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Lazarus Crypto Heist: Bybit CEO Says Nearly 90% Can Still Be Tracked

  • Bybit, a popular crypto exchange, lost over $1.4 billion in a recent hacking incident, primarily in Ether.
  • The hacking was carried out by North Korea's Lazarus Group, who exploited security flaws in Bybit's cold wallet.
  • According to Bybit's CEO, Ben Zhou, approximately 88.87% of the stolen funds can still be traced, while 7.59% have entered the dark web and are untraceable.
  • Zhou has reached out to the public for help in tracing the missing funds, while the exchange has received thousands of bounty reports to address the security issues.

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