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Kathmandu. The US Federal Bureau of Investigation (FBI) has accused North Korea of stealing $1.5 billion in digital assets last week.
It is the largest crypto theft in history. “North Korea was responsible for the theft of approximately $1.5 billion worth of virtual assets from the cryptocurrency exchange, Bybit,” the FBI said in a public service announcement.
The bureau said a group of traders, also known as the Lazarus Group, were involved in the theft. “They are moving at a rapid pace and have already converted some of the stolen assets into Bitcoin and other virtual assets that are spread across thousands of addresses across multiple blockchains,” the bureau said. “These assets are expected to be further laundered and eventually converted into fiat currency.”
Cryptocurrency firm Bybit said hackers stole $1.5 billion (£1.1 billion) worth of digital currency, in what it said could be the largest crypto heist in history. The founder of the Dubai-based company told users that their funds were “safe” and that it would compensate all those affected. However, the theft is expected to have a serious impact on the company.
The hacker reportedly stole its Ethereum coins from a digital wallet. Ethereum is the second-largest cryptocurrency by value after Bitcoin. The Lazarus Group gained notoriety a decade ago after it was accused of hacking Sony Pictures in retaliation for the release of the film “The Interview,” which mocked North Korean leader Kim Jong Un. North Korea’s cyber-warfare program dates back to at least the mid-1990s.
According to a 2020 US military report, it has since grown into a 6,000-member cyber-warfare unit called Bureau-121, which operates from multiple countries.
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