February 27, 2025
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FBI SEEKS Crypto Industry Help to Track, Block Laundering of Bybit Hack Funds

The FBI Reiterated North Korean Involvement, and Identified The Activity As Tradertraitor.”, – WRITE: www.coindesk.com

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The FBI Reiterated North Korean Involvement, and Identified The Activity As Tradertraitor. Feb 27, 2025, 9:30 AM UTC

FBI Symbol on Side of A Building.FBI (David Trinks/Unsplash)

What to Know:

  • The FBI Asked for Crypto Industry Help in Tracing and Blocking Transactions Intended to Launder the $ 1.5 Billion Stolen from Bybit by North Korean Hackers.
  • The Law-Enforcement Agency Referred this Particular North Korean Cyber ​​Activity As “Tradertraitor.”
  • The FBI Published A List of Ethereum Addresses that are Holding or have Held Assets from Theft.
The Federal Bureau of Investigation (FBI) Asked for Crypto Industry Help in Tracing and Blocking Transactions Intended to Launder The $ 1.5 Billion Stolen from BYBIT BYBIT.

The FBI Published A List of Ethereum Addresses that are Holding or have Held Assets from Theft in a Public Service AnnounComent on Wednesday. The Announcement Reiterated the Country’s Involvement and Labeled It A Tradertraitor Activity.

The Hack Had Already Been Attributed to the North Korea-Linked Lazarus Group by Blockchain Analytics Firms. The Ether and Eth Staking Tokens Were Stolen in the Largest Ever Hack of A Crypto Exchange Last Week.

The Illicit Actors Converting Some Stolen Assets to Bitcoin (BTC) and Other Cryptocurrencies “Across Thouses of Addresses on Multiple Blockchains,” The Psa. The FBI SAID IT Expects of the Assets to Be Laundered Further and Eventualally Convertred to Fiat Currency.

Read More: Bybit Declares ‘War On Lazarus’ As It CrowdSources Effort to Freeze Stolen Funds

Jamie crawleyJamie Joined Coindesk As A News Reporter In February 2021 After Writing Widly About Crypto and Blockchain for Two Years in Other Roles. Away from Crypto, Jamie Runs A Lot and Loves All Things Sport. He Holds Small Amounts of BTC, ETH, ADA AND LTC.

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Jamie crawley

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