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North Korea’s Lazarus Group Hacks Bybit, Steals $1.5 Billion in Crypto

North Korea’s Lazarus Group hackers have reportedly stolen almost $1.5 billion in digital assets from cryptocurrency exchange Bybit in the biggest crypto heist ever. The crime was sophisticated, manipulating a multisig cold wallet. Companies like Elliptic and Arkham Intelligence have traced the theft and identified Lazarus as the culprits. Bybit is offering a 10% reward if the stolen wealth is recovered, while the exchange has pledged to cover the loss for its clients. Despite the attack, Bybit operations continue to run smoothly.

Source: securityboulevard.com –

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