Summary: North Korea’s Lazarus hacking group has been linked to the theft of over .5 billion from cryptocurrency exchange Bybit in what is now the largest crypto heist in history. The attackers executed a sophisticated maneuver to manipulate a planned transfer, diverting assets to a blockchain address they controlled. Despite the massive theft, Bybit’s overall services remained secure, and the exchange has returned to stability.
Affected: Bybit
Keypoints :
- Over 400,000 ETH, worth more than .5 billion, was stolen from Bybit’s cold wallet due to a sophisticated hacking event.
- Investigation confirmed ties between the attackers and the Lazarus group, linking them to multiple previous hacks using similar methods.
- Bybit managed to restore its ETH reserves and maintained service continuity despite facing a surge of withdrawal requests.