Bybit Technology, a major Dubai-based cryptocurrency exchange, has become the target of the largest cryptocurrency heist to date, with $1.5 billion worth of Ethereum stolen by the North Korean hacking group Lazarus Group. In response to the incident, Bybit has announced a substantial bounty program that offers up to $140 million to anyone who can assist in the recovery of the stolen funds. Additionally, Bybit is launching the 'HackBounty platform' to promote a collective effort in the industry to combat crypto-theft operations. The compromise of SafeWallet's cloud accounts and the modification of its JavaScript code facilitated the heist, although SafeWallet maintains that no vulnerabilities were found in its smart contracts or source code after a forensic review.
"id": "byb551022725",
"linkid": "bybitexchange",
"type": "Breach",
"date": "2/2025",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"