Massive $1.5 Billion Ethereum Heist from Bybit by Lazarus Group
- Lazarus Group stole $1.5 billion in Ethereum from Bybit.
- The breach involved “blind signing” to access a cold wallet.
- Bybit experienced a record $5 billion withdrawal in 24 hours.
- Bybit covered losses with credits and maintained normal operations.
- CEO Ben Zhou confirmed other cold wallets remained secure.
The North Korean hacker group Lazarus executed a major cyberattack on Bybit, stealing $1.5 billion in Ethereum using advanced techniques like “blind signing.” Despite the financial loss and panic, Bybit managed to maintain operations by covering losses and processing withdrawals efficiently.
Source (2.6)https://hodl.press/bybits-1-5b-hack-how-they-survived-the-largest-breach/?rand=24434
