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North Korea steals $1.5bn as it pulls off world’s biggest ever heist (www.aol.com)

submitted 9 months ago by Domino@lemmings.world to c/world@quokk.au

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The hackers stole more cryptocurrency in one attack than all the funds stolen by North Korean cyber criminals in 2024, when the rogue state’s cyber attackers made off with around $1.3bn in digital coins, according to cryptocurrency analysts Chainalysis.

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[–] Tuxman@sh.itjust.works 2 points 9 months ago (1 children)

Can’t people just stop trading that specific coin? Or just say it’s now worth 1$?

[–] CouncilOfFriends@slrpnk.net 2 points 9 months ago* (last edited 9 months ago)

This was a targeted attack against a cryptocurrency exchange. The specific crypto happened to be Ethereum (ETH), but more importantly the hackers were able to identify and target the specific employees needed for their multi-signature transactions, and infect their machines with malware to alter the user interface and show different destination wallet addresses. The exchange Bybit has offered a 10% bounty which could earn whitehats up to $140 million for any funds recovered, but I would be very surprised to see huge success with the use of mixers and such.