The FBI has attributed the theft of around $1.5 billion in virtual assets from the cryptocurrency exchange ByBit to North Korean cybercriminals, referred to as TraderTraitor. This group is known for their swift actions in converting stolen assets into bitcoin and dispersing them across various blockchain addresses. It is anticipated that these assets will further undergo laundering and conversion to fiat currency. ByBit, a prominent exchange with over 60 million users, has also reported that hackers accessed and transferred assets from an ether wallet, marking this incident as a significant event in digital theft history.
The FBI revealed that North Korea is behind a massive $1.5 billion theft from cryptocurrency exchange ByBit, dubbed TraderTraitor, involving rapid asset conversion and laundering.
ByBit, a major cryptocurrency platform serving over 60 million users, confirmed an attacker gained control of its ether wallet, exacerbating the fallout of this historic theft.
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