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North Korea, crypto and Bybit hack

Hosted on MSN · 37m

North Korea’s $1.5 billion crypto hack exposes bitcoin’s weakness

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.

The Hill on MSN · 1d

North Korean hackers behind $1.5 billion crypto hack: Security firm

North Korean hackers were behind a sophisticated hack that stole about $1.5 billion worth of digital currency from Bybit, a major cryptocurrency exchange, according to security firm TRM. “TRM has

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

TechCrunch · 16m

Hacked crypto exchange Bybit offers $140 million bounty to trace stolen funds

Bybit has already paid more than $4 million to bounty hunters who helped trace and freeze some of the stolen funds.

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.

Markets Insider on MSN · 3d

What we know about the $1.5 billion Bybit crypto hack

Ben Zhou, Bybit's CEO, said that the hack had affected around 401,000 Ethereum and sparked a surge in withdrawal requests.

1don MSN

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 ...

Bybit Releases Forensic Report Linking $1.5B Hack to Safe Wallet Compromise

Bybit's forensic report reveals that a $1.5 billion hack was facilitated by a vulnerability in Safe{Wallet}'s infrastructure.

18hon MSN

Bitcoin price plunge to $87K ‘not unexpected’ after Bybit hack: Expert

Bitcoin is currently trading at a price of $87,261, a dramatic reversal for the world’s largest cryptocurrency that some ...

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 ...

4d

Big Day for Crypto Goes South in a Hurry After a Giant Hack

Hours after Coinbase said the S.E.C. was dropping a lawsuit against it, another major cryptocurrency exchange reported a ...

4don MSN

Mark Cuban says Bybit’s $1.4B hack has ‘no implications’ for crypto but raises one concern

Mark Cuban dismisses Bybit’s $1.4 billion hack as having "no implications" for crypto but questions whether the exchange has ...

6hon MSN

Crypto Scams Are Costing People Millions. Here's How to Invest Safely.

Cryptocurrencies are incredibly safe data storage systems. They keep a detailed ledger of transactions wide open to the ...

3hon MSN

Crypto neo-privateers could be the solution to hacks

A modern privateer program would protect American entrepreneurs, enhance national security interests and play an key role in ...

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