North Korea’s Lazarus Group pulled off the $1.5B Bybit hack, making it the biggest crypto heist ever. Here’s how they did it—and what’s next.

Assets were stolen from Dubai-based cryptocurrency exchange Bybit earlier this month, in what's believed to be the largest-ever digital heist.

North Korean hackers have stolen $1.5 billion in cryptocurrency in a single heist, making it the largest crypto hack on record, security experts told CNN.

The FBI has accused North Korean-linked hackers of conducting one of the largest known thefts of cryptocurrency — worth some $1.5 billion — from a Dubai-based firm.

The FBI referred to the attack as “TraderTraitor,” a malicious campaign linked to North Korean state-sponsored hackers the Lazarus Group.

Last week, a group of hackers reportedly backed by North Korea pulled off what has been determined to be the biggest heist in history. According to a report

Bybit, one of the major cryptocurrency exchanges, launched a bounty program offering up to $140 million for trace or freeze the stolen funds.

The Federal Bureau of Investigation said on Wednesday that North Korea was responsible for the theft of approximately $1.5 billion in virtual assets from cryptocurrency exchange ByBit. The agency said it refers to this specific North Korean malicious cyber activity as "TraderTraitor.

North Korea is behind the massive crypto hack, according to several blockchain monitoring firms and a well-known researcher

As news started spreading about a massive hack on crypto exchange Bybit last Friday, cybersecurity researchers quickly concluded that the era of giant digital-asset heists had entered a new and potentially ruinous phase.