FBI Blames North Korea for $1.5 Billion ByBit Crypto Hack
The FBI attributed the theft of approximately $1.5 billion in cryptocurrency from ByBit exchange to North Korea’s “TraderTraitor” operation. Stolen assets, initially ether, have been converted into bitcoin and other cryptocurrencies, dispersed across numerous blockchain addresses. The FBI anticipates further laundering and eventual conversion to fiat currency. ByBit, a global exchange with over 60 million users, confirmed the breach involving the compromise of an ether wallet.
John Q. Hosedrinker