Bybit $1.5 Billion Hack 2025: North Korean Linked Heist Shakes Crypto World

$1.5 billion in Ethereum vanished in a heartbeat. In February 2025, cyberattackers allegedly linked to North Korea executed a massive supply chain attack on the Bybit exchange. It's officially the largest digital asset theft in history, proving that even the most robust security layers can have fatal cracks.

Inside the Bybit $1.5 Billion Hack 2025: A Masterclass in Cybercrime

The attackers didn't just target users; they went for the core infrastructure. By exploiting multi-signature processes, they bypassed high-level security measures. According to industry reports, the market's reaction was swift—Bitcoin dropped 20% following the news. Despite the total crypto market value topping $4 trillion in October 2025, the incident highlighted the terrifying efficiency of state-sponsored hacking groups.

Infrastructure vs. Users: The New Battleground

Charles Guillemet, CTO of Ledger, notes that attackers are increasingly well-organized and well-funded. They aren't just looking for unwary users anymore; they're hunting for vulnerabilities in the underlying smart contracts and exchange backends. While self-custody remains a key advantage of crypto, it puts a massive responsibility on both providers and users to eliminate single points of failure.