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North Korean hackersTechCrunch
•Business
Business & Economics
70% Informative
Hackers who stole $1.4 billion in cryptocurrency from crypto exchange Bybit have moved nearly all of the robbed proceeds and converted them into Bitcoin .
North Korean hackers took steps to obscure the origins of the stolen cryptocurrency.
Experts say this is the first phase of the money laundering operation, but it's still unclear how much of it will be able to convert to cash.
As of this writing, Bybit has awarded only $4.3 million to 19 bounty hunters, according to the official page of the bounty. Bybit did not respond to a request for comment..
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