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90 North Korea's Unprecedented $1.5 Billion Crypto Heist Exploited Human Element, Not Code

Slashdot
msmash @ Slashdot 2 place · today 07:00 EDT

North Korea's Unprecedented $1.5 Billion Crypto Heist Exploited Human Element, Not Code

North Korean hackers have executed the largest cryptocurrency theft in history, draining $1.5 billion from Dubai-based exchange Bybit by compromising its multisignature cold wallet system. The attackers stole over 400,000 ethereum and staked ethereum coins without exploiting code vulnerabilities or infrastructure.

Security researchers from Elliptic identified North Korean signatures in the subsequent laundering operations, consistent with the nation's ongoing cryptocurrency theft operations that fund its.

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