given what’s lurking

Cryptocurrency buyers should be prepared for more and bigger threats after North Korea’s recent robbery of close to $1.5 billion of cryptocurrency from crypto exchange Bybit. That’s just one of the implications of a study appearing in the February 2025 issue of the Quarterly Journal of Economics.

Crypto’s Grown-Up Response To North Korea’s Historic $1.4B Robbery

Industry Leaders Applaud Bybit’s Crisis Response. Despite the catastrophic loss, Bybit’s handling of the crisis has been widely praised.

CNN on MSN · 1d

North Korean hackers steal record $1.5 billion in single crypto hack, security firm says

North Korean hackers have stolen $1.5 billion in cryptocurrency in a single heist, making it the largest crypto hack on record, security experts told CNN.

Bybit, Crypto and Hack

TechRepublic · 1d

$1.5B Hack of Bybit Might Be the Largest Crypto Heist Ever

Following the revelation Friday from cryptocurrency exchange firm Bybit that hackers stole digital tokens worth about $1.5 billion – in what may be the biggest crypto heist of all time – CEO Ben Zhou wrote on X Sunday that it has replenished its reserves. Bybit was able to do this through a mix of emergency loans and large deposits.

eGamers.io on MSN · 1d

Bybit Closes $1.5 Billion Gap After Major Crypto Hack

Bybit CEO Ben Zhou announced that the exchange has fully recovered its Ethereum (ETH) reserves following a massive $1.5 billion exploit on February 21. He confirmed that a new audited Proof of Reserves (POR) report will soon be released to prove that client assets are once again backed 1:1.

American Banker · 1d

How hackers stole $1.5 billion in crypto from Bybit's cold wallet

Lazarus Group, hackers based in North Korea, tricked Bybit CEO Ben Zhou into approving a transfer of 400,000 ethereum tokens from his company's cold wallet.

1don MSN

5 things to know for Feb. 25: Immigration, Federal job cuts, US-Russia relations, Egg surcharge, Crypto hack

The notoriously disastrous Fyre Festival is getting a sequel after a scrapped reboot attempt in 2023. The music festival will ...

4don MSN

In pictures: Bybit’s record-breaking $1.4B hack

See how Bybit’s $1.4 billion hack unfolded, from onchain movements to social media’s breakdown of the biggest crypto exploit ...

1don MSN

Bitcoin, Ether plunge after $1.5 billion crypto hack

Some $1.5 billion in crypto was stolen from the Bybit exchange - sparking fear across the crypto-verse. This was the biggest ...

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