Experts note that this is just the first step for the alleged North Korean hackers to profit from the historic heist.

The Bybit exploiter has laundered 100% of the stolen funds after staging the biggest hack in crypto history, but some of the loot may still be recoverable by blockchain security experts. On Feb. 21, Bybit was hacked for over $1.

One of the biggest crypto heists recently happened just a few days back, where Bybit, a leading cryptocurrency exchange, fell victim to the hackers. This hack r

Cryptocurrency exchange Bybit said last week hackers had stolen digital tokens worth around $1.5 billion, in what researchers called the biggest crypto heist of all time.

Bybit has already paid more than $4 million to bounty hunters who helped trace and freeze some of the stolen funds.

Bybit hackers are currently engaged in the second stage of laundering, which involves “layering” the stolen funds to conceal the transaction trail, says Elliptic.

Crypto exchange Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion worth of tokens in the biggest theft ever committed in the industry. Researchers believe North Korean hackers were likely responsible.

The cryptocurrency exchange Bybit lost $1.5 billion to North Korean hackers last month — and it all traced back to an account on a free digital storage service.

North Korean hackers laid in wait for “probably many months." Here is a step by step guide to how they pulled off the robbery.

Hackers who managed to run off with $1.4 billion in stolen Ethereum from the Bybit exchange have already converted most of the funds That is according to experts at