One of the largest publicly-known thefts of cryptocurrency was conducted by North Korean hackers, according to the FBI, who stole $1.5 billion worth of Ethereum from a popular crypto exchange.

The FBI confirmed that North Korea’s Lazarus Group was behind the $1.5 billion Bybit hack. And now It’s turning to crypto for help.

The Bybit crypto hack, the largest in history, shines a spotlight again on central crypto exchange security. DePIN, the rising star of Web3, could have prevented the hack.

The FBI has accused the North Korean Lazarus Group of being behind the largest cryptocurrency theft in history.

Assets were stolen from Dubai-based cryptocurrency exchange Bybit earlier this month, in what's believed to be the largest-ever digital heist.

The total take for the Lazarus hackers was over 400,000 ETH and stETH valued at about $1.5 billion in total. The public report of the crypto theft triggered a wave of about 580,000 withdrawal requests.

FBI has confirmed that North Korean hackers stole $1.5 billion from cryptocurrency exchange Bybit on Friday in the largest crypto heist recorded until now.

FBI confirms North Korea’s Lazarus Group stole $1.5B from Bybit, surpassing 2024’s total crypto heists. Investigations reveal a supply chain attack vi

Last week, hackers believed to be from North Korea's notorious Lazarus Group stole $1.46bn (£1.1bn) of cryptocurrency from ByBit, a crypto trading platform. The criminals are trying to rapidly cash out the hoard through a complex online money laundering process.

Cryptocurrency exchange Bybit said last week hackers had stolen digital tokens worth around $1.5 billion, in what researchers called the biggest crypto heist of all time.

Researchers spot the stolen funds moving through cryptocurrency wallets that were used in earlier heists attributed to North Korea's Lazarus hacking group.