The Bybit Hack and the Future of Cybersecurity Compliance
USFCR
FEBRUARY 27, 2025
Imagine waking up to discover that $1.4 billion had vanished overnight. Thats exactly what happened when North Korean state-sponsored hackers infiltrated Bybit, one of the worlds largest cryptocurrency exchanges. This wasnt just another cyber attackit was the largest digital heist in history. For years, North Koreas infamous Lazarus Group has targeted financial institutions, particularly cryptocurrency exchanges, as a way to bypass global sanctions and fund the countrys nuclear ambitions.
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