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North Korean Hackers Steal $1.4 Billion from Bybit

3/5/2025

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Summary

Story summary

On February 21, 2025, North Korean hackers executed a staggering heist, stealing $1.4 billion from the Bybit crypto exchange—the largest theft ever recorded. In a swift move, they laundered nearly all the funds within ten days. However, experts assert that 77% of the stolen assets remain traceable, prompting ongoing recovery efforts led by the FBI.

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Story summary

On February 21, 2025, North Korean hackers executed a staggering heist, stealing $1.4 billion from the Bybit crypto exchange—the largest theft ever recorded. In a swift move, they laundered nearly all the funds within ten days. However, experts assert that 77% of the stolen assets remain traceable, prompting ongoing recovery efforts led by the FBI.