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Cryptocurrency exchange Bybit has confirmed a record-breaking theft of approximately $1.46 billion in digital assets from one of its offline Ethereum wallets. The attack, which occurred on Friday, is believed to be the largest crypto heist on record. Bybit disclosed that a highly sophisticated attack resulted in the theft of more than Rs 11,972 crores in digital assets.

The theft targeted an Ethereum cold wallet, involving a manipulation of a transaction from the cold wallet to a warm wallet. This allowed the attacker to gain control and transfer the funds to an unidentified address. The incident highlights the rising trend of cryptocurrency heists, driven by the allure of profits and challenges in tracing such crimes.

ImgSrc: cryptoslate.com

References :

• www.techmeme.com: ZachXBT: crypto exchange Bybit has experienced $1.46B worth of "suspicious outflows"; Bybit CEO confirms hacker took control of cold ETH wallet
• CryptoSlate: The crypto exchange ByBit has been hacked, and roughly $1.5 billion in Ethereum (ETH) has been stolen — making this one of the biggest hacks in history.
• infosec.exchange: NEW: Crypto exchange Bybit said it was hacked and suffered a loss of around $1.4 billion (~401,346 ETH) at the time of the hack.
• PCMag UK security: The Bybit exchange lost 400,000 in ETH, or about $1.4 billion, before the price began to slide, making it the biggest crypto-related hack in history.
• techcrunch.com: TechCrunch reports on the Bybit hack, disclosing a loss of approximately $1.4 billion in Ethereum.
• ciso2ciso.com: In a major cybersecurity incident, Bybit, the world’s 2nd-largest crypto exchange suffered a $1.4 billion ETH hack from a cold wallet breach.
• ciso2ciso.com: Bybit Hack: $1.4B Stolen from World’s 2nd Largest Crypto Exchange – Source:hackread.com
• cryptoslate.com: ByBit suffers $1.5 billion Ethereum heist in cold wallet breach
• www.coindesk.com: Bybit experiences USD1.46B in suspicious outflows
• BleepingComputer: Cryptocurrency exchange Bybit revealed today that an unknown attacker stole over $1.46 billion worth of cryptocurrency from one of its ETH cold wallets.
• The Cryptonomist: 3 Best Bybit Alternatives As Top CEX Is Hacked
• Gulf Business: ‘Worst hack in history’: Dubai crypto exchange Bybit suffers $1.5bn ether heist
• Anonymous ???????? :af:: Cryptocurrency exchange Bybit revealed today that an unknown attacker stole over $1.46 billion worth of cryptocurrency from one of its ETH cold wallets.
• www.bleepingcomputer.com: Hacker steals record $1.46 billion in ETH from Bybit cold wallet
• Techmeme: Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms (Oliver Knight/CoinDesk)
• Report Boom: Report on the Bybit crypto heist, detailing the incident and security recommendations.
• thehackernews.com: Report on the Bybit hack, highlighting the scale of the theft and its implications.
• reportboom.com: Reportboom article about Bybit's $1.46B Crypto Heist.
• www.it-daily.net: Bybit hacked: record theft of 1.5 billion US dollars
• Protos: News about the Bybit cryptocurrency exchange being hacked for over \$1.4 billion.
• The420.in: On Friday, cryptocurrency exchange Bybit disclosed that a highly sophisticated attack resulted in the theft of more than Rs 11,972 crores in digital assets from one of its offline Ethereum wallets—the largest crypto heist on record.
• TechSpot: The hackers stole the crypto from Bybit's cold wallet, an offline storage system.
• Talkback Resources: Crypto exchange Bybit was targeted in a $1.46 billion theft by the Lazarus Group, highlighting the rising trend of cryptocurrency heists driven by the allure of profits and challenges in tracing such crimes.
• www.bleepingcomputer.com: Cryptocurrency exchange Bybit revealed today that an unknown attacker stole over $1.46 billion worth of cryptocurrency from one of its ETH cold wallets.
• www.the420.in: The420.in: Biggest Crypto Heist Ever: Bybit Loses Rs 12,000+ Crore in Sophisticated Ethereum Wallet Attack!
• www.cnbc.com: This report discusses the Bybit hack, detailing the amount stolen and the potential impact on the crypto market.
• www.engadget.com: This news piece reports on the massive crypto heist from Bybit, highlighting the scale of the incident and the impact on the crypto market.
• Techmeme: Arkham says ZachXBT submitted proof that North Korea's Lazarus Group is behind Bybit's $1.5B hack, which is the largest single theft in crypto history
• BrianKrebs: Infosec exchange post describing Bybit breach.
• Talkback Resources: Bybit cryptocurrency exchange suffered a cyberattack resulting in the theft of $1.5 billion worth of digital currency, including over 400,000 ETH and stETH, with potential vulnerabilities in the Safe.global platform's user interface exploited.
• securityaffairs.com: SecurityAffairs reports Lazarus APT stole $1.5B from Bybit, it is the largest cryptocurrency heist ever.
• gulfbusiness.com: ‘Worst hack in history’: Dubai crypto exchange Bybit suffers $1.5bn ether heist
• techcrunch.com: Crypto exchange Bybit says it was hacked and lost around $1.4B
• Tekedia: The cryptocurrency industry has been rocked by what is now considered the largest digital asset theft in history, as Bybit, a leading crypto exchange, confirmed on Friday that hackers stole approximately $1.4 billion worth of Ethereum (ETH) from one of its offline wallets.
• blog.checkpoint.com: What the Bybit Hack Means for Crypto Security and the Future of Multisig Protection
• Dan Goodin: Crypto exchange Bybit said it was hacked and suffered a loss of around $1.4 billion (~401,346 ETH) at the time of the hack.
• BleepingComputer: Crypto exchange Bybit revealed today that an unknown attacker stole over $1.46 billion worth of cryptocurrency from one of its ETH cold wallets.
• Security Boulevard: North Korea’s Lazarus Group Hacks Bybit, Steals $1.5 Billion in Crypto
• bsky.app: Elliptic is following the money on this ByBit hack - the biggest theft ot all time. “Within 2 hours of the theft, the stolen funds were sent to 50 different wallets, each holding approximately 10,000 ETH. These are now being systematically emptiedâ€�.
• Talkback Resources: Talkback Post about the $1.5B Bybit Hack: The Era of Operational Security Failures Has Arrived
• infosec.exchange: Reports that North Korean hackers stole $1.4 billion in crypto from Bybit.
• securityboulevard.com: North Korea's notorious Lazarus Group reportedly stole $1.5 billion in cryptocurrency from the Bybit exchange in what is being called the largest hack in the controversial market's history.
• billatnapier.medium.com: One of the Largest Hacks Ever? But Will The Hackers Be Able To Launder The Gains?
• thecyberexpress.com: thecyberexpress.com - Details on Bybit Cyberattack.
• Matthew Rosenquist: This may turn out to be the biggest hack in history! $1.5 BILLION.
• PCMag UK security: The $1.4 billion at Bybit—the largest known cryptocurrency heist in history—has been traced to the notorious Lazarus North Korean hacking group.
• www.nbcnews.com: Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist: Blockchain analysis firm Elliptic later linked the attack to North Korea’s Lazarus Group, a state-sponsored hacking collective
• www.pcmag.com: Researchers spot the $1.4 billion stolen from Bybit moving through cryptocurrency wallets that were used in earlier heists attributed to North Korea's Lazarus hacking group.
• siliconangle.com: $1.5B in cryptocurrency stolen from Bybit in attack linked to North Korean hackers
• www.americanbanker.com: Nearly $1.5 billion in tokens lost in Bybit crypto exchange hack
• SiliconANGLE: SiliconAngle reports on the details of the Bybit hack and links it to North Korean hackers.
• techcrunch.com: TechCrunch reports on the massive crypto heist, citing research that points to North Korean hackers as perpetrators.
• OODAloop: Reports that North Korea’s Lazarus Group APT is Behind Largest Crypto Heist Ever
• : Looming Shadows: $1.5 Billion Crypto Heist Shakes Confidence in Security Measures
• Schneier on Security: Schneier on Security covers the North Korean Hackers Stealing $1.5B in Cryptocurrency.
• Dataconomy: How the Bybit hack shook the crypto world: $1.5B gone overnight
• be3.sk: Looming Shadows: $1.5 Billion Crypto Heist Shakes Confidence in Security Measures
• Risky Business Media: Risky Business #781 -- How Bybit oopsied $1.4bn
• cyberriskleaders.com: Bybit, a leading exchange, was hacked for USD1.4 billion in Ethereum and staked Ethereum, sending shockwaves through the digital asset community.
• www.csoonline.com: Independent investigation finds connections to the Lazarus Group.
• Cybercrime Magazine: Bybit suffers the largest crypto hack in history
• www.theguardian.com: Cyberattackers believed to be affiliated with the state-sponsored threat group pulled off the largest crypto heist reported to date, stealing $1.5 billion from exchange Bybit.
• bsky.app: Forensic investigators have discovered that North Korean Lazarus hackers stole $1.5 billion from Bybit after first breaching a Safe{Wallet} developer machine. The multisig wallet platform has also confirmed these findings in a statement issued today.
• Sergiu Gatlan: Forensic investigators have discovered that North Korean Lazarus hackers stole $1.5 billion from Bybit after first breaching a Safe{Wallet} developer machine. The multisig wallet platform has also confirmed these findings in a statement issued today.
• SecureWorld News: SecureWorld reports on the Bybit hack, attributing it to the Lazarus Group.
• OODAloop: The Largest Theft in History – Following the Money Trail from the Bybit Hack
• gbhackers.com: Researchers Uncover $1.4B in Sensitive Data Tied to ByBit Hack by Lazarus Group
• Secure Bulletin: Lazarus group’s Billion-Dollar Bybit heist: a cyber forensics analysis
• Talkback Resources: " THN Weekly Recap: From $1.5B Crypto Heist to AI Misuse & Apple’s Data Dilemma [mal]
• infosec.exchange: NEW: Hacked crypto exchange Bybit is offering $140 million in bounties to anyone who can help locate and freeze the stolen ethereum.
• CyberInsider: Record $1.5 billion Bybit hack undermines trust in crypto security
• The Register - Security: Cryptocurrency exchange Bybit, just days after suspected North Korean operatives stole $1.5 billion in Ethereum from it, has launched a bounty program to help recover its funds.
• PCMag UK security: The malicious Javascript code used in the attack could secretly modify transactions for Safe{Wallet}, a cryptocurrency wallet provider. The suspected North Korean hackers who $1.4 billion in cryptocurrency from Bybit pulled off the heist by infiltrating a digital wallet provider and tampering with its software.
• techcrunch.com: Last week, hackers stole around $1.4 billion in Ethereum cryptocurrency from crypto exchange Bybit, believed to be the largest crypto heist in history. Now the company is offering a total of $140 million in bounties for anyone who can help trace and freeze the stolen funds. Bybit’s CEO and
• securityaffairs.com: The FBI confirmed that North Korea is responsible for the record-breaking cyber heist at the crypto exchange Bybit.
• The Register - Security: The FBI has officially accused North Korea's Lazarus Group of stealing $1.5 billion in Ethereum from crypto-exchange Bybit earlier this month, and asked for help tracking down the stolen funds.
• techcrunch.com: The FBI has said the North Korean government is “responsibleâ€� for the hack at crypto exchange Bybit, which resulted in the theft of more than $1.4 billion in Ethereum cryptocurrency.
• Talkback Resources: FBI Says North Korea Hacked Bybit as Details of $1.5B Heist Emerge [net] [mal]
• PCMag UK security: FBI Blames North Korea for Massive $1.4 Billion Cryptocurrency Heist
• The420.in: Rs 1.27 trillion Stolen: Bybit Joins the Ranks of Crypto’s Largest Thefts – Full List Inside
• Talkback Resources: Bybit Hack Traced to Safe{Wallet} Supply Chain Attack Exploited by North Korean Hackers [mal]
• Tekedia: Bybit Declares War on “Notoriousâ€� Lazarus Group After $1.4B Hack, Offers $140m Reward
• SecureWorld News: The FBI officially attributed the massive to North Korea's state-sponsored hacking group, TraderTraitor, more commonly known as the infamous Lazarus Group.
• ChinaTechNews.com: North Korea was behind the theft of approximately $1.5bn in virtual assets from a cryptocurrency exchange, the FBI has said, in what is being described as the biggest heist in history.
• Wallarm: API Armor: How Bybit’s Real-Time Blacklisting Is Thwarting a $1.5B Crypto Heist

Classification:

• HashTags: #cryptocurrency #LazarusGroup
• Company: Bybit
• Target: Bybit
• Attacker: Lazarus Group
• Product: Ethereum
• Feature: Offline ETH wallet
• Type: Crypto
• Severity: Disaster