Crypto exchange Bybit was the victim of a sophisticated attack, and threat actors stole $1.5B worth of cryptocurrency from one of the company’s offline wallets.
Bybit’s ETH cold wallet was compromised in the attack that masked the signing interface, allowing threat actors to redirect funds to an unknown address.
The Bybit hack is the largest cryptocurrency heist ever, surpassing previous ones like Ronin Network ($625M), Poly Network ($611M), and BNB Bridge ($566M).
The cyber heist is attributed to the Lazarus APT group, known for their advanced methods and previous attacks on banks and cryptocurrency exchanges.