Cybersecurity

SOURCE www.nbcnews.com
North Korea responsible for $1.5 billion theft from cryptocurrency exchange ByBit, FBI warns of ongoing malicious cyber activity named TraderTraitor.

Key Points

  • North Korea linked to cyber theft
  • $1.5 billion stolen from cryptocurrency exchange ByBit
  • FBI tracking the stolen assets

Pros

  • FBI actively investigating and warning about cyber threats
  • ByBit taking steps to address the security breach

Cons

  • Loss of $1.5 billion in virtual assets
  • Potential impact on 60 million users of ByBit