WATCHGLOBALStablecoins
Stealing $1.5B in crypto is easy, cashing out is the trap
North Korean hackers stole around $1.5 billion from Bybit in February 2025. While the hack itself has been widely covered and analyzed, few have focused on what happened afterward and what became of the stolen funds.…
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LIVE CRYPTO INTELLIGENCEStablecoins · PaymentsGLOBAL · Monitoring · MONITORING
SOURCE STATUSMONITORING
Single-source reportAwaiting independent confirmation · Confidence 59%
Full brief
Why it matters
Security incidents can change the risk profile of a protocol or service quickly, especially when losses, access controls or affected systems are still being established.
Key details
Verified amount: $12 million.
Verified amount: $1 billion.
Verified amount: $24 billion.
Verified amount: $349.
What to watch
Watch for a first-party incident report, confirmed loss figures, affected contracts or wallets, remediation steps and evidence that the attack path has been closed.