North Korea’s Lazarus Group pulled off the $1.5B Bybit hack, making it the biggest crypto heist ever. Here’s how they did it—and what’s next.

Cryptocurrency exchange Bybit said last week hackers had stolen digital tokens worth around $1.5 billion, in what researchers called the biggest crypto heist of all time.

State-sponsored North Korean hackers stole $1.5 billion in crypto from a Dubai exchange. The heist is the biggest in history and comes as the Korean economy continues to vastly underperform. The value of that haul,

The FBI referred to the attack as “TraderTraitor,” a malicious campaign linked to North Korean state-sponsored hackers the Lazarus Group.

Cybersecurity researchers quickly concluded that the era of giant digital-asset heists had entered a new and potentially ruinous phase following the theft.

Researchers spot the $1.4 billion stolen from Bybit moving through cryptocurrency wallets that were used in earlier heists attributed to North Korea's Lazarus hacking group.

North Korea is behind the massive crypto hack, according to several blockchain monitoring firms and a well-known researcher

North Korea has gotten away with its biggest crypto heist yet, this time stealing approximately $1.4 billion worth of Ethereum, about 400,000 coins, from the cryptocurrency exchange ByBit. The company’s CEO Ben Zhou on Monday said the company was able to raise new funding to fill the gap and that ByBit can cover all withdrawals,

North Korean hackers took just two minutes to make off with $1.5bn (£1.2bn) in cryptocurrency, cyber security researchers believe, in the single biggest heist in history.

Bybit clients withdrew almost $4 billion within two days of the attack; the company recovered just 3% of the total of the stolen crypto assets