In February 2025, hackers connected to North Korea stole $1.5 billion from Dubai-based crypto platform Bybit. This incident is the largest-ever crypto theft and accounts for 69% of all funds stolen this year. The attack highlights the vulnerability of even sophisticated industry entities to advanced persistent threats and the unprecedented risks faced by individual holders of cryptocurrency.
Source: https://therecord.media/chainalysis-crypto-stolen-billions
TPRM report: https://scoringcyber.rankiteo.com/company/bybitexchange
"id": "byb404071725",
"linkid": "bybitexchange",
"type": "Cyber Attack",
"date": "7/2025",
"severity": "100",
"impact": "2",
"explanation": "Attack limited on finance or reputation"
{'affected_entities': [{'industry': 'Financial Services',
'location': 'Dubai',
'name': 'Bybit',
'type': 'Crypto Platform'}],
'attack_vector': 'Advanced Persistent Threat',
'date_detected': '2025-02-01',
'description': 'Hackers connected to North Korea stole $1.5 billion from '
'Dubai-based crypto platform Bybit in February 2025.',
'impact': {'brand_reputation_impact': 'Significant',
'financial_loss': '$1.5 billion'},
'investigation_status': 'Ongoing',
'motivation': 'Financial Gain',
'references': [{'source': 'Chainalysis'}, {'source': 'TRM Labs'}],
'threat_actor': 'North Korea',
'title': 'Bybit Crypto Theft',
'type': 'Cryptocurrency Theft'}