North Korean Hackers Steals $1.5 Billion in World Record Heist

Tuesday, February 25, 2025

State-backed North Korean hackers have stolen $1.5bn (1.2bn) of cryptocurrency in the largest heist in history. Agents from Pyongyang were able to breach the systems of Dubai-based exchange Bybit to steal the digital coin Ether, according to security analysts.

Posted by Corky at 08:33 PM | 8 COMMENTS | permalink | Comment on This Entry |

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Researchers accuse North Korea of $1.4 billion Bybit crypto heist

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-- TechCrunch (@techcrunch.com) February 24, 2025 at 11:52 AM

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$1.5 billion in Ether crypto?!?!?! What is that in Trump Bucks?

#1 | Posted by censored at 2025-02-25 07:04 PM | Reply

Crypto has always seemed like a giant scam to me. More so than state backed currency.

So perhaps this is a naive question, but if they stole this "coin" that isn't backed by anything, why would it retain its value?

#2 | Posted by jpw at 2025-02-25 08:05 PM | Reply

why would it retain its value?

It never had any to begin with?

#3 | Posted by REDIAL at 2025-02-25 08:10 PM | Reply

Has the orange pedo called rocket man a savvy genius yet?

#4 | Posted by reinheitsgebot at 2025-02-25 08:56 PM | Reply

What is that in Trump Bucks?

#1 | Posted by censored at 2025-02-25 07:04 PM | Reply

Eleventy trillion.

#5 | Posted by Nixon at 2025-02-26 07:31 AM | Reply | Funny: 1

For the umpteenth time: cryptocurrencies are vehicles for criminal activity and naked speculation, and nothing more. I am pleased that some criminal, grifter or sap got their phony money taken...

#6 | Posted by catdog at 2025-02-26 09:30 AM | Reply

The same ratio as leprechauns to unicorns.

#7 | Posted by LegallyYourDead at 2025-02-26 07:09 PM | Reply | Newsworthy 1

You surely remember the alleged Democrat Ukraine affiliated (SBF) Bankman Fried scam that cost "investors" billions.

time.com

I personally do not support Trumps enthusiasm about crypto. There is no intrinsic value other than proverbial musical chairs and demand of others. Gold has a couple thousand years of history as a store of wealth. Crypto has nothing other than current day hype and electronic binary numbers (0s and 1s) entries. There is nothing behind it.

#8 | Posted by Robson at 2025-02-26 09:49 PM | Reply