The biggest crypto hack in the Cryptocurrency Market was recently, which stolen a $ 1.4 billion. In this hack, the Cryptocurrency Exchange bybit was targeted. Bybit hack Behind the North Korean hacker group “Tradertraitor” has been reported. According to a recent investigation, the reason behind this hack was a fraud project called a “Stock Investment Simulator”, which infected the MAC Computer of the developer. In this article, we will know in detail how it is hacked and what results can be.
Hack method, malware and AWS security violation
There was a complex cyber attacking plan behind Bybit’s victim of $ 1.4 billion hacks. According to the report, this hack started on February 4, 2025 when a fraud project as a “Stock Investment Simulator” was downloaded on Mac Computer of “Developer1” developer “Developer1”. The real purpose of this project was to connect to a suspected domain (.) com) to enter the malware system.
This malware was successful in bypassing AWS’s multi-factor authentication (MFA) security. Hackers stole the AWS session tokens of “Developer1”, and then reached AWS services without crossing MFA checks. In this way, hackers made access to data and funds on a large scale without any hindrance.
The report also revealed that hackers used VPN and offensive hacking tools, ensuring that they could hide their identity and carry out the attack. However, when the hackers removed their malware from the system and cleared the Bash Historical Past, some parts were interrupted.
Safeguard {pockets} and bybit response
After the attack, Safeguard {Pockets} took immediate steps to further strengthen security. The company resetted its infrastructure and banned external access. In addition, together with the blockchain security firm Blockaid, he improved the detection process of Malisius transactions. Safeguard also made it clear that his smart contracts were not affected by the attack, which provided some relief to investors.
Bybit Alternate also revealed that about 20% stolen funds are now unable to trace. With whom Bybit CEO said, 20% fund could not be traced Is. A few days after this cyber attack, he announced that about 77% of the stolen funds can still be traced, while the remaining 20% have disappeared through “mixing services”, which make the funds even more difficult to track.
Conclusion
The $ 1.4 billion hack on Bybit Crypto is considered the biggest cyber attack in history, and the reason behind it was a simple -looking “Stock Investment Simulator” malware spread through the project. The phenomenon highlights the increasing dangers in cyber security and a serious need for criplocharcy exchanges. Safeguard {pockets} and bybit immediately took action, but the “disappearance” of the funds by hackers shows how dangerous and complicated such attacks can be. It is an important warning for the Cryptocurrency Industry that it is extremely necessary to pay attention to security.
