The cryptocurrency exchange Bybit lost $1.5 billion to North Korean hackers last month — and it all traced back to an account on a free digital storage service.

Cryptocurrency exchange Bybit lost around $1.5 billion to hackers in February this year. Recently, the Federal Bureau of Investigation (FBI) held North Korea responsible for the biggest crypto heist in history and referred to the malicious cyber activity as 'TraderTraitor'.

Experts note that this is just the first step for the alleged North Korean hackers to profit from the historic heist.

The Bybit exploiter has laundered 100% of the stolen funds after staging the biggest hack in crypto history, but some of the loot may still be recoverable by blockchain security experts. On Feb. 21, Bybit was hacked for over $1.

One of the biggest crypto heists recently happened just a few days back, where Bybit, a leading cryptocurrency exchange, fell victim to the hackers. This hack r

North Korea’s Lazarus Group pulled off the $1.5B Bybit hack, making it the biggest crypto heist ever. Here’s how they did it—and what’s next.

Bybit hackers are currently engaged in the second stage of laundering, which involves “layering” the stolen funds to conceal the transaction trail, says Elliptic.

Crypto exchange Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion worth of tokens in the biggest theft ever committed in the industry. Researchers believe North Korean hackers were likely responsible.

Bybit has already paid more than $4 million to bounty hunters who helped trace and freeze some of the stolen funds.

North Korean hackers laid in wait for “probably many months." Here is a step by step guide to how they pulled off the robbery.

Hackers who managed to run off with $1.4 billion in stolen Ethereum from the Bybit exchange have already converted most of the funds That is according to experts at