Stealing $1.5B in crypto is easy, cashing out is the trap
North Korean hackers stole approximately $1.5 billion from Bybit in February 2025. While the hack has been widely reported, little attention has been paid to how the stolen funds were subsequently handled. Moving such a large sum required cooperation with individuals willing to process the illicit cryptocurrency. For more details, see the original report on CryptoSlate.
North Korean hackers stole approximately $1.5 billion from Bybit in February 2025. While the hack has been widely reported, little attention has been paid to how the stolen funds were subsequently handled. Moving such a large sum required cooperation with individuals willing to process the illicit cryptocurrency. For more details, see the original report on CryptoSlate.
Sources
- CryptoSlate — Stealing $1.5B in crypto is easy, cashing out is the trap
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