Bybit $1.5 billion stolen: Here’s how the biggest crypto heist took place

Bybit, a major cryptocurrency exchange, last month became the victim of what is being estimated as the largest crypto heist till date as hackers stole nearly $1.5 billion in digital Federal Bureau of Investigation (FBI) has held North Korea responsible for the theft, referring to the malicious cyber activity as 'TraderTraitor,' Reuters , a question that many want to know is how the cybercriminals carried out the biggest crypto heist in history. Here we take a look at all that hack: What happenedBen Zhou, Bybit's chief executive, had on February 21 logged into his computer for approving a transaction as the cryptocurrency exchange was to shift a major chunk of digital currency Ether from an account to the , around 30 minutes after the transaction, Zhou received a phone call from the company's chief financial officer, who informed him that their system was hacked, adding that all the Ethereum is gone, The New York Times reported.