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Image Credit: Cybersafe

North Korean Lazarus Group linked to $1.5 B Bybit Crypto Heist

  • 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.

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