The FBI referred to the attack as “TraderTraitor,” a malicious campaign linked to North Korean state-sponsored hackers the Lazarus Group.

North Korean hackers have stolen $1.5 billion in cryptocurrency in a single heist, making it the largest crypto hack on record, security experts told CNN.

Cryptocurrency exchange Bybit said last week hackers had stolen digital tokens worth around $1.5 billion, in what researchers called the biggest crypto heist of all time.

According to Bybit's holdings, that amounts to $1.5 billion in cryptocurrency that was stolen from Bybit and its customers, making this the largest ever cryptocurrency theft. However, as Molly White of Web3IsGoingGreat points out, the hacker can't exactly cash out $1.5 billion in Ethereum, because an amount that high would crash the value of ETH.

As news started spreading about a massive hack on crypto exchange Bybit last Friday, cybersecurity researchers quickly concluded that the era of giant digital-asset heists had entered a new and potentially ruinous phase.

North Korea is behind the massive crypto hack, according to several blockchain monitoring firms and a well-known researcher

Data shows that North Korean hackers stole $1.34 billion across 47 incidents last year - a figure now eclipsed by this one breach

Bybit hack update: the exchange recovered $600M in ETH from Mirana Ventures after a $1.5B loss, restoring liquidity and operations.

The FBI, while late to the party, has confirmed the $1.4 billion theft of Ethereum from a Bybit cold wallet originated from North Korea.

North Korean hackers took just two minutes to make off with $1.5bn (£1.2bn) in cryptocurrency, cyber security researchers believe, in the single biggest heist in history.

Bybit clients withdrew almost $4 billion within two days of the attack; the company recovered just 3% of the total of the stolen crypto assets