North Korean Cyberattacks Cripple Cryptocurrency Market, Leaving $1.5 Billion Hole

A devastating cyberattack orchestrated by North Korea’s notorious Lazarus Group has left cryptocurrencies reeling, impacting the market with a significant loss of over $1.5 billion from Bybit. This attack, marking one of the largest in cryptocurrency history, highlights the urgent need for robust security measures across the industry. 8.2% drop in Ethereum price serves as an immediate indicator of the market’s sensitivity to such incidents. FBI and international partners are actively working to recover the stolen funds, while concerns about regulatory action and potential market volatility surge.