Foreign News
North Korean hackers cash out hundreds of millions from $1.5bn ByBit hack
Hackers thought to be working for the North Korean regime have successfully cashed out at least $300m (£232m) of their record-breaking $1.5bn crypto heist.
The criminals, known as Lazarus Group, swiped the huge haul of digital tokens in a hack on crypto exchange ByBit two weeks ago.
Since then, it’s been a cat-and-mouse game to track and block the hackers from successfully converting the crypto into usable cash.
Experts say the infamous hacking team is working nearly 24 hours a day – potentially funnelling the money into the regime’s military development.
“Every minute matters for the hackers who are trying to confuse the money trail and they are extremely sophisticated in what they’re doing,” says Dr Tom Robinson, co-founder of crypto investigators Elliptic.
Out of all the criminal actors involved in crypto currency, North Korea is the best at laundering crypto, Dr Robinson says.
“I imagine they have an entire room of people doing this using automated tools and years of experience. We can also see from their activity that they only take a few hours break each day, possibly working in shifts to get the crypto turned into cash.”
Elliptic’s analysis tallies with ByBit, which says that 20% of the funds have now “gone dark”, meaning it is unlikely to ever be recovered.
The US and allies accuse the North Koreans of carrying out dozens of hacks in recent years to fund the regime’s military and nuclear development.
On 21 February the criminals hacked one of ByBit’s suppliers to secretly alter the digital wallet address that 401,000 Ethereum crypto coins were being sent to.
ByBit thought it was transferring the funds to its own digital wallet, but instead sent it all to the hackers.

Ben Zhou, the CEO of ByBit, assured customers that none of their funds had been taken.
The firm has since replenished the stolen coins with loans from investors, but is in Zhou’s words “waging war on Lazarus”.
ByBit’s Lazarus Bounty programme is encouraging members of the public to trace the stolen funds and get them frozen where possible.
All crypto transactions are displayed on a public blockchain, so it’s possible to track the money as it’s moved around by the Lazarus Group.
If the hackers try to use a mainstream crypto service to attempt to turn the coins into normal money like dollars, the crypto coins can be frozen by the company if they think they are linked to crime.
So far 20 people have shared more than $4m in rewards for successfully identifying $40m of the stolen money and alerting crypto firms to block transfers.
But experts are downbeat about the chances of the rest of the funds being recoverable, given the North Korean expertise in hacking and laundering the money.
“North Korea is a very closed system and closed economy so they created a successful industry for hacking and laundering and they don’t care about the negative impression of cyber crime,” Dr Dorit Dor from cyber security company Check Point said.
Another problem is that not all crypto companies are as willing to help as others.
Crypto exchange eXch is being accused by ByBit and others of not stopping the criminals cashing out.
More than $90m has been successfully funnelled through this exchange.
But over email the elusive owner of eXch – Johann Roberts – disputed that.
He admits they didn’t initially stop the funds, as his company is in a long-running dispute with ByBit, and he says his team wasn’t sure the coins were definitely from the hack.
He says he is now co-operating, but argues that mainstream companies that identify crypto customers are abandoning the private and anonymous benefits of crypto currency.

North Korea has never admitted being behind the Lazarus Group, but is thought to be the only country in the world using its hacking powers for financial gain.
Previously the Lazarus Group hackers targeted banks, but have in the last five years specialised in attacking cryptocurrency companies.
The industry is less well protected with fewer mechanisms in place to stop them laundering the funds.
Recent hacks linked to North Korea include:
- The 2019 hack on UpBit for $41m
- The $275m theft of crypto from exchange KuCoin (most of the funds were recovered)
- The 2022 Ronin Bridge attack which saw hackers make off with $600m in crypto
- Approximately $100m in crypto was stolen in an attack on Atomic Wallet in 2023
In 2020, the US added North Koreans accused of being part of the Lazarus Group to its Cyber Most Wanted list. But the chances of the individuals ever being arrested are extremely slim unless they leave their country.
[BBC]
Foreign News
Motorbike raids on villages kill dozens in Nigeria
Gunmen on motorcycles have killed dozens of people in dawn raids across three villages in north-western Nigeria.
Armed men shot locals dead, set homes alight and abducted an unknown number of people in Niger State, Musa Saidu, head of the State Emergency Management Agency (Sema), told the BBC.
The attacks on Saturday morning occurred near the site of a suspected jihadist massacre earlier this month, in which more than 100 people were killed in a similar ambush.
Armed criminal gangs, known as bandits, have carried out attacks and kidnappings in Nigeria for years, mainly targeting those in the north-west – but reports of attacks in other parts of the country have risen sharply more recently.
Bandits swooped on the village of Tunga-Makeri early in the morning, before striking the nearby villages of Konkoso and Pissa, local officials said.
Police said six people were killed in one incident, and 20 more in the attacks on Konkoso and Pisa.
Officials confirmed at least 29 people had been killed as of Saturday, but Saidu said that death toll could rise.
The number of people abducted is also unknown because many residents fled their homes and ran into the nearby bush or neighbouring communities, he said.
“People are afraid because you can’t tell which community is going to be next,” he added.
A security report cited by AFP news agency said bandits came on 41 motorcycles, each carrying two or three men.
Abdullahi Rofia, a resident of neighbouring Agwara, told the BBC that many displaced people have taken shelter in his community, which was itself attacked two weeks ago.
“People are so traumatised, they no longer go to farm nor do they go to market,” he said.
“The bandits are not interesting in stealing or looting – they are more interested in killing and terrorising locals.”
Authorities have introduced emergency measures, including a restriction on late-night gatherings and a “partial curfew” that bans motorcycle taxis from operating after 20:00 local time (19:00 GMT).
Police confirmed that security teams have been deployed and rescue efforts are ongoing.
Nigeria’s leaders are under pressure to curb violence, with jihadist groups active in the north-west and separatist insurgents based in the country’s south-east.
The US launched Christmas Day strikes targeting Islamist militants in Nigeria’s northern Sokoto state and President Donald Trump warned of further attacks “if they continue to kill Christians”.
Many of the victims of jihadist violence are Muslim, according to organisations monitoring political violence in Nigeria.
A Nigerian official told BBC last month that 200 suspected bandits had been killed in an operation in the central Kogi state.
It came after more than 250 children and staff were abducted from a Catholic school in Papiri, in one of the largest recent mass-kidnappings. Their release was later secured.
[BBC]
Foreign News
Rubio says US and Europe ‘belong together’ despite tensions
Marco Rubio has assured European leaders the US does not plan to abandon the transatlantic alliance, saying its destiny “will always be intertwined” with the continent’s.
The US secretary of state told the Munich Security Conference: “We do not seek to separate, but to revitalise an old friendship and renew the greatest civilisation in human history.”
He criticised European immigration, trade and climate policies, but the overall tenor of the closely-watched speech was markedly different to Vice President JD Vance’s at the same event last year, during which he scolded continental leaders.
European Commission President Ursula von der Leyen said she was “very much reassured” by Rubio’s remarks.
Rubio, the Trump administration’s most senior diplomat, said it was “neither our goal nor our wish” to end the transatlantic partnership, adding: “For us Americans, our home may be in the Western Hemisphere, but we will always be a child of Europe.
“And I am here today to leave it clear that America is charting the path for a new century of prosperity, and that once again we want to do it together with you, our cherished allies and our oldest friends.”
However, he repeated several criticisms repeatedly levelled at Europe by the Trump administration, including describing immigration policies as a threat to civilisation, and saying a “climate cult” had taken over economic policy.
On trade, he said Europe and the US had “made mistakes together” by adopting a “dogmatic vision of free and unfettered trade”.
He repeated familiar calls from the US for Europe to invest more in defence, saying: “We want allies who can defend themselves so that no adversary will ever be tempted to test our collective strength.”
In response, von der Leyen said: “Rubio is a good friend, a strong ally. And this was, for me, very reassuring to listen to him.”
She continued: “We want a strong Europe. And this is, I think, the message of today.”
Elsewhere in his half-hour address, Rubio said the system of international co-operation “must be rebuilt” and singled out the UN for particular criticism, saying it had “played virtually no role” in resolving the Gaza and Ukraine conflicts.
He also said the organisation was “powerless to constrain the nuclear programme” of Tehran.
In recent weeks, US President Donald Trump has threatened strikes on Iran if a deal to curb its nuclear programme can be reached, as negotiations between the two intensify.
A second round of talks will be hosted by Oman in Geneva next week, the Swiss foreign ministry said on Saturday.
Outside the conference, an estimated 200,000 protesters held a rally against the Iranian government, local police report.
The demonstrators denounced the country’s leadership, following the government crackdown on January’s protests in which thousands of people were killed.

Rubio also said the US did not know whether the “Russians are serious about ending the war” in Ukraine, before adding: “But we’re going to continue to test it.”
Ukraine’s President Volodymyr Zelensky told the conference later on Saturday that no one in Ukraine believed his Russian counterpart Vladimir Putin would leave the country alone, describing the Russian leader as a “slave to war”.
Zelensky has come under pressure from the White House to hold presidential elections, which have been suspended while the country is under martial law.
Asked about a Financial Times report that his administration was planning for elections as soon as May, Zelensky said it was “something new to me” and repeated that “nobody supports elections during the war”.
He said that Ukraine would need “two months of ceasefire” and “security infrastructure” to safely conduct elections.
[BBC]
Foreign News
Two Britons among three dead in French Alps avalanche
Two Britons and one French person have died in an avalanche in the French Alps on Friday.
The British pair were part of a group of five people skiing off-piste with an instructor in the Manchet valley, near Val d’Isère, a spokeswoman for the resort told the BBC.
The French national was skiing alone when the avalanche struck at 11:30 local time (10:30 GMT), Albertville prosecutor Benoit Bachelet said in a statement announcing the deaths.
Another British person has minor injuries, he added.
A spokesperson for the Foreign Office told the BBC they are aware of the death of the two British men and they are “in contact with the local authorities and stand ready to offer consular assistance”.
A manslaughter investigation has now been launched by the Albertville public prosecutor’s office and will be carried out by CRS Alpes mountain rescue police.
The ski instructor, who was unharmed, tested negative after taking alcohol and drug tests, according to Bachelet.
Val d’Isère already experienced avalanches this winter, with one person dying in the resort of Tignes nearby last month.
France’s national weather service had issued a red alert for avalanche risk across the Savoie region on Thursday, which was then lifted on Friday. But the risk level remained high across the Alps with “very unstable snow cover”.
The avalanche comes in the wake of Storm Nils, which passed through France the day before, leaving between 60cm and 100cm of snow, the weather service said.
There have been a number of fatal avalanches in the region in recent weeks, including the death of a British man off-piste skiing at the La Plagne resort in January.
“We have had some very complicated, very unstable snow since the beginning of the season,” Luc Nicolino, slopes manager at La Plagne, told AFP.
“It’s a kind of mille-feuille with many hidden, fragile layers.”
[BBC]
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