Crypto Heist: North Korean Hackers Strike

North Korean Lazarus Group Behind $1.46 Billion Bybit Hack

• Bybit suffered a $1.46 billion hack attributed to North Korea’s Lazarus Group.
• Arkham Intelligence offered a bounty of 50,000 ARKM tokens for identifying the attackers.
• ZachXBT provided definitive proof linking the attack to the Lazarus Group.
• The hack involved transferring funds to a primary wallet, then distributing them across over 40 wallets.
• The attackers converted stETH, cmETH, and mETH to ETH before dispersing in $27 million increments.

The Bybit hack, identified as the largest crypto theft ever at $1.46 billion, was executed by North Korea’s Lazarus Group using blind signing techniques. Arkham Intelligence confirmed this with evidence from ZachXBT.