Security experts have revealed that North Korean hackers recently executed the largest cryptocurrency hack to date, making off with a staggering $1.5 billion in a single heist. The target of this cyberattack was Bybit, the world's second-largest cryptocurrency exchange boasting over 40 million users.
The hackers managed to steal a significant portion of North Korea's reported annual gross domestic product in just a matter of minutes. Over the weekend, they were already in the process of laundering approximately $160 million of the stolen funds through accounts linked to North Korean operatives, as reported by a crypto-tracing firm.