This is WHY the MARKET is DOWN ⁉️
The $1.5 Billion Heist: How North Korean Hackers Struck Bybit ☠️
On February 21, 2025, hackers linked to North Korea’s Lazarus Group stole 401,000 Ethereum ($1.5 billion) from Dubai-based exchange Bybit. The attack targeted a Safe{Wallet} service used by Bybit, where hackers compromised a developer’s system. They manipulated a routine transfer from Bybit’s cold wallet to its warm wallet, redirecting funds to their own address. The stolen Ethereum was quickly converted to Bitcoin and spread across multiple addresses. Bybit assured users their funds were safe and launched a 10% bounty for information. Authorities are investigating, but this remains one of the largest crypto thefts in history.
