North Korea’s state-backed Lazarus Group has executed the largest cryptocurrency heist in history, stealing $1.5 billion from Dubai-based Bybit. The FBI confirmed on February 26 that hackers used social engineering to manipulate employees and exploit security protocols, swiftly moving stolen Ethereum through thousands of blockchain addresses to launder the funds. While Lazarus has a long history of cyber theft—including the Sony hack, the 2022 Ronin Network breach, and multiple attacks in 2024—Bybit is fighting back. The exchange has reassured users, secured bridge loans, and launched a global bounty hunt, offering millions in rewards for tracking stolen assets. Meanwhile, North Korea’s cybercriminals face challenges converting their loot into fiat currency amid increased scrutiny. With a history of bypassing sanctions through complex laundering techniques, Pyongyang’s digital heists remain a key tool for financing its regime. The big question now—who’s next?

00:00 - INTRODUCTION
00:57 - HOW DID THE HEIST HAPPEN?
01:45 - WHO IS BEHIND THE ATTACK?
03:21 - BYBIT’S RESPONSE TO THE HEIST
04:56 - NORTH KOREA’S LAUNDERING PLAYBOOK
05:42 - MAJOR HEISTS BY LAZARUS IN 2024

#NorthKorea #CryptoHeist #LazarusGroup #BybitHack #CyberCrime #CryptoSecurity #FBI
#worldnews #clrcut #clrcutnews #internationalnews #globalnews #news
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