😱🚨🚨 North Korea’s Lazarus Group Was Behind the Bybit Hack
In February 2025, the Dubai based cryptocurrency exchange Bybit suffered the largest single heist in crypto history, losing approximately $1.5 billion in Ethereum (ETH) tokens.
The FBI and blockchain investigators, including ZachXBT and TRM Labs, officially attributed the attack to the Lazarus Group (also known as TraderTraitor or APT38), a notorious state-sponsored hacking collective from North Korea.
🌟Key Details of the Hack:
🔹️ The Exploit: The breach occurred during a scheduled transfer from Bybit's cold storage to its warm wallet. Hackers compromised a developer's machine linked to the Safe{Wallet} infrastructure, allowing them to authorize a malicious transaction that rerouted over 400,000 ETH to their own addresses.
🔹️ Laundering Tactics: Almost immediately, the attackers began a high-speed "flood the zone" laundering operation. They converted Ethereum into Bitcoin and other assets, dispersing them across thousands of blockchain addresses to overwhelm law enforcement and compliance teams.
🔹️ Response: Bybit CEO Ben Zhou assured users that client withdrawals would remain unaffected. The exchange also launched a 10% recovery bounty for information leading to the return of funds.
This incident highlights North Korea's escalating reliance on crypto theft to fund state programs, with the regime having stolen over $5 billion since 2017.
Experts note that the hack was a failure of specific security infrastructure rather than a flaw in cryptocurrency itself.
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