3Mar
Bybit Cryptocurrency Exchange Hit by Unprecedented $1.4 Billion Hack
Posted by Cassius Montgomery in finance
In an unprecedented crypto exchange hack, Bybit has lost $1.46 billion to the notorious Lazarus Group of North Korea. This massive and sophisticated attack exploited weaknesses in cold wallet protocols via phishing methods. The stolen funds were spread across the blockchain and partially recovered with industry cooperation. The heist raises alarms on cryptocurrency security, demanding significant industry changes.
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