On Friday, hackers executed a historic theft of approximately $1.4 billion in Ethereum from the crypto exchange Bybit, marking the largest cryptocurrency heist ever recorded. Experts, including crypto investigator ZachXBT and blockchain monitoring firm Elliptic, have attributed the theft to the North Korean hacking group known as Lazarus Group. ZachXBT tracked the stolen funds through previous attack wallets linked to North Korea. Elliptic echoed these claims based on forensic analysis of the laundering patterns, revealing a consistent methodology employed by Lazarus Group in executing such heists.
On Friday, hackers stole around $1.4 billion in Ethereum cryptocurrency from crypto exchange Bybit, marking the largest crypto heist in history.
ZachXBT was confident North Korea's Lazarus Group was behind the Bybit hack, stating "100%" certainty based on tracking the stolen cryptocurrency.
Blockchain monitoring firm Elliptic confirmed North Korean hackers were likely responsible, citing characteristics of their laundering patterns and collaboration with Bybit.
North Korea's hacking regime has been linked to at least 58 crypto heists according to a United Nations panel, highlighting the ongoing threat.
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