North Korean hackers, reportedly from the Lazarus Group, have executed a significant cryptocurrency theft, stealing approximately $1.5 billion from an Ethereum wallet associated with the exchange platform Bybit. To date, they have managed to convert around $300 million into cash. This breach exploited vulnerabilities in Bybit's security infrastructure, leading to a notable decline in Ethereum's market value.
Such happenings bring lots of questions. Is crypto safe ? Is it still decentralized ? (Govts opting to reserve crypto)