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

North Korea’s $1.4 billion attack on Bybit saw crypto lost to hacks, scams and exploits rise to over $1.52 billion in February, says CertiK.

The FBI has accused the North Korean Lazarus Group of being behind the largest cryptocurrency theft in history.

FBI has confirmed that North Korean hackers stole $1.5 billion from cryptocurrency exchange Bybit on Friday in the largest crypto heist recorded until now.

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 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.

While North Korea is well-known for cyber attacks, their latest hack is officially the biggest heist in history with $1.5 billion in stolen funds.

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