FBI Seeks Crypto Industry Help to Track, Block Laundering of Bybit Hack Funds

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The Federal Bureau of Investigation (FBI) asked for crypto manufacture assistance successful tracking and blocking transactions intended to launder the $1.5 cardinal stolen from Bybit by North Korean hackers.

The FBI published a database of Ethereum addresses that are holding oregon person held assets from the theft in a nationalist work announcement connected Wednesday. The announcement reiterated the country's engagement 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 successful the largest ever hack of a crypto speech past week.

The illicit actors are converting immoderate of their stolen assets to bitcoin (BTC) and different cryptocurrencies "across thousands of addresses connected aggregate blockchains," the PSA said. The FBI said it expects the assets to beryllium laundered further and yet converted to fiat currency.

Read More: Bybit Declares ‘War connected Lazarus’ arsenic It Crowdsources Effort to Freeze Stolen Funds

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