The FBI has announced that North Korea is responsible for stealing approximately $1.5 billion in virtual assets from cryptocurrency exchange ByBit, referring to this cyber activity as “TraderTraitor.” The agency stated that the stolen assets have been converted to bitcoin and dispersed across thousands of addresses on multiple blockchains, with the expectation that they will be laundered and converted to fiat currency. ByBit reported that an attacker gained control of an ether wallet and transferred the holdings to an unidentified address. The exchange serves over 60 million users globally and offers access to various cryptocurrencies like bitcoin and ether.
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