Lazarus starts laundering the 400,000 Ether it stole from Bybit
In a bold move, the North Korean hacking collective known as the Lazarus Group has commenced laundering approximately 400,000 Ether (ETH) stolen from the Dubai-based cryptocurrency exchange, Bybit. This heist, amounting to around $1.5 billion, stands as one of the most significant in cryptocurrency history.
Here’s everything we know about Bybit’s $1.4 billion ETH hack, its Lazarus links
Bybit’s $1.4 billion Ethereum hack has been reportedly linked to the notorious Lazarus group. As expected, this triggered a withdrawal frenzy as investors exited the crypto exchange en masse. In fact, according to Bybit’s founder and CEO Ben Zhou, the exchange saw record withdrawal requests, but they were all handled smoothly.
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