Overview

The FBI has requested the cryptocurrency industry’s help in tracking and blocking transactions aimed at laundering $1.5 billion that was stolen from Bybit by North Korean hackers.
The agency released a list of Ethereum addresses linked to the theft in a public service announcement, highlighting North Korea’s involvement as part of TraderTraitor activities.

Key Points

• The FBI asks for cooperation in tracking and blocking laundering transactions.
• A public service announcement surfaced listing Ethereum addresses related to the theft.
• The alleged North Korean hackers are converting stolen assets into BTC and other cryptocurrencies across multiple platforms.

Additional Information

The FBI expects the stolen funds to be further laundered and eventually converted into fiat currency. The security breach has been attributed to the Lazarus group, known for its connections to North Korea.

For further reading, check out the article: Bybit Declares ‘War on Lazarus’.