North Korea's Lazarus Group May Be Behind Bybit's $1.4B Hack
North Korea’s Lazarus Group is behind Bybit’s $1.4 billion hack earlier on Friday, according to an investigation by ZachXBT . Arkham Intelligence announced a bounty and investigation into finding the culprit behind the ByBit hack, where over $1B in Ethereum was stolen. JUST IN: North Korea's Lazarus Group behind Bybit's $1.4 billion hack, ZachXBT reports. — Watcher.Guru (@WatcherGuru) February 21, 2025 The Lazarus Group stole more than $1.4 billion in liquid-staked Ether and MetaETH (mETH), according to on-chain blockchain security analyst ZackXBT. ByBit Founder Ben Zhou assured users shortly after the hack, “All other cold wallets are secure.” “Unfortunately, this transaction was manipulated through a sophisticated attack that masked the singing interface, displaying the correct address while altering the underlying smart contract logic,” Zhou’s platform said. This allowed the hacker to gain control of the specified wallet in question and transfer funds. Arkham Inte...