The FBI accuses North Korea's Lazarus Group of stealing $1.5 billion in Ethereum from crypto-exchange Bybit, prompting a public appeal for help in tracking the stolen funds. The bureau, naming the group TraderTraitor, has shared wallet addresses linked to the crime and warns that the stolen assets are being rapidly laundered and converted into Bitcoin. Bybit is actively pursuing the recovery of funds through a bounty program, having already identified and frozen over $40 million of the stolen assets. Other exchanges, like Chainflip, are also working to stop the funds from being relocated and laundered across their platforms.
The FBI's alert detailed the Lazarus Group's operations and urged others to assist in blocking the stolen Ethereum, emphasizing the rapid laundering of the assets.
The investigation revealed that over $40 million in stolen funds were frozen, yet significant amounts still remain unaccounted for within North Korean control.
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