💸🔒 “North Korea’s Secret Laundry: $400M Gone in Days!”
Oh, the audacity of North Korea’s hackers! 🤣 They managed to launder over $400 million from Bybit’s hack in just days, and now analysts are left wondering: what’s their next move? 😏
Over $400 million from Bybit’s $1.46 billion incident was washed clean in no time, with blockchain forensic firm TRM Labs sounding the alarm that North Korea may have expanded its money laundering operations. 🚨
In a Feb. 27 blog post, the analysts pointed out that Bybit’s attackers used intermediary wallets, crypto swaps, decentralized exchanges, and cross-chain bridges to cover their tracks. Talk about a digital smokescreen! 🌫️
“This rapid laundering suggests that North Korea has either expanded its money laundering infrastructure or that underground financial networks, particularly in China, have enhanced their capacity to absorb and process illicit funds.”
TRM Labs
Typically, North Korean hackers use crypto mixers to hide stolen funds, but the scale of the Bybit incident has forced them to get creative. Instead of mixers, they’re now using multiple wallets and decentralized platforms to obscure the money trail. It’s like they’re playing a game of digital hide-and-seek! 🎉
Initially, some stolen Ethereum was sent through BNB Chain and Solana, but now most of it has been sent to the Bitcoin network. And despite the quick laundering, much of the Bitcoin remains untouched, suggesting the attackers are preparing for large-scale liquidation through OTC networks. It’s like they’re saving up for a rainy day! ☔️
Bybit lost $1.46 billion in a multi-stage attack, which security experts link to Safe Wallet. The attackers reportedly compromised a Safe{Wallet} developer’s device, tricking Bybit’s Safe wallet owner into signing a malicious transaction. It’s like they outsmarted the system! 🤓
Read More
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- We’re Terrible At Organizing Things.’ Tom Holland Reveals The Sweet Holiday Scheme He And Zendaya Are Going To Try Next Year
- Broadway Box Office: Idina Menzel in ‘Redwood’ Sees Strong Start
- Buffy the Vampire Slayer Reboot: Sarah Michelle Gellar Returns to Save the Day!
- Deva: Shahid Kapoor and Pooja Hegde’s lip-lock scene gets trimmed by CBFC? Film’s runtime and rating revealed
- NewsNation Taps Leland Vittert to Replace Dan Abrams
- New Era and BEAMS Reunite for Spring/Summer 2025 Collection
- Girls Frontline 2 Exilium tier list
- XLARGE Celebrates Lil Wayne With New Collection
- BlackRock’s Ethereum ETF $ETHA Listed on DTCC, Awaits Trading
2025-02-27 14:58