Money places in South Africa checked their safety locks after bad people took money from a money place far away. These bad people took $1.5 billion, which equals R27.5 billion rand. This happened on Friday at a place called Bybit in Dubai.
Money places in South Africa told a news company they have good locks against these bad people. They said they always need to make sure their locks work well. Bybit is the second biggest money place in the world where people trade special computer money.
This was a very big and clever attack. The bad people took the money when Bybit moved funds from a safe place to a working place. They stole more than 400,000 pieces of special computer money called Ethereum. People who had money in Bybit wanted to take it out fast. They stopped worrying when Bybit said they had enough money saved to replace what was stolen.
Bybit started a search for the stolen money. They will give a prize worth 10 percent to good computer experts who help find it. The attack happened when Bybit moved money between two places. The bad people tricked the computer by showing the right address but changing what happened next. This lets them control the money wallet and move all the money away.
During the weekend, people found out a group from North Korea called Lazarus Group did this attack. This group has taken special computer money before from other places.
Money places in South Africa told a news company they have good locks against these bad people. They said they always need to make sure their locks work well. Bybit is the second biggest money place in the world where people trade special computer money.
This was a very big and clever attack. The bad people took the money when Bybit moved funds from a safe place to a working place. They stole more than 400,000 pieces of special computer money called Ethereum. People who had money in Bybit wanted to take it out fast. They stopped worrying when Bybit said they had enough money saved to replace what was stolen.
Bybit started a search for the stolen money. They will give a prize worth 10 percent to good computer experts who help find it. The attack happened when Bybit moved money between two places. The bad people tricked the computer by showing the right address but changing what happened next. This lets them control the money wallet and move all the money away.
During the weekend, people found out a group from North Korea called Lazarus Group did this attack. This group has taken special computer money before from other places.
