Part 9/15:
In a significant escalation of its cyber warfare capabilities, North Korea has executed the largest cyber theft on record, stealing approximately $1.5 billion worth of cryptocurrency from the crypto exchange platform, Bybit. The attack occurred in a matter of minutes last Friday, with North Korean hackers employing sophisticated tactics to siphon assets quickly and discreetly.
Bybit, boasting over 40 million users, confirmed the breach but assured users of its continued solvency. Still, the massive volume of stolen funds signals an alarming trend—Pyongyang's cyber units are increasingly relying on digital crime to fund its missile and nuclear programs, compensating for economic sanctions that limit conventional revenue streams.