Oluwapelumi Adejumo@CryptoSlate
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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.
Recommended read:
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 emptied�.
- 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
- Be3: 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: 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: The Lazarus Group, a notorious North Korean state-sponsored hacking collective, has once again demonstrated its sophistication and audacity with a staggering $1.5 billion cryptocurrency heist targeting Bybit, a major crypto exchange.
- 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 said the North Korean government is ‘responsible’ 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 “Notorious� 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: Lab Wallarm discusses how Bybit’s Real-Time Blacklisting Is Thwarting a $1.5B Crypto Heist
- iHLS: Cryptocurrency exchange Bybit became the latest victim of a major cyberattack, marking what appears to be the largest crypto hack in history.
- thehackernews.com: Bybit Hack Traced to Safe{Wallet} Supply Chain Attack Exploited by North Korean Hackers
- www.pcmag.com: FBI Blames North Korea for Massive $1.4 Billion Cryptocurrency Heist
- Dan Goodin: InfoSec Exchange Post on the FBI attribution to the Lazarus group and Bybit hack
info@thehackernews.com (The Hacker News)@The Hacker News
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The North Korean hacking group known as TraderTraitor, also identified as Jade Sleet, UNC4899, and Slow Pisces, has been linked to the theft of $308 million in cryptocurrency from the Japanese exchange DMM Bitcoin in May. This group, a cryptocurrency-focused element within North Korea's Reconnaissance General Bureau, primarily targets blockchain-related companies. Authorities, including the FBI, the Department of Defense Cyber Crime Center, and the National Police Agency of Japan, confirmed the group's involvement, highlighting TraderTraitor's use of targeted social engineering techniques to infiltrate their victims. The group's known methods also include supply chain attacks and malware deployment.
The FBI outlined the attack chain, which began in March when TraderTraitor members posed as recruiters and contacted an employee at a cryptocurrency wallet software company named Ginco. This led to the deployment of a malicious python script. By exploiting the compromised employee's access, the hackers manipulated a legitimate DMM transaction request, resulting in the theft of 4,502.9 Bitcoin, valued at $308 million at the time. The stolen funds were then moved to TraderTraitor-controlled wallets. This incident led DMM Bitcoin to restrict its services following the hack, until the completion of investigations.
Recommended read:
References :
- The Hacker News: The Hacker News reports on North Korean hackers stealing $308M in Bitcoin from DMM Bitcoin.
- www.bleepingcomputer.com: The North Korean hacker group 'TraderTraitor' stole $308 million worth of cryptocurrency in the attack on the Japanese exchange DMM Bitcoin in May.
- www.coindesk.com: US and Japanese law enforcement say North Korean hackers were responsible for stealing 4,502.9 bitcoin, worth $308M, from Japanese exchange DMM in May 2024 (Sheldon Reback/CoinDesk)
- BleepingComputer: The North Korean hacker group 'TraderTraitor' stole $308 million worth of cryptocurrency in the attack on the Japanese exchange DMM Bitcoin in May.
- : FBI : This is not much of a cybersecurity advisory: The Federal Bureau of Investigation, Department of Defense Cyber Crime Center (DC3), and National Police Agency of Japan linked the theft of cryptocurrency worth $308 million U.S. dollars from the Japan-based cryptocurrency company DMM to North Korea's . They also confirmed different private industry threat actor names: , , and . TraderTraitor is a cryptocurrency-focused element within the Reconnaissance General Bureau (RGB), that primarily targets blockchain-related companies (and related vendors).
- COINOTAG NEWS: Coinotag reports about the 48.2 Billion Yen Bitcoin theft linked to North Korea.
- ciso2ciso.com: US and Japan Blame North Korea for $308m Crypto Heist
- www.techmeme.com: US and Japanese law enforcement say North Korean hackers were responsible for stealing 4,502.9 bitcoin, worth $308M, from Japanese exchange DMM in May 2024 (Sheldon Reback/CoinDesk)
- securityonline.info: North Korean Cyber Actors TraderTraitor Steal $308 Million in Cryptocurrency: DMM Breach Unveiled
- Techmeme: US and Japanese law enforcement say North Korean hackers were responsible for stealing 4,502.9 bitcoin, worth $308M, from Japanese exchange DMM in May 2024 (Sheldon Reback/CoinDesk)
- Techmeme: US and Japanese law enforcement say North Korean hackers were responsible for stealing 4,502.9 bitcoin, worth $308M, from Japanese exchange DMM in May 2024 (Sheldon Reback/CoinDesk)
- ciso2ciso.com: FBI Blames North Korea for $308M Cryptocurrency Hack as Losses Surge in 2024
- securityaffairs.com: DMM Bitcoin $308M Bitcoin heist linked to North Korea
- osint10x.com: North Korean Hackers Pull Off $308M Bitcoin Heist from Crypto Firm DMM Bitcoin
- securityonline.info: North Korean Cyber Actors TraderTraitor Steal $308 Million in Cryptocurrency: DMM Breach Unveiled
- ciso2ciso.com: DMM Bitcoin $308M Bitcoin heist linked to North Korea – Source: securityaffairs.com
- www.scworld.com: Suspected Lazarus subgroup behind DMM crypto heist
- Cybernews: A gang of North Korean-affiliated threat actors stole $308 million worth of cryptocurrency from a Japanese crypto company.
- Bitcoin News: FBI Links North Korean Hackers to $308 Million DMM Exchange Breach
- therecord.media: The FBI blamed the theft of $300 million from Japanese crypto platform DMM on hackers from North Korea
Ojukwu Emmanuel@Tekedia
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On February 21, 2025, the cryptocurrency exchange Bybit suffered a massive security breach resulting in the theft of approximately $1.46 billion in crypto assets. Investigations have pointed towards the Lazarus Group, a North Korean state-sponsored hacking collective, as the perpetrators behind the audacious heist. The FBI has officially accused the Lazarus Group of stealing $1.5 billion in Ethereum and has requested assistance in tracking down the stolen funds.
Bybit has declared war on the Lazarus Group following the incident and is offering a $140 million bounty for information leading to the recovery of the stolen cryptocurrency. CEO Ben Zhou has launched Lazarusbounty.com, a bounty site aiming for transparency on the Lazarus Group's money laundering activities. The attack involved exploiting vulnerabilities in a multisig wallet platform, Safe{Wallet}, by compromising a developer’s machine, enabling the transfer of over 400,000 ETH and stETH (worth over $1.5 billion) to an address under their control.
Recommended read:
References :
- 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.
- Secure Bulletin: The Lazarus Group, a notorious North Korean state-sponsored hacking collective, has once again demonstrated its sophistication and audacity with a staggering $1.5 billion cryptocurrency heist targeting Bybit, a major crypto exchange.
- SecureWorld News: On February 21, 2025, the cryptocurrency world was rocked by the largest crypto heist in history. Dubai-based exchange Bybit was targeted in a malware-driven attack that resulted in the theft of approximately $1.46 billion in crypto assets.
- Tekedia: Bybit, a leading crypto exchange, has declared war on “notorious� Lazarus group, a hacker group made up of an unknown number of individuals, alleged to be run by the government of North Korea. This is coming after the crypto exchange experienced a security breach resulting in the unauthorized transfer of over $1.4 billion in liquid-staked crypto assets.
- Talkback Resources: FBI confirmation of Lazarus Group's involvement
- www.cnbc.com: Details on the attack in a news article
- securityaffairs.com: FBI: North Korea-linked TraderTraitor is responsible for $1.5 Billion Bybit hack
- 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.
- iHLS: Largest-Ever Crypto Heist steals $1.4 Billion
- thehackernews.com: Bybit Hack Traced to Safe{Wallet} Supply Chain Attack Exploited by North Korean Hackers
- SecureWorld News: Bybit Hack: FBI Attributes to North Korea, Urges Crypto Sector to Act
- The Register - Security: Bybit declares war on North Korea's Lazarus crime-ring to regain $1.5B stolen from wallet
- infosec.exchange: NEW: Hacked crypto exchange Bybit is offering $140 million in bounties to anyone who can help locate and freeze the stolen ethereum. Bybit also disclosed preliminary results of investigations, which reveal hackers breached a developer’s device at a wallet platform Safe Wallet.
- 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.
- gbhackers.com: Researchers Uncover $1.4B in Sensitive Data Tied to ByBit Hack by Lazarus Group
- infosec.exchange: NEW: After security researchers and firms accused North Korea of the massive Bybit hack, the FBI follows suit. North Korean government hackers allegedly stoled more than $1.4 billion in Ethereum from the crypto exchange.
- www.cysecurity.news: Bybit Suffers Historic $1.5 Billion Crypto Hack, Lazarus Group Implicated
- infosec.exchange: Bybit, that major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets stolen, in what’s estimated to be the largest crypto heist in history.
- BleepingComputer: Bybit, a major cryptocurrency exchange, has fallen victim to a massive cyberattack, with approximately $1.5 billion in cryptocurrency stolen. The breach is believed to be the largest single theft in crypto history.
- Taggart :donor:: Cryptocurrency exchange Bybit suffered a massive security breach, resulting in the loss of $1.5 billion in digital assets. The hack compromised the exchange's cold wallet and involved sophisticated techniques to steal the funds.
- www.cysecurity.news: CySecurity News report on the Bybit hack, its implications, and the potential Lazarus Group connection.
- The420.in: The 420 report on Bybit theft
- PCMag UK security: The FBI is urging the cryptocurrency industry to freeze any transactions tied to the Bybit heist. The FBI has the $1.4 billion cryptocurrency at Bybit to North Korean state-sponsored hackers after security researchers reached the same conclusion.
- infosec.exchange: Details of the Bybit hack and Lazarus Group's involvement.
- Talkback Resources: Bybit Hack Traced to Safe{Wallet} Supply Chain Attack Exploited by North Korean Hackers
- securityaffairs.com: The FBI confirmed that North Korea is responsible for the record-breaking cyber heist at the crypto exchange Bybit.
- Zack Whittaker: your weekly ~ this week in security ~ is out: • North Korea's record-breaking $1.4B crypto heist
- infosec.exchange: NEW: The (allegedly North Korean) hackers behind the Bybit crypto heist have already laundered all the stolen Ethereum, which was worth $1.4 billion. Ari Redbord, former federal prosecutor and senior Treasury official, told me this laundering shows “unprecedented level of operational efficiency,� but there's more steps they need to take to cash out. “This rapid laundering suggests that North Korea has either expanded its money laundering infrastructure or that underground financial networks, particularly in China, have enhanced their capacity to absorb and process illicit funds,� said Redbord.
- The Record: Experts from multiple blockchain security companies said that North Korean hackers were able to move all of the ETH coins stolen from Bybit to new addresses — the first step taken before the funds can be laundered further
- The Record: Experts from multiple blockchain security companies said that North Korean hackers were able to move all of the ETH coins stolen from Bybit to new addresses — the first step taken before the funds can be laundered further
- Know Your Adversary: News item discussing the massive Bybit crypto theft, potentially the largest in history.
- Metacurity: Lazarus Group hackers have laundered 100% of the $1.4 billion they stole from Bybit
- infosec.exchange: The (allegedly North Korean) hackers behind the Bybit crypto heist have already laundered all the stolen Ethereum, which was worth $1.4 billion.
SC Staff@scmagazine.com
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North Korean state-sponsored hackers have been identified as the perpetrators behind cryptocurrency heists totaling over $659 million in 2024. A joint statement from the United States, Japan, and South Korea warns the blockchain industry about these escalating cyber threats, which target not only exchanges and custodians but also individuals. The attacks have used increasingly sophisticated methods, including fake job postings to infiltrate companies, allowing threat actors to deploy malware and conduct social engineering attacks, with the Lazarus Group being identified as a key player in these operations.
The cyberattacks resulted in major losses for various cryptocurrency exchanges and platforms, including $308 million from DMM Bitcoin, $50 million each from Upbit and Radiant Capital, and $16.13 million from Rain Management. Additionally, the joint statement confirmed North Korea was responsible for a $235 million attack on WazirX, an Indian cryptocurrency exchange, in July 2024. These operations are believed to be aimed at funding North Korea's weapons programs, highlighting the international financial impact of the nation's cyber activities.
Recommended read:
References :
- techcrunch.com: North Korea stole over $659M in crypto heists during 2024, deployed fake job seekers
- www.scworld.com: North Korean crypto heist toll exceeded $659M in 2024
- cryptobriefing.com: US, Japan, and South Korea warn blockchain industry of North Korea’s ongoing cyber threats
- The Verge: North Korea linked to crypto heists of over $650 million in 2024 alone
- : SecurityScorecard : North Korean state-sponsored APT Lazarus (Group) is targeting software developers looking for freelance Web3 and cryptocurrency work in what SecurityScorecard calls Operation 99.
@The DefendOps Diaries
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US authorities have seized over $23 million in cryptocurrency linked to the theft of $150 million from a Ripple crypto wallet in January 2024. Investigators believe hackers who breached LastPass in 2022 were behind the attack. This seizure follows findings published in September 2023 by KrebsOnSecurity, which highlighted a series of six-figure cyberheists stemming from cracked master passwords stolen from LastPass in 2022.
The investigation, which includes collaboration between the U.S. Secret Service and the FBI, supports the conclusion that the attackers used a stolen password from an online password manager account to access and steal funds from the Ripple co-founder Chris Larsen’s crypto wallet. Approximately $24 million was initially frozen by authorities before it could be withdrawn, marking a significant step in recovering the stolen assets. The meticulous tracking of the stolen funds across various cryptocurrency exchanges, including OKX, Kraken, and WhiteBIT, played a crucial role in the recovery efforts.
Recommended read:
References :
- bsky.app: US authorities have seized over $23 million in cryptocurrency linked to the theft of $150 million from a Ripple crypto wallet in January 2024. Investigators believe hackers who breached LastPass in 2022 were behind the attack.
- krebsonsecurity.com: In September 2023, KrebsOnSecurity published findings from security researchers who concluded that a series of six-figure cyberheists across dozens of victims resulted from thieves cracking master passwords stolen from the password manager service LastPass in 2022.
- The DefendOps Diaries: Explore the $23M Ripple wallet hack linked to LastPass breach, highlighting cybersecurity vulnerabilities and law enforcement efforts.
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