North Korean Cyber Criminals $1.19 Billion Crypto Heist

North Korean cyber criminals are suspected of carrying out a $1.19 billion crypto heist, considered the worst hack in history. The hackers gained control of an Ethereum wallet and transferred its contents to an unidentified address. Bybit exchange confirmed the theft, and Arkham Intelligence accused North Korea's Lazarus Group of the hack.

North Korean cyber criminals conduct $1.19 billion crypto heist

North Korean cyber criminals are suspected of conducting the 'worst hack in history' by stealing $1.19 billion in cryptocurrency from a Dubai-based exchange. Despite accusations from a blockchain analytics firm, the perpetrators have not been confirmed. The CEO of Bybit assured that the company is solvent and all client assets are backed 1 to 1. The hack caused Ethereum's value to drop by four percent.