North Korea’s Lazarus Group Suspected in $1.4 Billion Bybit Crypto Hack
North Korea’s infamous Lazarus Group is suspected to be the mastermind behind the $1.4 billion Ethereum (CRYPTO: ETH) hack on cryptocurrency exchange Bybit, as per findings from blockchain data platform Arkham Intelligence.
What Happened: According to the report, Lazarus Group, a state-sponsored hacking organization from North Korea, is believed to have pilfered over $1.4 billion worth of Ethereum and related tokens from Bybit last Friday.
This suspicion was drawn from on-chain data analysis that linked the activity to previous attacks associated with the Lazarus Group.
The link was established by an anonymous on-chain investigator known as ZachXBT, who has a history of solving numerous crypto hacks. His report included a detailed analysis of test transactions, connected wallets used before the exploit, and several forensic graphs and timing analyses, reports reports Decrypt.
Arkham Intelligence had …
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