The US Federal Bureau of Investigation has issued a warning that North Korean-linked hackers have attacked the Bybit platform and are trying to launder the stolen funds.
North Korean Hackers Target Bybit
According to the FBI, North Korean hackers used sophisticated methods to siphon funds from Bybit. The agency strongly advises businesses, including RPC node operators, exchanges, and DeFi services, to block transactions tied to the stolen assets to prevent their use in funding illicit activities like weapons programs.
Role of the Crypto Industry
Crypto companies are urged to monitor transactions and block wallets linked to the TraderTraitor group. Inaction could lead these companies to become unwitting accomplices in global money laundering. This is not the first time North Korea has been accused of cybercrimes, with the Lazarus Group also known for major crypto heists.
What to Expect Next
With increased pressure from the FBI, crypto firms need to stay vigilant. Exchanges and DeFi platforms that don't take action could face regulatory scrutiny. Authorities will continue tracing the stolen funds in hopes of freezing them before they disappear permanently.
The FBI's warning serves as a reminder to the crypto industry about the need to improve security measures to prevent future attacks and protect platforms from cybercriminals.
