A massive $1.5 billion cryptocurrency theft from exchange Bybit has been linked to North Korea’s Lazarus hacking group.
During the attack, hackers manipulated smart contract logic to gain control of Bybit's cold wallet, resulting in the theft of over 400,000 ETH and stETH tokens.
The stolen funds were traced to addresses associated with previous hacks linked to Lazarus, and the hackers used various tactics to launder the stolen assets.
This heist is part of the increasing cybercrime activities by North Korea, with previous records set in 2022 and 2024.