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, a major cryptocurrency exchange based in Dubai recently announced it had been hacked, losing $1.5 billion worth of the cryptocurrency Ethereum in the largest cryptocurrency theft of all time. Putting it into perspective,

Researchers spot the stolen funds moving through cryptocurrency wallets that were used in earlier heists attributed to North Korea's Lazarus hacking group.

Some $1.5 billion in crypto was stolen from the Bybit exchange - sparking fear across the crypto-verse. This was the biggest crypto theft since $611 million vanished from Poly Net

Despite this being the biggest heist in crypto’s history, Zhou noted the company remains solvent and is under no existential threat, and commended the industry’s big players,

Bybit Faces Unprecedented Industry Response A major cryptocurrency exchange, Bybit, has suffered a massive security breach, leading to the theft of approximately $1.5 billion worth of Ethereum. The incident took place late Friday evening when hackers exploited a routine transfer of funds from a secure offline wallet to a daily-use wallet.