Risky Bulletin Newsletter
February 24, 2025
Risky Bulletin: North Korean hackers steal $1.5 billion from Bybit
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News Editor
North Korean hackers have stolen over $1.5 billion worth of crypto assets from Bybit, the world's second-largest cryptocurrency exchange.
The incident represents the largest crypto-heist in history (and the largest heist of any kind as well) and is almost 2.5 times larger than the previous leader—the theft of $625 million from the Ronin Network in April 2022.
The hack took place on Friday, February 21, and is considered one of the most complex crypto-heists ever pulled.