Lazarus starts laundering the 400,000 Ether it stole from Bybit
In a bold move, the North Korean hacking collective known as the Lazarus Group has commenced laundering approximately 400,000 Ether (ETH) stolen from the Dubai-based cryptocurrency exchange, Bybit. This heist, amounting to around $1.5 billion, stands as one of the most significant in cryptocurrency history.
Here’s everything we know about Bybit’s $1.4 billion ETH hack, its Lazarus links
Bybit’s $1.4 billion Ethereum hack has been reportedly linked to the notorious Lazarus group. As expected, this triggered a withdrawal frenzy as investors exited the crypto exchange en masse. In fact, according to Bybit’s founder and CEO Ben Zhou, the exchange saw record withdrawal requests, but they were all handled smoothly.
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A NORTH Korean hacking group accused of orchestrating the largest heist in crypto’s history have stolen a whopping £5billon ...
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North Korea has gotten away with its biggest crypto heist yet, this time stealing approximately $1.4 billion worth of Ethereum, about 400,000 coins, from the cryptocurrency exchange ByBit. The company ...
Overview of the Bybit Hack On February 21, 2025, cryptocurrency exchange Bybit suffered a major security hack, leading to the theft of about $1.4 billion worth of Ethereum (ETH) and associated assets.
Xch has denied allegations of laundering money for North Korea’s Lazarus Group following the $1.4 billion hack on Bybit on February 21.
Bybit CEO Ben Zhou confirmed in an X post on Monday that the exchange has 100% closed the reserve gap from its hack on Friday ...
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