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Vultisig founder says DPRK-linked Bybit transactions are ‘legitimate’

Crypto wallet Vultisig celebrated making $200K in revenue before ZachXBT claimed it was the result of criminals shifting stolen Bybit funds.

FBI confirms North Korean ‘TraderTraitor’ to blame for $1.5 billion Bybit hack

According to the FBI, TraderTraitor has been rapidly converting stolen Bybit assets to bitcoin and other assets via multiple blockchains.

Fearing criminal repercussions for failing to prevent money laundering, ostensibly decentralized services are intervening in the Bybit hack.

Live reporting •

Bybit was hacked today for over $1.4 billion in ether and staked ether, according to blockchain analysts and the firm’s CEO.

Bybit’s CEO noted that Chinese users can use a VPN to access the exchange and noted the company hopes to reapply for a Hong Kong license.