Stealing $1.5B in crypto is easy, cashing: Security incident

North Korean hackers stole around $1.5 billion from Bybit in February 2025. While the hack itself has been widely covered and analyzed, few have focused on what happened afterward and what became of the stolen funds. To move all that money, hackers needed to rely on an entire network of people willing to handle stolen […] The post Stealing $1.5B in crypto is easy, cashing out is the trap appeared first on CryptoSlate .

Evidence boundary

Confidence describes the coverage of the available evidence. It is not a safety rating and does not guarantee that a protocol or asset is safe.

Sources

• https://cryptoslate.com/the-business-that-turns-north-korean-stolen-crypto-into-spendable-money/

Record history

First seen: 2026-10-10T12:00:37.000Z. Last updated: 2026-10-10T12:22:32.092Z. Revision: 1.