FBI Accuses North Korean Hackers of Bybit Attack, Urges Crypto Firms to Block Linked Transactions

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The FBI has identified North Korean hackers as responsible for a massive cyberattack on Dubai-based crypto exchange Bybit. The agency is urging crypto firms to actively assist in preventing the stolen funds from being laundered.

Bybit CEO Ben Zhou revealed that a breach of an offline Ethereum wallet led to the theft of almost $1.5 billion. The attack, which occurred earlier this month, saw a hacker gain unauthorized access and control.

Arkham Intelligence reported that the stolen cryptocurrency is already being moved to different addresses to facilitate its liquidation. The FBI’s public announcement on February 26th highlighted the ongoing investigation and the need for industry cooperation to mitigate the impact of this significant security breach.

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