Bybit Suffers $1.5 Billion Crypto Heist, North Korean Hacker Suspected

Bybit Suffers $1.5 Billion Crypto Heist, North Korean Hacker Suspected

The cryptocurrency industry has been hit by a major cyberattack, with Bybit, one of the leading exchanges, losing approximately $1.5 billion in Ethereum to hackers.

Reports indicate that Park Jin Hyok, a well-known North Korean hacker affiliated with the notorious Lazarus Group, is a key suspect in the breach. Park has a long history of cybercrimes, including bank fraud and large-scale hacking operations, making him a major figure in global cybersecurity investigations.

This latest attack has sent shockwaves through the crypto space, raising concerns about security vulnerabilities in digital asset platforms.