Crypto sleuths join hunt for $1.5bn stolen in biggest ever heist
A company which fell victim to what's thought to be the world's biggest ever theft is seeking to recover some of its losses by crowdsourcing online bounty hunters. Last week, hackers believed to be from North Korea's notorious Lazarus Group stole $1.46bn (£1.1bn) of cryptocurrency from ByBit, a crypto trading platform.
The biggest crypto heist ever: $1.5 billion stolen from Bybit cryptocurrency exchange
According to Bybit's holdings, that amounts to $1.5 billion in cryptocurrency that was stolen from Bybit and its customers, making this the largest ever cryptocurrency theft. However, as Molly White of Web3IsGoingGreat points out, the hacker can't exactly cash out $1.5 billion in Ethereum, because an amount that high would crash the value of ETH.
How hackers stole $1.5 billion in crypto from Bybit's cold wallet
Lazarus Group, hackers based in North Korea, tricked Bybit CEO Ben Zhou into approving a transfer of 400,000 ethereum tokens from his company's cold wallet.
$1.5B Hack of Bybit Might Be the Largest Crypto Heist Ever
Following the revelation Friday from cryptocurrency exchange firm Bybit that hackers stole digital tokens worth about $1.5 billion – in what may be the biggest crypto heist of all time – CEO Ben Zhou wrote on X Sunday that it has replenished its reserves. Bybit was able to do this through a mix of emergency loans and large deposits.
$1.4 Billion Bybit Crypto Heist Tied to North Korean Hackers
Researchers spot the stolen funds moving through cryptocurrency wallets that were used in earlier heists attributed to North Korea's Lazarus hacking group.
Factbox-Crypto's biggest hacks and heists after $1.5 billion theft from Bybit
Cryptocurrency exchange Bybit said last week hackers had stolen digital tokens worth around $1.5 billion, in what researchers called the biggest crypto heist of all time. Bybit CEO Ben Zhou said the crypto was taken from a "cold wallet" - a digital wallet usually stored offline and so supposedly more secure - that was used for ether tokens.
Bitcoin, Ether plunge after $1.5 billion crypto hack
Some $1.5 billion in crypto was stolen from the Bybit exchange - sparking fear across the crypto-verse. This was the biggest crypto theft since $611 million vanished from Poly Net
North Korea Stole $1.4 Billion in Largest Crypto Heist Ever, Researchers Say
North Korea has gotten away with its biggest crypto heist yet, this time stealing approximately $1.4 billion worth of Ethereum, about 400,000 coins, from the cryptocurrency exchange ByBit. The company’s CEO Ben Zhou on Monday said the company was able to raise new funding to fill the gap and that ByBit can cover all withdrawals,
Crypto exchange Bybit refills reserves after hackers steal a record $1.5 billion: CNBC Crypto World
On today's episode of CNBC Crypto World, crypto prices slip after a record-breaking hack of crypto exchange Bybit. Plus, Robinhood says the SEC has dismissed its investigation into the platform's crypto arm as the agency pivots to more crypto-friendly policy.
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Bybit Declares ‘War on Lazarus’ as It Crowdsources Effort to Freeze Stolen Funds
Hacked cryptocurrency exchange Bybit has declared a “war against Lazarus” and launched a new website tracking the group’s ...
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Bybit Wages 'War' on North Korean Hackers After $1.4 Billion Ethereum Theft
Bybit has launched a dashboard for its bounty program, with CEO Ben Zhou declaring "war" on North Korean hackers linked to ...
Bybit hack forensics show SafeWallet compromise led to stolen funds
A series of third-party forensic investigations into the recent Bybit exploit revealed that compromised SafeWallet ...
Is this 32-year-old a brilliant founder, or a deceptive fraudster?
Hi there, welcome to TechCrunch’s regular fintech newsletter. We’re going on hiatus for a bit, but you can still find our ...
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Pi Network denies scam allegations by Bybit CEO Ben Zhou
Pi Network has denied fraud accusations made by Ben Zhou, CEO of cryptocurrency exchange platform Bybit, stating that it has no connection to social media accounts targeting him.
Lazarus hacked Bybit via a breached Safe{Wallet} developer machine
Forensic investigators have found that North Korean Lazarus hackers stole $1.5 billion from Bybit after hacking a developer's ...
Bybit $1.4B hack investigators tie over 11K wallets to North Korean hackers
Bybit, Elliptic and ZeroShadow uncovered over 11,000 crypto wallets tied to North Korean hackers as part of a massive ...
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Bybit CEO Ben Zhou Declares War on Lazarus Group: Unveils $140M Hack Bounty
Bybit launches $140M bounty program to counter Lazarus Group hackers who stole $1.4B, offering rewards for tracing and freezing stolen funds.