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Home ยป Crypto Exchange eXch to Cease Operations on May 1 Following Accusations of Laundering $35 Million from Bybit Hack
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Crypto Exchange eXch to Cease Operations on May 1 Following Accusations of Laundering $35 Million from Bybit Hack

By adminApr. 18, 2025No Comments1 Min Read
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Crypto Exchange eXch to Cease Operations on May 1 Following Accusations of Laundering $35 Million from Bybit Hack
Crypto Exchange eXch to Cease Operations on May 1 Following Accusations of Laundering $35 Million from Bybit Hack
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On February 21, 2025

A group of hackers from North Korea stole the largest cryptocurrency heist in history after stealing $1.5 billion in Ethereum tokens from the Dubai-based cryptocurrency exchange ByBit. The hackers exploited a free storage software product that ByBit used to move Ethereum to another location, most likely coupled with phishing attacks to access control and download malware.

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