Ethereum Hack: Lazarus Group Hits Bybit

North Korea’s Lazarus Group Hacks $1.4 Billion from Bybit

• The Lazarus hacking group stole over $1.4 billion worth of Ethereum and related tokens from Bybit.
• The attack was linked to North Korea through on-chain data analysis.
• Pseudonymous investigator ZachXBT identified connections with previous hacks, including an $85 million exploit of Phemex.
• Arkham Intelligence offered a bounty of nearly $30,000 in ARKM tokens for identifying the hackers.
• Lazarus is known for sophisticated attacks, responsible for over $1.3 billion in crypto theft last year.

North Korea’s state-sponsored Lazarus Group executed a significant hack on Bybit, seizing over $1.4 billion in Ethereum and related tokens. This event marks one of the largest crypto thefts to date, highlighting the group’s ongoing threat to digital asset security.