The FBI stated the North Korean authorities is “accountable” for the hack at crypto alternate Bybit, which resulted within the theft of greater than $1.4 billion in Ethereum cryptocurrency.
On Wednesday, the bureau launched a public advisory, attributing the hack to a gaggle referred to as TraderTraitor.
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“TraderTraitor actors are continuing quickly and have transformed among the stolen property to Bitcoin and different digital property dispersed throughout hundreds of addresses on a number of blockchains. It’s anticipated these property can be additional laundered and ultimately transformed to fiat foreign money,” the FBI wrote.
On February 21, Bybit stated it had been a sufferer of a heist the place hackers netted 401,346 Ethereum — round $1.4 billion on the time. Quickly after, safety corporations and researchers accused North Korean authorities hackers of the theft. Bybit has since launched a $140 million bounty to get assist tracing and freezing the stolen funds.
