In short, Bybit was abysmally sloppy with their security.
this post was submitted on 24 Feb 2025
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How did you reach this conclusion from the article? It seemed for the most part Bybit was following good security practices
"For the most part" really doesn't cut it in an industry like this.
Some employees though, not so much
In history is funny given crypto is like the most recent possible thing to eist worth stealing at this level. Its like a decade and a half?
What proportion of their GDP is that?
$29.6 billion (2023). $1,217 GDP per capita. So about 5.01% of it's GDP.
GDP isn't a particularly useful measurement when a nation is that sanctioned, but it's a still a pretty hefty cash influx in the exact kind of currency that lets them evade those sanctions.
Internet says gdp of 23.34B so 6ish% of GDP.
Payment for the soldiers they sent to the grinder
There's a great podcast called "The Lazarus Heist" that goes into North Korea's activities in stealing huge sums of money. Well worth a listen.