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Bybit Confirms Record-Breaking $1.46 Billion Crypto Heist in Sophisticated Cold Wallet Attack

The cryptocurrency exchange Bybit has suffered a $1.46 billion theft from one of its Ethereum cold wallets in a “sophisticated” attack, marking the largest ever crypto heist. Reports suggest that the North Korea-based Lazarus Group is responsible for the theft. All other Bybit cold wallets are reportedly secure, and the case has been reported to authorities.

Source: thehackernews.com –

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Identity and Access Management (IAM)

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