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How North Korean hackers executed history’s biggest $1.5 billion crypto heist

2025-03-12, BBC
https://www.youtube.com/watch?v=gpLYnKC3mGk
#Bybit #SafeWallet #Youtube #News

Contents

Hackers thought to be working for the North Korean regime have successfully cashed out hundreds of millions of dollars of their record-breaking $1.5 billion crypto heist.

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The criminals, known as the Lazarus Group, swiped the huge haul of digital tokens in an audacious and remarkable hack on the crypto exchange ByBit last month.

Since then, they have been in a cat-and-mouse game with the company and legions of crypto fans trying to stop them from turning the coins into usable cash.

The Lazarus Group is accused of a litany of huge hacks, allegedly to make money for the hermit nation’s weapons program.

BBC World Service Cyber Correspondent Joe Tidy explains what happened.

00:00 Theft announcement
00:42 North Korea involvement
01:45 How it happened
03:22 ‘War’ on hackers
04:36 FBI
04:56 Rift in the industry

Watch our series The Lazarus Heist, a true crime podcast all about hackers, North Korea …