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Cyber Heist Alert: The $1.4 Billion Bybit Incident

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Hello, tech enthusiasts! Buckle up because we have some jaw-dropping news from the cyber world!

The FBI has stated that the infamous North Korean government is behind a massive cyberattack on the crypto exchange Bybit. This heist led to the theft of over $1.4 billion worth of Ethereum!

On February 21, Bybit disclosed that hackers exploited vulnerabilities, resulting in a staggering loss of 401,346 Ethereum. The FBI later attributed this audacious act to a group dubbed TraderTraitor.

In an attempt to recover the stolen funds, Bybit has put forth an impressive $140 million bounty to track down the culprits!

According to the FBI’s advisory, the TraderTraitor group is quickly moving and has already converted some of the stolen assets into Bitcoin, dispersing them across multiple blockchain addresses.

Stay tuned, as the cyber world continues to witness these astonishing heists, and remember to keep your cryptocurrency secure!

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Written by Nuked

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