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# Bybit Endures a Digital Intrusion: Criminals Shift 62,200 ETH, Might Exhaust Assets in 3 Days
Following a substantial $1.4 billion digital currency robbery (suspected to be the biggest on record), the North Korean Lazarus Group has escalated its illegal conversion of Bybit’s holdings.
Digital attackers relocated 62,200 ETH (valued at $138 million) once more on March 1st. Crypto researcher EmberCN’s assessment suggests that this leaves them with just 156,500 ETH, left over from the original burglary on February 21st.
The newest relocation brings the total sum illegally converted to roughly 343,000 ETH, almost 68.7% of the 499,000 ETH pilfered in the February 21st assault. At the present tempo, EmberCN forecasts the criminals will exhaust the outstanding assets within the next three days.
This quickened illegal conversion is transpiring despite current involvement by the FBI, who formally accused North Korea for the $1.5 billion intrusion in a Public Service Announcement on February 26th. Toncoin (TON) Value Forecast for March 26th
### FBI Affirms North Korea’s Accountability
According to the FBI’s declaration, North Korea is accountable for the larceny of about $1.5 billion in virtual assets from the crypto exchange Bybit around February 21, 2025.
The FBI has labeled this specific North Korean digital undertaking as “Trader Traitor.”
The declaration specifies that the “Trader Traitor” operatives acted swiftly, already transforming some of the pilfered assets into Bitcoin and other digital currencies, dispersing them across thousands of locations on numerous blockchains.
FBI officials predict that these assets will be additionally illegally converted and ultimately transformed into fiat currency.
The FBI is proactively seeking aid from the private division. They are also requesting RPC node operators, exchanges, bridges, blockchain analytics firms, DeFi services, and other virtual asset service suppliers to impede transactions linked with the locations utilized by the “Trader Traitor” operatives for illegal conversion.
After the digital intrusion, the blockchain analysis enterprise Elliptic has amplified its surveillance efforts, pinpointing more than 11,000 digital wallet locations potentially connected to the undertaking. The Federal Bureau of Investigation has also intervened, disseminating locations allied with the perpetrators.
Chainalysis indicates that the perpetrators are utilizing a combination of strategies to obscure their digital footprints, encompassing the conversion of a portion of the misappropriated Ethereum into Bitcoin, DAI stablecoin, and alternative holdings.
The assembly is predominantly leveraging immediate exchange platforms that do not mandate KYC (Know Your Customer) authentication, alongside cross-chain conduits and decentralized trading platforms to sanitize the illicit proceeds.
