by North Korean hackers only needed two minutes to start with USD 1.5 billion (1.2 billion GBP) in cryptocurrency, such as Cyber Security researchers in the greatest attack in history.
Post-Mortem reports commissioned by the Cryptocurrency Exchange Bybit, in which hundreds of millions of dollars in the Ethereum cryptocurrency were stolen by a group with Pyongyang in the past week, revealed details on how the hackers have rejected their systems.
The cyber attackers were able to compromise a so-called cold wallet from Bybit, a cryptocurrency exchange in Dubai. These hardware money exchanges that resemble an encrypted USB stick should be safe because they are kept offline and away from the Internet.
However, when the exchange of cryptocurrency tried to move funds from her hardware letter bag into an online account, the attackers were able to strike within seconds.
Cyber security experts from Sygnia and Verichains said that the chopped transaction was due to a violation in a technology called Safe Wallet after they had put together the events from digital records.
Two days before the incident, when North Korean hackers belong as part of the notorious Lazarus group of the rogue state, he injected malicious code into the online infrastructure of the safe wallet, with which she would communicate account when activated.
Safe Global, the company behind the wallet, said the hackers had managed to “impair the machine of a secure articles of time” and to blame the “sophisticated social engineering attacks of the Hacking Group”.
The malicious code was specially designed in such a way that bybits’s wallet was cracked. It was able to imitate the coded “signature” of three accounts, including Bitbit’s managing director when it was activated.
When Bybit tried to broadcast his funds at 2:15 p.m. last Friday at 2:15 p.m., the hackers quickly drained their wallets of 400,000 Ethereum coins with a backdoor function they had inserted.
According to Sygnia’s report “Two minutes after the malicious transaction was carried out, the hackers removed their code and escaped from the system before Bybit even realized that the money had disappeared.
After the North Korean group has been completed with the funds, it quickly worked on washing the funds with a series of cryptocurrency exchanges.
The hack represents the most devastating attack by North Korea’s cyber agents who are commanded by the state’s intelligence service and have the task of stealing funds from the West, financing the lands’ weapons of mass destruction.
It stolen it in the shadows of North Korea stolen $ 1.3 billion over the entire 2024.
