Rental properties are massively sold

Following a whole series of blockchain trackers, the American investigation service FBI is now drawing the conclusion that North Koreans are responsible for the greatest cryptobankroof of all time. It became in the night from Friday to Saturday committed at the Grote Beurs Bybit. The equivalent of around 1.5 billion dollars in crypto coins was channeled away. The stolen coins are mainly Ethers, the mint of the Ethereum blockchain.

It seems that this happened during a transaction. To move crypto coins, so-called 'hardware wallets' are often used, on which the safe keys are stored who evidence of who the coins are. Those keys are needed to give permission for a transaction. In this case, part of that process was automated and a kind of online robots were used, Smart Contracts. And there it probably went wrong somewhere. The producer of the hardware wallets and the stock exchange point to each other.

In the meantime, a manhunt is going on online. If the perpetrators want to be able to buy something with the closed cryptocurrency (eating, uranium for nuclear weapons or rockets), they can best convert it into traditional money and then preferably in cash, because that cannot be followed.

To do that, the thieves lock it as quickly as possible to all kinds of corners of the internet and try to conceal the track on the blockchain (a transparent online database of transactions). The investigators try that transactions With the aim of preventing them and leting the money on the blockchain freeze, so that it cannot disappear further and hopefully ever go back to the rightful owners. Bybit has promised a reward for those who successfully help with that. There is 5 percent of the loot to be earned.

Bybit has more than 60 million customers worldwide. In the Netherlands, the exhibition currently only operates indirectly, since September 2023 through the registration of the relatively unknown trade fair Satos. Bybit was active for that, but without the right papers and is before that fined by De Nederlandsche Bank.