FBI Requests Crypto Industry Assistance to Trace $1.5 Billion Bybit Hack
The FBI seeks assistance from the crypto industry to track and block laundering activities related to $1.5 billion stolen from Bybit by North Korean hackers.
- The FBI issued a public service announcement listing Ethereum addresses linked to the theft.
- The incident is connected to the Lazarus group, attributed as responsible for the hack.
- Stolen assets include ether and ETH staking tokens, marking the largest hack of a crypto exchange.
- The FBI noted that some stolen assets are being converted to bitcoin and other cryptocurrencies across various blockchains.
- There is an expectation that these assets will undergo further laundering before conversion to fiat currency.