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North Korean Hackers Steal North Korean Hackers Steal Top News.5 Billion In Cryptocurrency Heist.5 Billion In Cryptocurrency Heist

Illustration shows representation of Bitcoin cryptocurrency

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.

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