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Fortune
Fortune
Amanda Gerut

North Korean operatives stole $2 billion last year—and financial firms are the next target

Man with glasses and beard before a microphone (Credit: Photo by Anna Moneymaker/Getty Images)

North Korea’s army of cyber operatives stole a record $2 billion in digital assets last year, fueled by the largest financial theft ever reported—$1.46 billion stolen in a single operation from crypto exchange Bybit. 

The attackers pulled off the heist by compromising a software developer’s laptop at a third-party platform the Dubai-based Bybit relied on, and then stealing the developer’s credentials and ultimately draining the assets from the exchange, according to the FBI. 

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