Would You Believe It? Bybit Hacker Now Holds More ETH Than Vitalik Buterin And The Ethereum Foundation
Posted On February 24, 2025
The hacker who carried out the biggest heist in cryptocurrency history now holds more Ethereum (CRYPTO: ETH) than the blockchain’s creator, Vitalik Buterin.
What happened: North Korean state-backed Lazarus Group allegedly pilfered over $1.4 billion worth of ETH tokens after seizing control of the cold wallet of cryptocurrency exchange Bybit.
According to blockchain analytics firm Arkham Intelligence, the wallet tied to the hacker held 437,700 ETH, worth $1.2 billion as of this writing, and accounted for 0.36% of Ethereum’s total circulating supply. Notably, the hacker has begun to move …
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