The US Federal Bureau of Investigation has confirmed that North Korean hackers were behind what US media are calling the biggest crypto theft on record.
The FBI made the announcement on Wednesday. Last Friday, the Dubai-based cryptocurrency exchange Bybit said that it had digital assets worth about 1.5 billion dollars stolen in a cyberattack.
The FBI said the hackers are operating under the codename “TraderTraitor.”
It also said the TraderTraitor actors have already converted some of the stolen assets to bitcoin and other digital assets, and have dispersed them across thousands of addresses on multiple blockchains.
The agency added that it expects these assets will be further laundered and eventually converted to government-issued currency.
The TraderTraitor hackers are suspected of having stolen bitcoin worth about 305 million dollars from Japanese cryptocurrency exchange DMM Bitcoin last May.
