Bybit News: $1.4 Billion Crypto Theft Linked to North Korean Hackers and AWS Security Breach

A recent investigation has revealed stunning details about the largest cryptocurrency theft in history, involving Bybit, North Korean hackers, and a breach of AWS security.

Bybit’s $1.4b Breach Linked to Stock Invest Malware, Investigation Reveals

North Korean hackers stole $1.4 billion from Bybit after breaching a SAFE Wallet developer’s Mac laptop through a fake stock investment project that helped them bypass AWS security, according to Mandiant’s investigation. The breach, which is now the largest crypto theft in history, occurred on Feb. 4, when the hackers used stolen AWS session tokens to bypass multi-factor authentication.

Bybit Web3 Expands bbSOL Utility with Jito Restaking

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has partnered with P2P to introduce rstSOL, a token minted when users stake their bbSOL through Jito’s restaking protocol. bbSOL holders can now deposit their tokens into the rstSOL vault on Jito, unlocking additional restaking rewards and enhanced capital efficiency. Bybit Web3 expands bbSOL utility in 10 DeFi use cases such as liquidity provision, lending, restaking, and yield trading. Jito (Re) staking is a multi-asset staking protocol designed for Node Consensus Networks (NCNs), allowing staked assets to be tokenized into Vault Receipt Tokens (VRTs), improving liquidity and flexibility.