Safe{Wallet} Confirms North Korean TraderTraitor Hackers Stole $1.5 Billion in Bybit Heist

The cryptocurrency security firm Safe{Wallet} has shed light on the highly sophisticated and state-sponsored attack that resulted in one of the largest crypto heists in history – the Bybit $1.5 billion theft.

Last week, hackers targeted the popular cryptocurrency exchange Bybit, making off with an astonishing $1.5 billion worth of cryptocurrencies. The perpetrators were allegedly sponsored by the North Korean government, which has been accused of conducting numerous high-profile cyberattacks in recent years.

In a statement released earlier today, Safe{Wallet} confirmed that it had analyzed the cybersecurity incident and determined that the attack was indeed state-sponsored, carried out by skilled hackers with the backing of the North Korean regime. The firm stated that these malicious actors took deliberate steps to erase all traces of their activity in an effort to obscure their tracks and hinder any potential investigations.

"The attack on Bybit was a highly sophisticated operation that demonstrated a deep understanding of the exchange's security measures," said a spokesperson for Safe{Wallet}. "Our analysis suggests that the perpetrators were well-funded, well-resourced, and had access to cutting-edge tools and techniques. It's clear that this was no ordinary cyberattack."

The Bybit heist has sent shockwaves through the cryptocurrency community, with many experts and traders expressing outrage and concern over the brazen nature of the attack. As the world grapples with the implications of this massive theft, Safe{Wallet}'s revelations have shed new light on the motivations and methods of the hackers behind the incident.

"We're working closely with Bybit and other industry stakeholders to better understand the scope and impact of this attack," said the spokesperson. "Our goal is to help prevent similar incidents in the future, while also supporting those affected by this devastating event."