Bybit has already paid more than $4 million to bounty hunters who helped trace and freeze some of the stolen funds.

The Federal Bureau of Investigation (FBI) has confirmed that North Korean hackers, operating under the codename “TraderTraitor,” were behind the theft of approximately $1.5 billion in virtual assets from ByBit,

According to Bybit's holdings, that amounts to $1.5 billion in cryptocurrency that was stolen from Bybit and its customers, making this the largest ever cryptocurrency theft. However, as Molly White of Web3IsGoingGreat points out, the hacker can't exactly cash out $1.5 billion in Ethereum, because an amount that high would crash the value of ETH.