Largest crypto heist in history: Who ‘stole’ $1.5 bn worth of digital assets? FBI names North Korea
Trending News
3 weeks, 3 days ago

Largest crypto heist in history: Who ‘stole’ $1.5 bn worth of digital assets? FBI names North Korea

Firstpost  

The US Federal Bureau of Investigation has accused North Korea of orchestrating the theft of $1.5 billion in digital assets last week, marking the largest cryptocurrency heist ever recorded. File image/ Reuters The US Federal Bureau of Investigation on Wednesday accused North Korea of being behind the theft of $1.5 billion worth of digital assets last week, the largest crypto heist in history. “ was responsible for the theft of approximately $1.5 billion USD in virtual assets from cryptocurrency exchange, Bybit,” the FBI said in a public service announcement. A United Nations panel on North Korea’s evasion of sanctions last year estimated the nation has stolen more than $3 billion in cryptocurrency since 2017.

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History of this topic

How North Korea pulled off the biggest heist in history
Trending News
3 weeks, 2 days ago

How North Korea pulled off the biggest heist in history

The Independent  

Just after 2pm last Friday, a notorious group of hackers – responsible for some of the worst cybercrimes of the 21st century – pulled off what may well be their magnum opus. open image in gallery The Lazarus Group, operating out of North Korea, is believed to be behind the theft of $1.46 billion of cryptocurrency from the leading exchange …

North Korea behind $1.5 billion crypto theft, FBI says
Top News
3 weeks, 3 days ago

North Korea behind $1.5 billion crypto theft, FBI says

Raw Story  

The U.S. Federal Bureau of Investigation on Wednesday accused North Korea of being behind the theft of $1.5 billion worth of digital assets last week, the largest crypto heist in history. was responsible for the theft of approximately $1.5 billion USD in virtual assets from cryptocurrency exchange, Bybit," the FBI said in a public service announcement. Lazarus Group gained notoriety …

FBI accuses North Korean-backed hackers of stealing $1.5 billion in crypto from Dubai-based firm
3 weeks, 3 days ago

FBI accuses North Korean-backed hackers of stealing $1.5 billion in crypto from Dubai-based firm

Associated Press  

ROME — The FBI has accused North Korean-linked hackers of conducting one of the largest thefts of cryptocurrency publicly known, seizing some $1.5 billion worth of ethereum from a Dubai-based firm. FBI issues warning linking Pyongyang to theft In an online public service announcement late Wednesday, the FBI said it believed the North Korean-backed hackers were “responsible for the theft.” …

North Korea behind $1.5 billion crypto theft, FBI says
3 weeks, 3 days ago

North Korea behind $1.5 billion crypto theft, FBI says

The Hindu  

The U.S. Federal Bureau of Investigation on Wednesday accused North Korea of being behind the theft of $1.5 billion worth of digital assets last week, the largest crypto heist in history. “ was responsible for the theft of approximately $1.5 billion in virtual assets from cryptocurrency exchange, Bybit,” the FBI said in a public service announcement. Lazarus Group gained notoriety …

North Korea behind $1.5 billion crypto theft: FBI
3 weeks, 3 days ago

North Korea behind $1.5 billion crypto theft: FBI

Deccan Chronicle  

Washington: The US Federal Bureau of Investigation on Wednesday accused North Korea of being behind the theft of $1.5 billion worth of digital assets last week, the largest crypto heist in history. " was responsible for the theft of approximately $1.5 billion USD in virtual assets from cryptocurrency exchange, Bybit," the FBI said in a public service announcement. It said …

How North Korea pulled off the biggest heist in history
Trending News
3 weeks, 3 days ago

How North Korea pulled off the biggest heist in history

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Funds stolen by the Lazarus Group have reportedly been used to fund North …

'North Korean hackers' carry out 'the largest theft of all time' in $1.5 BILLION crypto heist
3 weeks, 4 days ago

'North Korean hackers' carry out 'the largest theft of all time' in $1.5 BILLION crypto heist

Daily Mail  

Hackers believed to be from North Korea have stolen around $1.5 billion worth of cryptocurrencies in what has been called the biggest crypto heist of all time. Blockchain research firm Elliptic said the hack was more than double the last-biggest crypto heist and 'is almost certainly the single largest known theft of any kind in all time.' The Lazarus Group, …

Mint Quick Edit | $1.5 billion crypto heist: Can the case be cracked?
3 weeks, 5 days ago

Mint Quick Edit | $1.5 billion crypto heist: Can the case be cracked?

Live Mint  

In what is being described as the largest ever theft of cryptocurrency, Ethereum worth $1.5 billion was stolen by hackers from Dubai-based exchange Bybit last week. This exceeds the previous reported record of $620 million of Ethereum and USD Coin stolen from Ronin Network in 2022. Who carried out the latest heist is unknown, but Bybit has assured its users …

North Korean hackers steal record $1.5 billion in single crypto hack, security firm says
3 weeks, 6 days ago

North Korean hackers steal record $1.5 billion in single crypto hack, security firm says

CNN  

CNN — North Korean hackers have stolen $1.5 billion in cryptocurrency in a single heist, making it the largest crypto hack on record, security experts told CNN. And over the weekend, the hackers were already laundering about $160 million of the stolen loot through a series of accounts connected to North Korean operatives, according to crypto-tracing firm TRM Labs. North …

World's largest crypto theft reported at Bybit; ₹13,000-crore Ethereum stolen
1 month ago

World's largest crypto theft reported at Bybit; ₹13,000-crore Ethereum stolen

Hindustan Times  

The world's largest cryptocurrency hack has been reported at Dubai-based exchange Bybit. The world's largest cryptocurrency hack has been reported at Dubai-based Bybit, with cryto worth ₹ 13,000 crore being reported stolen. Bybit CEO and Founder Ben Zhou assured customers that their “funds are safe” and said that the company has launched a refund program for affected users. India's largest …

Hackers steal $1.5bn from crypto exchange Bybit
Trending News
1 month ago

Hackers steal $1.5bn from crypto exchange Bybit

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Bybit said Friday that a routine transfer of Ethereum, one of the most popular cryptocurrencies, between digital …

$1.4 Billion Stolen From ByBit in Biggest Crypto Theft Ever
1 month ago

$1.4 Billion Stolen From ByBit in Biggest Crypto Theft Ever

Wired  

As the so-called Department of Government Efficiency continues to rampage through the United States government by making sweeping cuts to the federal workforce, numerous ongoing lawsuits allege that the group’s access to sensitive data violates the Watergate-inspired Privacy Act of 1974 and that it needs to halt its activity. Meanwhile, DOGE cut staff this week at the Department of Homeland …

Cryptocurrency exchange says it was victim of $1.5 billion hack
1 month ago

Cryptocurrency exchange says it was victim of $1.5 billion hack

Associated Press  

A major cryptocurrency exchange says it was the victim of a sophisticated hack that stole about $1.5 billion worth of digital currency, marking one of the biggest online thefts of all time. Bybit said Friday that a routine transfer of Ethereum, one of the most popular cryptocurrencies, between digital wallets was “manipulated” by an attacker who transferred the crypto to …

Crypto funds stolen in 2024 up by almost 21.07% to hit $2.2 billion: Report
3 months ago

Crypto funds stolen in 2024 up by almost 21.07% to hit $2.2 billion: Report

The Hindu  

The volume of stolen crypto funds and the number of hacking incidents has risen in 2024, according to a report by blockchain analytics firm Chainalysis. According to the report, stolen crypto funds spiked by approximately 21.07% year-over-year to reach a volume of $2.2 billion. Chainalysis in its report noted a tendency this year for hackers to also target centralised services …

North Korean hackers account for over 60% of all global cryptocurrency stolen in 2024
3 months ago

North Korean hackers account for over 60% of all global cryptocurrency stolen in 2024

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy North Korean hackers have stolen …

Is North Korea the superpower in cyberattacks?
3 months, 3 weeks ago

Is North Korea the superpower in cyberattacks?

India Today  

North Korea is making headlines for large-scale cyberattacks it has carried out worldwide. A United Nations panel of experts suggested North Korea stole virtual assets worth $3 billion through 58 cyberattacks on cryptocurrency platforms between 2017 and 2023. “Despite better law enforcement, strict regulatory guidelines, and a sanctioning regime in the US cryptocurrency ecosystem, North Korean hackers continue with their …

North Korea hackers behind 2019 $42 mln Ethereum heist, South Korea police say
4 months ago

North Korea hackers behind 2019 $42 mln Ethereum heist, South Korea police say

Hindustan Times  

SEOUL, - South Korean police said on Thursday an investigation confirmed that hackers linked to North Korea's military intelligence agency were responsible for an Ethereum cryptocurrency heist in 2019, worth 58 billion won at the time. North Korea hackers behind 2019 $42 mln Ethereum heist, South Korea police say More than half of the stolen assets were laundered through three …

'Bitcoin’s biggest heist': How did Ilya Lichtenstein pull off the $10 billion cyber theft?
4 months, 1 week ago

'Bitcoin’s biggest heist': How did Ilya Lichtenstein pull off the $10 billion cyber theft?

Firstpost  

Ilya Lichtenstein and his wife, Heather Morgan, executed one of the ‘largest Bitcoin thefts’ in history, draining 120,000 bitcoins from Bitfinex in 2016. Lichtenstein’s wife, Heather Morgan, also known by her rap alias “Razzlekhan,” initially unaware of the hack, later became a crucial accomplice. Prosecutors noted, “Over half a decade, the defendant engaged in what IRS agents described as the …

North Korea is behind cyberattacks worth $US3 billion and is stealing cryptocurrency to fund weapons programs, UN report finds
1 year ago

North Korea is behind cyberattacks worth $US3 billion and is stealing cryptocurrency to fund weapons programs, UN report finds

ABC  

In short: The United Nations is investigating cyberattacks worth $US3 billion allegedly orchestrated by North Korea. North Korea is reportedly stealing cryptocurrency to help fund its nuclear weapons program, a UN report has found, with investigations underway into cyberattacks valued at $US3 billion linked to the country. While the last known nuclear test in North Korea took place in 2017, …

Crypto phishing scams deplete approximately USD 300 million from 320,000 users in 2023
1 year, 2 months ago

Crypto phishing scams deplete approximately USD 300 million from 320,000 users in 2023

India TV News  

Wallet drainers are one of the known malware which is related to cryptocurrency. A new report has recently revealed that the malware has stolen USD 295 million in cryptocurrencies from about 324,000 victims in 2023. The researchers said, "Over the past year, phishing activities have steadily increased each month with phishing scammers employing more sophisticated tactics to evade security measures.” …

Crypto haven: Why the US govt has a $5 billion stash in bitcoin
1 year, 5 months ago

Crypto haven: Why the US govt has a $5 billion stash in bitcoin

Live Mint  

The U.S. government is one of the world’s biggest holders of bitcoin, but unlike other crypto whales, it doesn’t care if the digital currency goes up or down in value. Three recent seizures alone put more than 200,000 bitcoin in the government’s coffers, according to an analysis of public filings by crypto firm 21.co. The U.S. government didn’t seize any …

Inside the international sting operation to catch North Korean crypto hackers
1 year, 11 months ago

Inside the international sting operation to catch North Korean crypto hackers

CNN  

Watch Alex Marquardt’s report on the sting operation on Erin Burnett OutFront on Monday, April 10, at 7 p.m. CNN — A team of South Korean spies and American private investigators quietly gathered at the South Korean intelligence service in January, just days after North Korea fired three ballistic missiles into the sea. Rodong Sinmun The sting operation, described to …

Kim Jong-un reappears in public on eve of military parade, ordering North Korea to ‘prepare for war’
2 years, 1 month ago

Kim Jong-un reappears in public on eve of military parade, ordering North Korea to ‘prepare for war’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy North Korea’s leader Kim Jong-un …

2022 was record year for North Korean crypto theft
2 years, 1 month ago

2022 was record year for North Korean crypto theft

Al Jazeera  

United Nations report seen by Reuters says hackers have adopted increasingly sophisticated techniques and thefts are harder to track. “A higher value of cryptocurrency assets was stolen by DPRK actors in 2022 than in any previous year,” the monitors wrote in their report — submitted to the 15-member council’s North Korea sanctions committee on Friday — citing information from UN …

North Korea behind $100m crypto theft, FBI says
2 years, 1 month ago

North Korea behind $100m crypto theft, FBI says

Al Jazeera  

California-based Harmony said in June it had been the target of a cyberattack that stole $100m worth of digital assets. North Korean hackers were behind the theft of $100m worth of digital assets from a US crypto firm last year, according to United States law enforcement. North Korean cyber actors earlier this month used privacy protocol Railgun to launder more …

The Implications of FTX’s Collapse for North Korea
2 years, 2 months ago

The Implications of FTX’s Collapse for North Korea

The Diplomat  

In November 2022, one of the world’s largest cryptocurrency exchanges, FTX, collapsed. While the sudden implosion of FTX sent shockwaves through the cryptocurrency industry, its demise also has implications for North Korea’s ability to continue to exploit weaknesses in the virtual asset ecosystem. The U.N. Panel of Experts has noted that funds acquired from stolen cryptocurrency “remain an important revenue …

Seoul: North Korean hackers stole $1.2B in virtual assets
2 years, 3 months ago

Seoul: North Korean hackers stole $1.2B in virtual assets

Associated Press  

SEOUL, South Korea — North Korean hackers have stolen an estimated 1.5 trillion won in cryptocurrency and other virtual assets in the past five years, more than half of it this year alone, South Korea’s spy agency said Thursday. South Korea’s main spy agency, the National Intelligence Service, said North Korea’s capacity to steal digital assets is considered among the …

North Korean hackers used Itaewon tragedy for malware: Google
2 years, 3 months ago

North Korean hackers used Itaewon tragedy for malware: Google

Al Jazeera  

Google’s anti-hacking unit says state-backed hackers exploited the Halloween disaster to target internet users with malware. North Korean hackers exploited South Korea’s deadly Halloween crowd crush to target internet users with malware, according to a report by Google’s anti-hacking unit. The state-backed hackers planted malicious software in Microsoft Office documents disguised to look like a South Korean government report on …

Here’s how North Korean operatives are trying to infiltrate US crypto firms
2 years, 8 months ago

Here’s how North Korean operatives are trying to infiltrate US crypto firms

CNN  

Washington CNN — Devin, the founder of a cryptocurrency startup based in San Francisco, woke up one day in February to the most bizarre phone call of his life. “He was a good contributor,” Devin lamented, puzzled by the man who had claimed to be Chinese and passed multiple rounds of interviews to get hired.. Devin’s encounter is just one …

North Korea may be behind new $100 million crypto hack, experts say
2 years, 8 months ago

North Korea may be behind new $100 million crypto hack, experts say

The Hindu  

North Korean hackers are most likely behind an attack last week that stole as much as $100 million in cryptocurrency from a U.S. company, three digital investigative firms have concluded. “Preliminarily this looks like a North Korean hack based on transaction behaviour,” said Nick Carlsen, a former FBI analyst who now investigates North Korea’s cryptocurrency heists for TRM Labs, a …

North Korean hackers target Axie Infinity game players in $US620m crypto heist, FBI says
2 years, 11 months ago

North Korean hackers target Axie Infinity game players in $US620m crypto heist, FBI says

ABC  

North Korean-tied hackers were responsible for a $US620 million cryptocurrency heist last month that targeted players of the popular Axie Infinity game, US authorities said Thursday. Key points: The $US620 million hack in March was the biggest to hit the crypto world The FBI says its investigation points to hackers associated with North Korea Hackers exploited weaknesses stemming from a …

Crypto’s biggest hacks and heists
2 years, 11 months ago

Crypto’s biggest hacks and heists

The Hindu  

Hackers have stolen cryptocurrency worth almost $615 million from a blockchain project linked to the popular online game Axie Infinity, in the latest cyberheist to hit the digital asset sector. Ronin, a network that allows the transfer of crypto coins across different blockchains, said on Tuesday that hackers stole on March 23 some 173,600 ether tokens and 25.5 million USD …

Justice Dept. announces $3.6B crypto seizure, 2 arrests
3 years, 1 month ago

Justice Dept. announces $3.6B crypto seizure, 2 arrests

Associated Press  

WASHINGTON — The Justice Department announced Tuesday its largest-ever financial seizure — more than $3.6 billion — and the arrests of a New York couple accused of conspiring to launder billions of dollars in cryptocurrency stolen from the 2016 hack of a virtual currency exchange. We can and we will follow the money, no matter what form it takes,” Deputy …

Justice Dept. announces $3.6B crypto seizure, 2 arrests
3 years, 1 month ago

Justice Dept. announces $3.6B crypto seizure, 2 arrests

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Justice Department announced Tuesday …

North Korean hackers stole $550m worth of cryptocurrency in 2021, report says
3 years, 2 months ago

North Korean hackers stole $550m worth of cryptocurrency in 2021, report says

ABC  

North Korea launched at least seven attacks on cryptocurrency platforms in 2021, extracting nearly $US400 million worth of digital assets, one of its most successful years on record, blockchain analysis firm Chainalysis says in a new report. Key points: Chainalysis did not identify all the targets of the hacks North Korea has not responded to the report yet The United …

North Korean hackers stole $400 million in cryptocurrency in 2021
3 years, 2 months ago

North Korean hackers stole $400 million in cryptocurrency in 2021

The Hindu  

North Korea launched at least seven attacks on cryptocurrency platforms that extracted nearly $400 million worth of digital assets last year, one of its most successful years on record, blockchain analysis firm Chainalysis said in a new report. Last year, the United States charged three North Korean computer programmers working for the country's intelligence service with a massive, years-long hacking …

North Korea stole $400 million of crypto in 2021: Report
3 years, 2 months ago

North Korea stole $400 million of crypto in 2021: Report

Live Mint  

North Korea’s hacker army launched at least seven attacks on cryptocurrency platforms in 2021 that menaced global players and netted the reclusive state almost $400 million worth of digital assets, a report said. The U.S. and the United Nations Security Council have said the country’s cyber crimes help finance North Korea’s nuclear arms program and prop up an economy hobbled …

North Korean hackers stole $400m in crypto last year: report
3 years, 2 months ago

North Korean hackers stole $400m in crypto last year: report

Al Jazeera  

Analysis firm says North Korean-linked hacks jumped from four in 2020 to seven in 2021. North Korea launched at least seven attacks on cryptocurrency platforms that extracted nearly $400m worth of digital assets last year, one of its most successful years on record, blockchain analysis firm Chainalysis said in a new report. “From 2020 to 2021, the number of North …

North Korean Hackers Stole Nearly $400 Million in Crypto Last Year
3 years, 2 months ago

North Korean Hackers Stole Nearly $400 Million in Crypto Last Year

Wired  

The past year saw a breathtaking rise in the value of cryptocurrencies like Bitcoin and Ethereum, with Bitcoin gaining 60 percent in value in 2021 and Ethereum spiking 80 percent. North Korean hackers stole a total of $395 million worth of crypto coins last year across seven intrusions into cryptocurrency exchanges and investment firms, according to blockchain analysis firm Chainalysis. …

The U.S. Has Released the Most Comprehensive Catalog of North Korean Cybercrimes Ever Made Public
55 years, 2 months ago

The U.S. Has Released the Most Comprehensive Catalog of North Korean Cybercrimes Ever Made Public

Slate  

North Korea has always been a bit of an outlier among the countries that make extensive use of offensive cyber capabilities. But a December indictment unsealed this week by the Department of Justice makes clear just how central financial gain is to North Korea’s cyber activities. The indictment charges three hackers who work for the North Korean Reconnaissance General Bureau …

How an Elaborate North Korean Crypto Heist Fell Apart
5 years ago

How an Elaborate North Korean Crypto Heist Fell Apart

Wired  

At the end of 2018, North Korea carried out a heist. The scheme used North Korean infrastructure to purchase 8,823 Apple iTunes gift cards for $1,448,694, created false identities, and built a sophisticated network of transactions. The crypto exchange hack is one of four that have been blamed on North Korean actors, most recently by the United Nations. According to …

South Korea Blames North For Stealing Cryptocurrency Worth Billions of Won in 2017
7 years, 1 month ago

South Korea Blames North For Stealing Cryptocurrency Worth Billions of Won in 2017

News 18  

South Korea said on Monday that North Korea last year stole cryptocurrency from the South worth billions of won and that it was still trying to hack into its exchanges. “North Korea sent emails that could hack into cryptocurrency exchanges and their customers’ private information and stole worth billions of won," said Kim Byung-kee, a member of South Korea’s parliamentary …

Massive cryptocurrency heist spurs calls for more regulation
7 years, 1 month ago

Massive cryptocurrency heist spurs calls for more regulation

Live Mint  

Tokyo/Singapore: At 2:57 am on Friday morning in Tokyo, someone hacked into the digital wallet of Japanese cryptocurrency exchange Coincheck Inc. and pulled off one of the biggest heists in history. Coincheck, one of Japan’s biggest cryptocurrency exchanges, will use its own capital to reimburse customers who lost money in the theft, according to a statement posted on its website …

North Korean hackers behind attacks on cryptocurrency exchanges: report
7 years, 3 months ago

North Korean hackers behind attacks on cryptocurrency exchanges: report

Live Mint  

Seoul: South Korea’s spy agency said North Korean hackers were behind attacks on cryptocurrency exchanges this year in which some 7.6 billion won worth of cryptocurrencies were stolen, a newspaper reported on Saturday. The cyber attacks attributed to North Korean hackers also included the leaking of personal information from 36,000 accounts from the world’s busiest cryptocurrency exchange Bitthumb in June, …

US 'may accuse North Korea in Bangladesh cyber heist'
8 years ago

US 'may accuse North Korea in Bangladesh cyber heist'

Daily Mail  

US prosecutors are building potential cases that would accuse North Korea of directing the theft of $81million from Bangladesh Bank's account at the Federal Reserve Bank of New York last year. The Journal, citing people familiar with the matter, reported that prosecutors believe Chinese middlemen helped North Korea orchestrate the theft from Bangladesh's central bank, which was among the biggest …

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