North Korean Hackers Steal $1.5 B from Bybit Cryptocurrency Exchange

Summary

In February 2025, the FBI announced that a North Korean state‑sponsored hacking group, known as TraderTraitor, stole approximately $1.5 billion in virtual assets from the cryptocurrency exchange Bybit. The stolen funds were partially converted into Bitcoin and dispersed across thousands of blockchain addresses. The FBI released a list of Ethereum addresses tied to the actors and urged exchanges, node operators, and other crypto‑service providers to block transactions linked to those addresses, while seeking public tips to help disrupt the laundering of the assets.