North Korea’s $1.5 Billion Crypto Heist Exposes Bitcoin’s Security Flaws

The recent $1.5 billion cryptocurrency hack by North Korean cybercriminals has raised new concerns about the security of digital assets. The attack, which targeted the crypto exchange Bybit, underscores a fundamental weakness in Bitcoin and other cryptocurrencies: their vulnerability to theft. In response to the hack, Bitcoin’s price fell more than 10% within days. While some analysts dismiss the drop as a temporary setback, others argue that these ongoing security issues prevent cryptocurrency from becoming a reliable store of value.