Thursday, March 6, 2025

How the Crypto Exchange Bybit Lost $1.5 Billion to North Korean Hackers

 How the Crypto Exchange Bybit Lost $1.5 Billion to North Korean Hackers - The New York Times (Thanks to Taylor for this one)

The cryptocurrency exchange Bybit lost $1.5 billion to North Korean hackers last month — and it all traced back to an account on a free digital storage service.

Ben Zhou, the chief executive of Bybit, participated in a panel discussion at a Bitcoin conference in Abu Dhabi, United Arab Emirates, in December.Credit...Tamir Kalifa for The New York Times