One of the largest online robberies in history occurred when a major cryptocurrency exchange claimed it was the target of a sophisticated attack that took over $1.5 billion worth of digital currency.
Bybit announced on Friday that an attacker had “manipulated” a regular transfer of Ethereum, one of the most well-known cryptocurrencies, between digital wallets by moving the funds to an unspecified address.
The organization aimed to reassure clients about the security of their Bitcoin assets with the exchange.
According to the corporation, withdrawal requests have increased since the theft was made public, and processing them may take longer than expected.
Laptops 1000On social media, Bybit CEO Ben Zhou stated that even if the compromised cryptocurrency could not be recovered, his company would still be able to make ends meet.
He declared, “We can cover the loss.”
One of the most popular strategies used by hackers is cryptocurrency theft.
In recent years, several high-value cryptocurrency thefts have been connected to North Korean state hackers in particular.
In a joint statement released in December, the FBI, Defense Department, and National Police Agency of Japan accused North Korean hackers of stealing $308 million from a Japanese cryptocurrency company.
