Disastrous $1.5bn Bybit heist surpasses 2024’s biggest hacks, triple the scale of Mt. Gox

5 months ago 57

Nearly $1.5 cardinal successful cryptocurrency was stolen from Bybit connected Friday.

This has been the largest crypto heist successful past and perchance the biggest “single theft of immoderate benignant ever recorded,” according to Elliptic co-founder and main idiosyncratic Tom Robinson.

Security researchers person linked the attack to North Korean hackers from the notorious Lazarus Group.

This radical is nary alien to high-profile exploits. Lazarus was besides liable for pilfering $600 cardinal from the Ronin Network successful March 2022.

This record-setting incidental dwarfs the combined losses of the apical 5 hacks of 2024, which full astir $958 million.

The Japanese speech DMM Bitcoin suffered a monolithic onslaught successful May erstwhile hackers exploited vulnerabilities to bargain much than 4,500 Bitcoin valued astatine $308 million. This stroke yet forced the level to cease operations.

South Korea’s blockchain gaming app PlayDapp was targeted doubly successful February; first, erstwhile hackers hijacked its token-minting astute declaration to nutrient 200 cardinal tokens worthy $26 million. Then an further 1.6 cardinal tokens valued astatine $264 cardinal were astir minted earlier PlayDapp intervened.

India’s WazirX experienced a breach of its multi-signature wallet that resulted successful a $235 cardinal loss, portion some Radiant Capital and the NFT task Munchables were deed with multi-million dollar attacks, each losing astir $62.5 million.

To enactment the magnitude of the Bybit heist successful perspective, see Mt. Gox.

In February 2014, the aboriginal Bitcoin speech suffered a catastrophic stroke erstwhile 850,000 Bitcoins disappeared — an magnitude that was valued astatine astir $400 cardinal astatine the clip but would beryllium worthy implicit $80 cardinal today.