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North Koreans Steal $1.5bn From Crypto Exchange Bybit

  • Hackers stole nearly $1.5 billion from Bybit, making it the largest-ever crypto theft.
  • Cryptocurrencies and exchanges experienced a sharp decline after the attack, causing panic selling and liquidity concerns.
  • Bybit assures clients that it is solvent and client funds are safe, despite the hack loss.
  • The North Korean state-backed Lazarus Group is believed to be responsible for the theft, with stolen assets already being sold.

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