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ROME — The FBI has accused North Korean-linked hackers of conducting one of the largest thefts of cryptocurrency publicly known, seizing some $1.5 billion worth of ethereum from a Dubai-based firm.
The theft earlier this month targeting Bybit, one of the world’s largest crypto exchanges, represents yet another involving a team of hackers identified by the U.S. government by the names TraderTraitor and the Lazarus Group.
South Korean and U.S. analysts estimate that North Korea has stolen more than $2 billion in cryptocurrency and other virtual assets in the past five years. It represents a rare source of badly needed foreign currency to support its fragile economy and fund its nuclear program in the face of intense U.N. sanctions. — Associated Press