North Korean Hackers Were Behind Crypto's Largest 'Theft of All Time'
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Bybit hack attributed to North Korea’s Lazarus Group
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The attack appeared to have been caused by something called "Blind Signing," where a smart contract transaction is approved without the comprehensive knowledge of its contents.
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The hack that rocked the crypto market and saw most prices tumbling was called the "largest crypto theft of all time, by some margin," by Elliptic's Tom Robinson, co-founder and chief scientist. "The next largest crypto theft would be the $611 million stolen from Poly Network in 2021. In fact it may even be the largest single theft of all time."
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