The FBI announced that North Korea was responsible for stealing approximately $1.5 billion in virtual assets from cryptocurrency exchange ByBit in a cyber activity referred to as “TraderTraitor.” The agency stated that the stolen assets have been converted to bitcoin and other virtual assets across multiple addresses on various blockchains. It is expected that the assets will be further laundered and converted into fiat currency. ByBit confirmed that an attacker gained control of an ether wallet and transferred the holdings to an unidentified address. The exchange has over 60 million users globally and offers access to multiple cryptocurrencies, including bitcoin and ether. The FBI’s announcement sheds light on the growing threat of cyber attacks on cryptocurrency exchanges, with North Korea being identified as a key actor in this case. The incident highlights the importance of cybersecurity measures to protect digital assets from malicious actors and underscores the need for increased vigilance in the rapidly evolving landscape of virtual currencies.
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