Back to today’s briefing

Story perspectives

FBI Links $1.5B ByBit Heist to North Korean Hackers

2/27/2025

36 5

Summary

Story summary

The FBI linked a $1.5 billion theft from ByBit to North Korean cyber activity, termed "TraderTraitor."
Stolen assets were converted to bitcoin and spread across various blockchain addresses.
ByBit reported that an attacker accessed an ether wallet and transferred funds to an unknown location.
The exchange currently serves over 60 million users worldwide.

1 of 1

Story summary

The FBI linked a $1.5 billion theft from ByBit to North Korean cyber activity, termed "TraderTraitor."
Stolen assets were converted to bitcoin and spread across various blockchain addresses.
ByBit reported that an attacker accessed an ether wallet and transferred funds to an unknown location.
The exchange currently serves over 60 million users worldwide.