{"id":1234652,"date":"2025-02-24T18:41:56","date_gmt":"2025-02-24T23:41:56","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1234652"},"modified":"2025-02-24T18:41:56","modified_gmt":"2025-02-24T23:41:56","slug":"how-north-korea-pulled-off-a-1-5-billion-crypto-heist-the-biggest-in-history","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1234652","title":{"rendered":"How North Korea pulled off a $1.5 billion crypto heist\u2014the biggest in history"},"content":{"rendered":"<div>\n<p>The cryptocurrency industry and those responsible for securing it are still in shock following Friday\u2019s heist, likely by North Korea, that drained $1.5 billion from Dubai-based exchange Bybit, making the theft by far the biggest ever in digital asset history.<\/p>\n<p>Bybit officials <a href=\"https:\/\/announcements.bybit.com\/article\/incident-update---eth-cold-wallet-incident-blt292c0454d26e9140\/\">disclosed<\/a> the theft of more than 400,000 ethereum and staked ethereum coins just hours after it occurred. The notification said the digital loot had been stored in a \u201cMultisig Cold Wallet\u201d when, somehow, it was transferred to one of the exchange\u2019s hot wallets. From there, the cryptocurrency was transferred out of Bybit altogether and into wallets controlled by the unknown attackers.<\/p>\n<h2>This wallet is too hot, this one is too cold<\/h2>\n<p>Researchers for blockchain analysis firm Elliptic, among others, <a href=\"https:\/\/www.elliptic.co\/blog\/bybit-hack-largest-in-history\">said<\/a> over the weekend that the techniques and flow of the subsequent laundering of the funds bear the signature of threat actors working on behalf of North Korea. The revelation comes as little surprise since the isolated nation has long maintained a <a href=\"https:\/\/arstechnica.com\/tech-policy\/2019\/09\/us-sanctions-north-korean-hackers-for-wannacry-and-dozens-of-other-attacks\/\">thriving cryptocurrency theft racket<\/a>, in large part to pay for its weapons of mass destruction program.<\/p>\n<p><a href=\"https:\/\/arstechnica.com\/security\/2025\/02\/how-north-korea-pulled-off-a-1-5-billion-crypto-heist-the-biggest-in-history\/\">Read full article<\/a><\/p>\n<p><a href=\"https:\/\/arstechnica.com\/security\/2025\/02\/how-north-korea-pulled-off-a-1-5-billion-crypto-heist-the-biggest-in-history\/#comments\">Comments<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency industry and those responsible for securing it are still in shock following Friday\u2019s heist, likely by North Korea, that drained $1.5 billion from Dubai-based exchange Bybit, making the theft by far the biggest ever in digital asset history. &hellip; <a href=\"https:\/\/www.prime-wow.com\/?p=1234652\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,44,110],"tags":[],"class_list":["post-1234652","post","type-post","status-publish","format-standard","hentry","category-ars-technica","category-technology","category-unfiltered-rss"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1234652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1234652"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1234652\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1234652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1234652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1234652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}