The hacker that can run out with $ 1.4 billion in Ethereum, which has been stolen by exchanging bybit. Most of the money has been converted to Bitcoin. That is according to the experts of many blockchain inspection companies that follow the fund.
at Attacks 21 February In BYBIT is one of the largest robbery in history, which is caused by the North Korea's Lazarus group, which has stolen. cryptocurrencies Is one of the expertise in the past few years, a lonely national project
It is believed that Lazarus sent a genius contract to bybit for regular money transfer. But hidden in the contract is a dangerous code that controls Exchange's cool wallet, allowing to close the fund No employee acts as the final style of prevention to prevent attacks and all parties that are needed to sign a transaction. It is possible that there are some social engineering or negligence in the part of the staff. But it shows how humans in the presented vulnerability
Bybit for its part, can make money from external investors to plug in the hole and say that it can respond to all withdrawal requests. However, after the fall of FTX, the contract should not be too confident. Of course, the host fund in exchange of Crypto is not a insured by the government, so if the customers lose money from theft, there is no guarantee that it can be recovered.
According to the company's information, check the oval block and TRM LABS. Ethereum, about 400,000 tokens are separated between dozens of wallets and most of the coins have been converted into bitcoin.
Exchanging cryptocurrency Many use your knowledge verification to a certain extent, which should be caught that Lazarus tries to be stolen money laundering. (Although not very popular with the US government But alas, the hocker uses the service called Thorswap that allows users to exchange assets in different blockchains without medium levels. Open from Ethereum is a bitcoin. Then they use the Bitcoin's destination machine. Crypto is a service that is designed to conceal the original. cryptocurrency Of a person by mixing with the funds of other users before returning to convert Bitcoin into heavy cash. Believe that North Korea rely on illegal exchanges in China are willing to look in other ways.
TechCrunch have story About how the process decreases This is the opinion that they received from ARI Randboard, the policy that the company inspected the blockchain trm labs:
“This rapid bleaching indicates that North Korea has expanded the infrastructure of money laundering or underground financial networks, especially in China, has increased the ability to absorb and process illegal money,” Randboard said. “The size and speed of this operation presents a new challenge for inspectors because the anti -money laundering mechanism (AML) fights in a large amount of illegal transactions.
Crypto and their developers are Goal or government Sometimes now for clear reasons The main privacy of Crypto, the guardian, confirms that the Crypto mixer should be legal because they are just tools that help people maintain their privacy while they do online transactions. But when the analysis of Blockchain is due and becoming the center of criminal investigation, it is a matter of time before the mixer is examined to make it difficult to follow the illegal money.
North Korea set goals cryptocurrency Due to the traditional banking system, it is almost impossible to shut down the enormous amount of money, such as any large transactions will face the government's requirements to identify customers and make sure everything is on and the Crypto is still not controlled mostly in the world. But it is useful
Under Trump's management, it seems that Crypto is becoming a more western because of the continuous prosecution of many times per company in the industry has decreased rapidly.
President Trump also announced in the weekend that was planned. Create “Strategic Reserve” or Shitcoins. Including Cardano and Solana, although many people in the industry think that it is a bad idea because it can see that the government has significant influence and most financial participation in the Crypto industry is not able to comply with any promises or effective economic effectiveness in the means of meaning. (Although stability shows that it is a promise that it is a true digital currency). Interested in receiving money may add President Trump to the oval office so they can pump the bag at least if there is nothing else. And Americans will All pay for it In the form of tax