#BybitSecurityBreach $ETH Now you know why EU is more reserved about making crypto part of their central bank reserves. It’s too risky for now. It’s impossible to hack gold. Fiat currencies can always be traced and recovered by governments.

Although there is no definite conclusion so far, according to Elliptic, it is possible that North Korea’s Lazarus Group, a state-sponsored hacking group did this. For state actors it is much easier for them to cash out such large amount of ETH assets. This could also explain why their leader continues to enjoy luxurious life despite harsh sanctions while the grassroots suffer.

This security breach drags down overall crypto prices. But the future is still bright.