Bybit reels from $1.5B hack by North Korea

Quick Summary:

Panic spread in the crypto’ world recently after Bybit was hacked for over $1.4B worth of Ethereum’s ETH token, the largest exploit in crypto or beyond.

The post Bybit reels from $1.5B hack by North Korea appeared first on CoinGeek.

Imagine that Bybit’s losses involved a different token on a different chain, one that required its nodes—including the entities responsible for processing transactions—to abide by a set of Network Access Rules (NAR).

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: CanadaArgentinaNorth KoreaMaliNigerNigeria

Topics: Lazarus Group Uniswap MakerDao Cold Wallet TheDAO Ben Zhou Bitcoin Whitepaper Digital Asset Recovery EXch Bybit Network Access Rules @ZachXBT Smart Contracts Ethereum OKX DEX Sky Warm Wallet Tornado Cash Crypto Crime Cartel Hack Business ETH

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 13:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1545 words

Reading Time: 9 minutes read

Sentences: 57 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 26435420

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