FBI says North Korea ‘responsible’ for $1.4 billion Bybit heist
SMRTR summary
The FBI has attributed the $1.4 billion Bybit cryptocurrency exchange hack to North Korean government hackers known as TraderTraitor. The stolen Ethereum is being rapidly converted to Bitcoin and other virtual assets across thousands of addresses, with expectations it will be laundered and converted to fiat currency.
SMRTR provides this summary for quick context. The original article belongs to TechCrunch.
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