Lazarus Group Launders Stolen Crypto via eXch After Bybit Hack
- The Lazarus Group is linked to the theft of nearly $1.5 billion in Ethereum and Lido Staked Ether from Bybit.
- Elliptic reports that over $75 million of the stolen assets have been laundered through eXch.
- Within two hours of the hack, funds were distributed to 50 wallets, each holding about 10,000 ETH.
- As of February 24, approximately $195 million (14.5% of stolen assets) has been moved from these wallets.
- Bybit has restored a 1:1 backing on all client assets following the hack.
The Lazarus Group has reportedly laundered over $75 million of crypto stolen from Bybit through eXch, despite requests to block such transactions. The funds were quickly dispersed across multiple wallets and are being systematically laundered through various services.
Source (2.6)https://dailyhodl.com/2025/02/25/elliptic-says-lazarus-group-using-exch-to-launder-stolen-funds-despite-requests-from-bybit-to-block-transactions/?rand=59076
