CyberWire Daily
The masterminds behind a $1.5 billion heist.
Feb 27, 2025
Adam Marré, CISO at Arctic Wolf and a former FBI special agent, dives into the complexities of social media regulation. He discusses the national security risks posed by TikTok, advocating for comprehensive regulation rather than an outright ban. Marré emphasizes the importance of transparency in social media algorithms to safeguard against foreign influence. The conversation also highlights urgent cybersecurity needs and the evolving landscape of cyber threats, particularly in the context of state-sponsored attacks.
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Quick takeaways
- The $1.5 billion Bybit hack, linked to North Korean hackers, highlights the sophistication of crypto-related cybercrime and its impact on security.
- Cellebrite's suspension of services in Serbia due to alleged misuse demonstrates growing ethical concerns over law enforcement access to hacking tools.
Deep dives
North Korean Hackers Target Cryptocurrency Exchange
North Korean hackers were identified as the perpetrators behind the theft of $1.5 billion worth of Ethereum from the Bybit cryptocurrency exchange, with links established to the Lazarus Group. Investigations revealed that malicious code originating from SafeWallet's infrastructure was the root cause. The attackers injected malicious JavaScript into the wallet management application to compromise high-value targets, while remaining undetected by regular users. This hack marks the largest crypto heist in history, surpassing previous notable thefts.
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