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IT News<p>How the Crypto Exchange Bybit Lost $1.5 Billion to North Korean Hackers - The cryptocurrency exchange Bybit lost $1.5 billion to North Korean hackers last month — ... - <a href="https://www.nytimes.com/2025/03/06/technology/bybit-crypto-hack-north-korea.html" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">nytimes.com/2025/03/06/technol</span><span class="invisible">ogy/bybit-crypto-hack-north-korea.html</span></a> <a href="https://schleuss.online/tags/regulationandderegulationofindustry" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>regulationandderegulationofindustry</span></a> <a href="https://schleuss.online/tags/bankingandfinancialinstitutions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bankingandfinancialinstitutions</span></a> <a href="https://schleuss.online/tags/computersandtheinternet" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>computersandtheinternet</span></a> <a href="https://schleuss.online/tags/cyberattacksandhackers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cyberattacksandhackers</span></a> <a href="https://schleuss.online/tags/robberiesandthefts" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>robberiesandthefts</span></a> <a href="https://schleuss.online/tags/computersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>computersecurity</span></a> <a href="https://schleuss.online/tags/virtualcurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>virtualcurrency</span></a> <a href="https://schleuss.online/tags/bybitfintechltd" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bybitfintechltd</span></a> <a href="https://schleuss.online/tags/lazarusgroup" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>lazarusgroup</span></a> <a href="https://schleuss.online/tags/socialmedia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>socialmedia</span></a> <a href="https://schleuss.online/tags/singapore" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>singapore</span></a> <a href="https://schleuss.online/tags/benzhou" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>benzhou</span></a></p>
☮ ♥ ♬ 🧑‍💻<p>“A major <a href="https://ioc.exchange/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrency</span></a> exchange (Bybit) says it was the victim of a sophisticated <a href="https://ioc.exchange/tags/hack" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>hack</span></a> that stole about $1.5 billion worth of <a href="https://ioc.exchange/tags/DigitalCurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DigitalCurrency</span></a>, marking one of the biggest <a href="https://ioc.exchange/tags/online" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>online</span></a> thefts of all time.”</p><p><a href="https://ioc.exchange/tags/APNews" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>APNews</span></a> / <a href="https://ioc.exchange/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> / <a href="https://ioc.exchange/tags/BenZhou" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BenZhou</span></a> / <a href="https://ioc.exchange/tags/Ethereum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Ethereum</span></a> &lt;<a href="https://apnews.com/article/bybit-exchange-crypto-hack-88256366c723a9de8327ef3d4071057e" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">apnews.com/article/bybit-excha</span><span class="invisible">nge-crypto-hack-88256366c723a9de8327ef3d4071057e</span></a>&gt;</p>
⚯ Michel de Cryptadamus ⚯<p>world's least serious <a href="https://universeodon.com/tags/bugbounty" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bugbounty</span></a> program used to protect one of the world's largest and most easily stolen piles of assets is a great case of "show me the incentives and i'll show you the outcomes".</p><p>whoever just stole $1.4 billion in crypto could have instead collected... $4,000 for reporting a vulnerability.</p><p>for comparison Apple and Google offer bug bounties in the $1 million+ range for compromising a phone.</p><p>this is not a serious industry.</p><p><a href="https://universeodon.com/tags/infosec" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>infosec</span></a> <a href="https://universeodon.com/tags/cybersecurity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cybersecurity</span></a> <a href="https://universeodon.com/tags/Bybit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bybit</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrency</span></a> <a href="https://universeodon.com/tags/benZhou" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>benZhou</span></a> <a href="https://universeodon.com/tags/ethereum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ethereum</span></a> <a href="https://universeodon.com/tags/ETH" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETH</span></a></p>