Bybit Hack: Lazarus Group Exposed

Bybit Suffers $1.5 Billion Hack Linked to Lazarus Group

• Bybit confirmed a major security breach involving its Ethereum cold wallet.
• The hack resulted in the loss of approximately 401,347 ETH, valued at $1.12 billion.
• Additional assets lost include 90,376 stETH worth $253.16 million and other cryptocurrencies.
• The total estimated loss is around $1.44 billion.
• The attack is linked to North Korea’s Lazarus Group through analysis by crypto sleuth ZachXBT.

Bybit’s recent security breach, resulting in a loss of about $1.44 billion, has been linked to the North Korean-backed Lazarus Group, with evidence provided by analyst ZachXBT.