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#bybit

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⚯ Michel de Cryptadamus ⚯<p><a href="https://universeodon.com/tags/SafeWallet" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SafeWallet</span></a> published the results of an investigation into <a href="https://universeodon.com/tags/NorthKorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthKorea</span></a>'s theft of $1.4 billion worth of ethereum from <a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a>.</p><p><a href="https://x.com/safe/status/1897663514975649938" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">x.com/safe/status/189766351497</span><span class="invisible">5649938</span></a></p><p><a href="https://universeodon.com/tags/infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>infosec</span></a> <a href="https://universeodon.com/tags/mandiant" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>mandiant</span></a> <a href="https://universeodon.com/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/DPRK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DPRK</span></a> <a href="https://universeodon.com/tags/TraderTraitor" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TraderTraitor</span></a> <a href="https://universeodon.com/tags/LazarusGroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LazarusGroup</span></a></p>
Arie van Deursen 🇳🇱🇪🇺🟥<p>The $1.5 billion ether heist made it to the New York Times.</p><p><a href="https://www.nytimes.com/2025/03/06/technology/bybit-crypto-hack-north-korea.html?unlocked_article_code=1.104.vd5K.bND0gISbUXUc&amp;smid=nytcore-ios-share&amp;referringSource=articleShare" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">nytimes.com/2025/03/06/technol</span><span class="invisible">ogy/bybit-crypto-hack-north-korea.html?unlocked_article_code=1.104.vd5K.bND0gISbUXUc&amp;smid=nytcore-ios-share&amp;referringSource=articleShare</span></a></p><p><a href="https://mastodon.acm.org/tags/bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bybit</span></a> <a href="https://mastodon.acm.org/tags/ethereum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ethereum</span></a> <a href="https://mastodon.acm.org/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a></p>
Steve Thompson PhD<p>Hackers launder most of Bybit’s stolen crypto worth $1.4B</p><p><a href="https://techcrunch.com/2025/03/04/hackers-launder-most-of-bybits-stolen-crypto-worth-1-4-billion/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">techcrunch.com/2025/03/04/hack</span><span class="invisible">ers-launder-most-of-bybits-stolen-crypto-worth-1-4-billion/</span></a></p><p><a href="https://mastodon.social/tags/HACK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>HACK</span></a> <a href="https://mastodon.social/tags/BYBIT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BYBIT</span></a> <a href="https://mastodon.social/tags/CRYPTO" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CRYPTO</span></a> <a href="https://mastodon.social/tags/PRESS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PRESS</span></a></p>
⚯ Michel de Cryptadamus ⚯<p><a href="https://universeodon.com/tags/NorthKorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthKorea</span></a> has finished laundering all of the $1.4 billion worth of crypto it stole from <a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> into other tokens almost entirely through <a href="https://universeodon.com/tags/ThorChain" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ThorChain</span></a> who made $5.5 million in fees on the laundering effort 👏🏼👏👏🏾.</p><p><a href="https://x.com/benbybit/status/1896798476945744010" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">x.com/benbybit/status/18967984</span><span class="invisible">76945744010</span></a></p><p><a href="https://universeodon.com/tags/LazarusGroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LazarusGroup</span></a> <a href="https://universeodon.com/tags/moneylaundering" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>moneylaundering</span></a> <a href="https://universeodon.com/tags/crime" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crime</span></a> <a href="https://universeodon.com/tags/Infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Infosec</span></a> <a href="https://universeodon.com/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a> <a href="https://universeodon.com/tags/DPRK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DPRK</span></a> <a href="https://universeodon.com/tags/SafeWallet" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SafeWallet</span></a></p>
⚯ Michel de Cryptadamus ⚯<p>2/ oops i realized i only posted an excerpt of the <a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> / <a href="https://universeodon.com/tags/NorthKorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthKorea</span></a> hack interview. here's the whole thing:</p><p><a href="https://www.youtube.com/watch?v=QzIUTSnVUko" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=QzIUTSnVUk</span><span class="invisible">o</span></a></p><p><a href="https://universeodon.com/tags/infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>infosec</span></a> <a href="https://universeodon.com/tags/LazarusGroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LazarusGroup</span></a> <a href="https://universeodon.com/tags/DPRK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DPRK</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a></p>
The Japan Times<p>As news started spreading about a massive hack on crypto exchange Bybit last Friday, cybersecurity researchers quickly concluded that the era of giant digital-asset heists had entered a new and potentially ruinous phase. <a href="https://www.japantimes.co.jp/news/2025/03/03/asia-pacific/crime-legal/north-korea-billion-heist-crypto/?utm_medium=Social&amp;utm_source=mastodon" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">japantimes.co.jp/news/2025/03/</span><span class="invisible">03/asia-pacific/crime-legal/north-korea-billion-heist-crypto/?utm_medium=Social&amp;utm_source=mastodon</span></a> <a href="https://mastodon.social/tags/asiapacific" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>asiapacific</span></a> <a href="https://mastodon.social/tags/crimelegal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crimelegal</span></a> <a href="https://mastodon.social/tags/northkorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>northkorea</span></a> <a href="https://mastodon.social/tags/hacking" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>hacking</span></a> <a href="https://mastodon.social/tags/cryptocurrencies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrencies</span></a> <a href="https://mastodon.social/tags/bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bybit</span></a></p>
⚯ Michel de Cryptadamus ⚯<p>this interview w/one of the only <a href="https://universeodon.com/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a> people in the crypto industry who has any idea what he's talking about goes through all the incredible failures at every level of both <a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> &amp; <a href="https://universeodon.com/tags/SafeWallet" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SafeWallet</span></a> (whose main product is <a href="https://universeodon.com/tags/GnosisSafe" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GnosisSafe</span></a>, AKA "the most important smart contract in the industry"), from the most basic opsec to permissioning to whatever, is a fun time if you're interested in that kind of thing.</p><p>tl;dr the whole crypto industry is an absolute clown car. a clown car that stores $1.4 billion in a single account that the entire C-suite can access.</p><p><a href="https://www.youtube.com/watch?v=W82FxAK9Acg" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=W82FxAK9Ac</span><span class="invisible">g</span></a></p><p><a href="https://universeodon.com/tags/infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>infosec</span></a> <a href="https://universeodon.com/tags/LazarusGroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LazarusGroup</span></a> <a href="https://universeodon.com/tags/NorthKorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthKorea</span></a> <a href="https://universeodon.com/tags/DPRK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DPRK</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a></p>
⚯ Michel de Cryptadamus ⚯<p>wherein a crypto bro straight up rejoices that <a href="https://universeodon.com/tags/NorthKorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthKorea</span></a> is driving tons of liquidity (in the form of laundering billions of dollars of stolen <a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> customer funds) through <a href="https://universeodon.com/tags/ThorChain" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ThorChain</span></a>'s app:</p><p>&gt; "who really cares it's good for <a href="https://universeodon.com/tags/ThorChain" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ThorChain</span></a>"</p><p>I’m calling it now, this is a serious contender for the greatest crypto tweet of all time.<br><a href="https://x.com/ThorChainz/status/1894846901419118987" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">x.com/ThorChainz/status/189484</span><span class="invisible">6901419118987</span></a></p><p>p.s. remember that <a href="https://universeodon.com/tags/ThorChain" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ThorChain</span></a>'s banking app imploded just a few weeks ago and took $100 million of its customers money with it.</p><p><a href="https://universeodon.com/tags/infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>infosec</span></a> <a href="https://universeodon.com/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>uspol</span></a> <a href="https://universeodon.com/tags/DPRK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DPRK</span></a> <a href="https://universeodon.com/tags/LazarusGroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LazarusGroup</span></a></p>
⚯ Michel de Cryptadamus ⚯<p><a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> released the conclusions of their investigation into how they got rekt for $1.4 billion by North Korea's <a href="https://universeodon.com/tags/LazarusGroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LazarusGroup</span></a>. Summary:</p><p>1. (background) Bybit were dumb enough to store billions of dollars in a single wallet contract using software from a company called SafeWallet (a "Gnosis Safe")</p><p>2. A dev machine of SafeWallet (name is lol) was compromised by Lazarus and used to access SafeWallet's cloud data stores (S3)</p><p>3. malicious JavaScript was pushed to the cloud drive and eventually distributed in a release (?).</p><p>4. The malicious JavaScript code targeted specifically the Bybit contract address to change the content of the transaction during the signing / approval process.</p><p>* Bybit reports: <a href="https://docsend.com/view/s/rmdi832mpt8u93s7#" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">docsend.com/view/s/rmdi832mpt8</span><span class="invisible">u93s7#</span></a><br>* Full Statement from SafeWallet: <a href="https://x.com/safe/status/1894768522720350673" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">x.com/safe/status/189476852272</span><span class="invisible">0350673</span></a></p><p>in a normal world Bybit could probably sue SafeWallet, but I'm sure SafeWallet barely exists as an entity.</p><p><a href="https://universeodon.com/tags/infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>infosec</span></a> <a href="https://universeodon.com/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a> <a href="https://universeodon.com/tags/safewallet" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>safewallet</span></a> <a href="https://universeodon.com/tags/gnosissafe" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>gnosissafe</span></a> <a href="https://universeodon.com/tags/ethereum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ethereum</span></a> <a href="https://universeodon.com/tags/DPRK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DPRK</span></a> <a href="https://universeodon.com/tags/NorthKorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthKorea</span></a> <a href="https://universeodon.com/tags/crime" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crime</span></a> <a href="https://universeodon.com/tags/hackers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>hackers</span></a> <a href="https://universeodon.com/tags/blackhat" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>blackhat</span></a></p>
⚯ Michel de Cryptadamus ⚯<p>this is what it looks like when <a href="https://universeodon.com/tags/NorthKorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthKorea</span></a> launders stolen crypto (through services created or funded by Trump friendly broligarchs like <a href="https://universeodon.com/tags/MarcAndreessen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MarcAndreessen</span></a>).</p><p><a href="https://universeodon.com/tags/LazarusGroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LazarusGroup</span></a> is hands down best in class at this. They have no serious competition. Iranian and Russian crypto launderers are rank amateurs in comparison.</p><p><a href="https://universeodon.com/tags/Elliptic" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Elliptic</span></a>'s overview of how the steps of this process work these days is pretty good.<br><a href="https://www.elliptic.co/blog/bybit-hack-largest-in-history" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">elliptic.co/blog/bybit-hack-la</span><span class="invisible">rgest-in-history</span></a></p><p><a href="https://universeodon.com/tags/LazarusGroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LazarusGroup</span></a> <a href="https://universeodon.com/tags/bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bybit</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/DPRK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DPRK</span></a> <a href="https://universeodon.com/tags/crime" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crime</span></a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>uspol</span></a> <a href="https://universeodon.com/tags/natsec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>natsec</span></a> <a href="https://universeodon.com/tags/eXch" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>eXch</span></a> <a href="https://universeodon.com/tags/Uniswap" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Uniswap</span></a> <a href="https://universeodon.com/tags/Infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Infosec</span></a> <a href="https://universeodon.com/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a></p>
⚯ Michel de Cryptadamus ⚯<p>watching crypto bros who literally spent the last decade of their lives talking about "decentralization" and "uncensorability" make a hard 180 to "censorship by centralized entities is good, actually, because we're losing a lot of money" would be surprising if i had ever taken any of these clowns seriously.</p><p>"open source", "uncensorable", "decentralized" - it's all a farce. these guys believe whatever makes the number go up right now and nothing more.</p><p>p.s. <a href="https://universeodon.com/tags/SamsonMow" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SamsonMow</span></a> is also a <a href="https://universeodon.com/tags/Tether" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tether</span></a> bro who's probably literally on some chinese organized crime payroll.<br><a href="https://x.com/Excellion/status/1894614521572106537" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">x.com/Excellion/status/1894614</span><span class="invisible">521572106537</span></a></p><p><a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>infosec</span></a> <a href="https://universeodon.com/tags/DPRK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DPRK</span></a> <a href="https://universeodon.com/tags/LazarusGroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LazarusGroup</span></a> <a href="https://universeodon.com/tags/decentralization" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>decentralization</span></a> <a href="https://universeodon.com/tags/triads" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>triads</span></a> <a href="https://universeodon.com/tags/finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>finance</span></a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>uspol</span></a> <a href="https://universeodon.com/tags/corruption" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>corruption</span></a> <a href="https://universeodon.com/tags/crime" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crime</span></a> <a href="https://universeodon.com/tags/OrganizedCrime" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>OrganizedCrime</span></a> <a href="https://universeodon.com/tags/NorthKorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthKorea</span></a></p>
⚯ Michel de Cryptadamus ⚯<p>"A new device logged into your account from <a href="https://universeodon.com/tags/PYONGYANG" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PYONGYANG</span></a>"</p><p>revolutionary new vectors in <a href="https://universeodon.com/tags/socialengineering" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>socialengineering</span></a>.</p><p><a href="https://universeodon.com/tags/infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>infosec</span></a> <a href="https://universeodon.com/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a> <a href="https://universeodon.com/tags/bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bybit</span></a> <a href="https://universeodon.com/tags/binance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>binance</span></a></p>
PrivacyDigest<p>How <a href="https://mas.to/tags/NorthKorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthKorea</span></a> pulled off a $1.5 billion <a href="https://mas.to/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://mas.to/tags/heist" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>heist</span></a> —the biggest in history</p><p>The <a href="https://mas.to/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrency</span></a> industry and those responsible for securing it are still in shock following Friday’s heist, likely by North <a href="https://mas.to/tags/Korea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Korea</span></a>, that drained $1.5 billion from <a href="https://mas.to/tags/Dubai" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Dubai</span></a> -based exchange <a href="https://mas.to/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> , making the theft by far the biggest ever in digital asset history.<br><a href="https://mas.to/tags/security" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>security</span></a></p><p><a href="https://arstechnica.com/security/2025/02/how-north-korea-pulled-off-a-1-5-billion-crypto-heist-the-biggest-in-history/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">arstechnica.com/security/2025/</span><span class="invisible">02/how-north-korea-pulled-off-a-1-5-billion-crypto-heist-the-biggest-in-history/</span></a></p>
Ned Hamson<p>Australian Broadcasting Corporation: Hackers reportedly stole $2.4 billion from cryptocurrency exchange platform Bybit. Here’s what we know…</p><p>Major cryptocurrency exchange platform <a href="https://mastodon.social/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> was hacked over the weekend to the tune of $1.5 billion in digital assets, in what’s estimated to be … Australian Broadcasting Corporation: Hackers reportedly stole $2.4 billion from cryptocurrency exchange platform Bybit. Here’s what we know…</p><p><a href="http://nedhamsonsecondlineviewofthenews.com/2025/02/24/australian-broadcasting-corporation-hackers-reportedly-stole-2-4-billion-from-cryptocurrency-exchange-platform-bybit-heres-what-we-know/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">http://</span><span class="ellipsis">nedhamsonsecondlineviewofthene</span><span class="invisible">ws.com/2025/02/24/australian-broadcasting-corporation-hackers-reportedly-stole-2-4-billion-from-cryptocurrency-exchange-platform-bybit-heres-what-we-know/</span></a></p>
⚯ Michel de Cryptadamus ⚯<p>wherein a crypto bro KOL claims that <a href="https://universeodon.com/tags/NorthKorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NorthKorea</span></a> stealing $1.4 billion worth from <a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> to fund their nuclear weapons program is a "bullish sign of growth for the industry".</p><p><a href="https://universeodon.com/tags/DPRK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DPRK</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/LazarusGroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LazarusGroup</span></a> <a href="https://universeodon.com/tags/infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>infosec</span></a> <a href="https://universeodon.com/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a></p>
⚯ Michel de Cryptadamus ⚯<p><a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> in the middle of a $4bn bank run after a $1.5bn hack = $5.5bn outflows on a starting stack of ~$16bn...</p><p>but the good¹ assets are fleeing faster and so now Bybit's top holdings include absolute <a href="https://universeodon.com/tags/shitcoins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>shitcoins</span></a> like <a href="https://universeodon.com/tags/MNT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MNT</span></a> and <a href="https://universeodon.com/tags/PEPE" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PEPE</span></a>.</p><p>tl;dr funds are SNAFU.</p><p>¹ in crypto terms, at least</p><p><a href="https://universeodon.com/tags/DPRK" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DPRK</span></a> <a href="https://universeodon.com/tags/northkorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>northkorea</span></a> <a href="https://universeodon.com/tags/lazarusgroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>lazarusgroup</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>infosec</span></a> <a href="https://universeodon.com/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a></p>
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#crime #theft #cryptocurrency #Bybit

"Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital currency in what could be the biggest crypto theft in history. The Dubai-based company's founder told users that their funds were 'safe' and that if would refund any of those affected."

bbc.com/news/articles/cx2844nv

www.bbc.comCryptocurrency theft of £1.1bn could be biggest everDubai-based Bybit said it could afford to reimburse customers and that it was working to find the hackers.
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