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FBI: Lazarus Group behind $1.5 billion Bybit heist

North Korea’s Lazarus Group was behind the theft of $1.5bn from cryptocurrency exchange Bybit, the largest crypto heist to date, according to the FBI. The group stole Ethereum by compromising Bybit’s cold wallet, hosted by SafeWallet. They then converted some assets to Bitcoin while spreading others across thousands of addresses on multiple blockchains. This follows a warning versus attacks on decentralized finance platforms; $1.3bn in crypto assets were stolen from several platforms over three months in 2022.

Source: www.techtarget.com –

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