Safe{Wallet} Confirms North Korean TraderTraitor Hackers Stole $1.5 Billion in Bybit Heist
Mar 07, 2025
Security Breach / Cryptocurrency
Safe{Wallet} has revealed that the cybersecurity incident that led to the Bybit $1.5 billion crypto heist is a "highly sophisticated, state-sponsored attack," stating the North Korean threat actors behind the hack took steps to erase traces of the malicious activity in an effort to hamper investigation efforts. The multi-signature (multisig) platform , which has roped in Google Cloud Mandiant to perform a forensic investigation, said the attack is the work of a hacking group dubbed TraderTraitor , which is also known as Jade Sleet, PUKCHONG, and UNC4899 . "The attack involved the compromise of a Safe{Wallet} developer's laptop ('Developer1') and the hijacking of AWS session tokens to bypass multi-factor authentication ('MFA') controls," it said . "This developer was one of the very few personnel that had higher access in order to perform their duties." Further analysis has determined that the threat actors broke into the developer...