FBI Accuses North Korea's TraderTraitor Group of $1.5 Billion Bybit Crypto Theft in Largest Heist on February 21, 2025

The Federal Bureau of Investigation (FBI) has officially accused North Korea of orchestrating the largest cryptocurrency theft in history, stealing approximately $1.5 billion in virtual assets from the cryptocurrency exchange Bybit. The heist occurred on February 21, 2025, and was carried out by a North Korean hacker group known as TraderTraitor, also referred to as the Lazarus Group.

The FBI has urged private sector entities, including exchanges and blockchain service providers, to block transactions associated with the stolen funds, which are believed to have been converted into Bitcoin and dispersed across various blockchain addresses. This incident marks a significant escalation in North Korea's cyber activities, as the FBI continues to monitor the laundering of the stolen assets.

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