Ben Zhou, Executive Director Beybit, during the Token2049 Conference in Singapore, Thursday, September 14, 2023.
Joseph Nair | Bloomberg | Getty Images
Bealit, the main exchange of cryptocurrencies, is hacked in the amount of $ 1.5 billion digital property, in what is estimated as the largest robbery of robbery in history.
The attack has compromised a cold wallet, an out -of -storage system, designed for safety. Stolen funds, primarily in etherThey were quickly transferred over multiple wallets and liquidated through various platforms.
“Please be sure that all other cold wallets are safe,” Ben Zhou, Executive Director Bybit, published on X. “All withdrawals are normal.”
Blockchain analysis companies, including Elliptic and Arkham Intelligence, found stolen cryptocurrencies while transferred to different accounts and quickly full. Hack far outweighs previous theft in the sector, According to elliptical. These include $ 611 million stolen from Poly Network 2021 and $ 570 million exhausted from Binance 2022.
Analysts Elliptic later connected the attack on the Lazarus Group North Korea, a hacked collective who sponsored a state that is notorious for siphoning billions of dollars from the cryptocurrency industry. The group is known for exploiting security vulnerability to finance the North Korean regime, often using sophisticated washing methods to stack the flow of funds.
“We have marked the addresses of the address in our software to prevent these funds to be entered to any other stock market,” said Tom Robinson, a chief scientist from Elliptic, in the email.
The violation immediately caused a rush of withdrawal from Belit because users were afraid of potential incompleteness. Zhou said the outflows stabilized. In order to convince the customers, he announced that Bybit had secured a bridge loan from undiscovered partners to cover all unique losses and maintain operations.
The history of the Lazarus group targets on the crypto platform dates from 2017, when the group infiltrated in four South Korean exchange and stole Bitcoin worth $ 200 million. Because the laws of law enforcement and cryptocurrency companies are working to find stolen assets, experts in the industry warn that high -scale thefts remain a fundamental risk.
“The harder we use to use from crimes like this one will happen less frequently,” Elliptic’s Robinson wrote in the post.
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