North Korean Hackers Pull Off Largest Crypto Heist: $1.5 Billion Vanishes into Thin Air!

North Korean Lazarus hackers pulled off the largest crypto heist in history, swiping a cool $1.5 billion from Bybit. How? By slipping malicious code into SafeWallet’s infrastructure. This sophisticated hack manipulated smart contracts and masked the signing interface, allowing them to siphon millions in Ethereum. It’s the crypto equivalent of finding a billion-dollar bill on the sidewalk!

Hot Take:

When North Korea decides to play “Ocean’s Eleven” with your crypto stash, it’s a reminder that not even your digital wallet is safe from international espionage. Maybe it’s time to turn those cold wallets into a fortress with a moat—and possibly a dragon!

Key Points:

  • North Korean Lazarus hackers stole $1.5 billion from Bybit via a compromised Safe{Wallet} developer’s machine.
  • The attack targeted Ethereum Multisig Cold Wallets of Bybit, using malicious JavaScript code.
  • The Safe{Wallet} team has since implemented security measures, including removing the native Ledger integration temporarily.
  • Evidence links the heist to previous North Korean hacks, further implicating the Lazarus Group.
  • This incident marks the largest crypto heist in history, with over 400,000 ETH and stETH stolen.

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