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Keyword: bybit

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  • Kim Jong Un’s sting: How North Korea orchestrated the biggest cyber heist in history

    04/05/2025 11:17:45 AM PDT · by EnderWiggin1970 · 49 replies
    El Pais ^ | 4/4/25 | Manuel G. Pascual
    It all happened overnight and in a matter of minutes. Ben Zhou, CEO of the cryptocurrency exchange Bybit, made a series of routine transfers from his home computer. A short while later, his company called to inform him that his reserves of Ethereum, the second most-used cryptocurrency after Bitcoin, worth $1.5 billion, had vanished. By then, the ethers had already been transferred to thousands of other people’s digital wallets. Bybit had just suffered the largest theft in history. Five days later, the FBI confirmed what some analysts suspected from the outset: the attack was the work of Lazarus, a hacking...
  • Cryptocurrency exchange says it was victim of $1.5 billion hack

    02/21/2025 10:20:52 PM PST · by Libloather · 26 replies
    A major cryptocurrency exchange says it was the victim of a sophisticated hack that stole about $1.5 billion worth of digital currency, marking one of the biggest online thefts of all time. Bybit said Friday that a routine transfer of Ethereum, one of the most popular cryptocurrencies, between digital wallets was “manipulated” by an attacker who transferred the crypto to an unidentified address. The company sought to reassure customers that their cryptocurrency holdings with the exchange were safe. The company added that news of the hack had led to a surge in withdrawal requests and there could be delays in...