Source: BBC News [UK State Media]
“A company which fell victim to what’s thought to be the world’s biggest ever theft is seeking to recover some of its losses by crowdsourcing online bounty hunters. Last week, hackers believed to be from North Korea’s notorious Lazarus Group stole $1.46bn (£1.1bn) of cryptocurrency from ByBit, a crypto trading platform. The criminals are trying to rapidly cash out the hoard through a complex online money laundering process. ByBit is now offering cash rewards to anyone who spots and prevents them from cashing out. ‘Join us on war against Lazarus’ the company’s CEO Ben Zhou posted online with a link to a new website offering a bounty to anyone who can help. Cryptocurrencies are stored in public wallets anyone can look up so it’s possible to follow the money as the criminals split it into smaller chunks and send it through various channels to obscure its origins.” (02/26/25)