Researchers spot the stolen funds moving through cryptocurrency wallets that were used in earlier heists attributed to North Korea's Lazarus hacking group.

Investigation revealed that BingX, & Phemex hacks were also connected to the same cluster as Bybit's, confirming the threat actor’s identity as the Lazarus group.

North Korea is behind the massive crypto hack, according to several blockchain monitoring firms and a well-known researcher

Lazarus Group, hackers based in North Korea, tricked Bybit CEO Ben Zhou into approving a transfer of 400,000 ethereum tokens from his company's cold wallet.

ZachXBT has identified North Korea’s Lazarus Group as the orchestrator behind the massive $1.46 billion hack on Bybit.

On-chain sleuthing linked Friday's $1.4 billion hack of crypto exchange Bybit to North Korea's Lazarus Group, Arkham Intelligence said.

Cryptocurrency exchange Bybit said last week hackers had stolen digital tokens worth around $1.5 billion, in what researchers called the biggest crypto heist of all time. Bybit CEO Ben Zhou said the crypto was taken from a "cold wallet" - a digital wallet usually stored offline and so supposedly more secure - that was used for ether tokens.

Still, valued at $1.5 billion, the Bybit heist would make up more than half of the total amount of crypto stolen in 2024, according to a report from Chainalysis last year. The Cha

Some $1.5 billion in crypto was stolen from the Bybit exchange - sparking fear across the crypto-verse. This was the biggest crypto theft since $611 million vanished from Poly Net