<ul><li>North Korea's Lazarus group is believed to be behind the $1.46 billion hack on Bybit exchange, according to blockchain analysis firm Arkham Intelligence.</li><li>The hack involved the withdrawal of Ethereum tokens amounting to around $1.5 billion, making it the largest hack in history on a centralized crypto exchange.</li><li>The stolen funds were initially transferred to a primary wallet, then distributed across over 40 wallets, with the attackers converting certain tokens to ETH and transferring ETH in increments to additional wallets.</li><li>Bybit CEO confirmed that 80% of the funds were recovered through bridge loans, and although withdrawals are not blocked, the return of stolen tokens is highly unlikely.</li></ul>

North Korean Lazarus Group Likely Behind $1.46 Billion Bybit Exchange Hack

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