‘Worst hack in history’: $2.4b pilfered from crypto exchange | Information Age

Broken pink pig moneybox with pieces scattered around the base.

Cybercriminals believed to be North Korean have stolen $2.4 billion in Ethereum. Photo: Shutterstock

Cryptocurrency exchange Bybit is scrambling to recover approximately $2.4 billion worth of digital assets pilfered by suspected North Korean cybercriminals.

Marking the “biggest cryptocurrency heist ever recorded”, the Dubai-based company reported Saturday morning that an attacker had manipulated a routine transaction between two crypto wallets (one offline and one online) to effectively gain control over billions in Ethereum cryptocurrency.

After the hacker sent some $2.4 billion ($US1.5 billion) of the currency to an unidentified address, co-founder and chief executive Ben Zhou described the incident as the…

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