Bybit CEO Ben Zhou has revealed on Thursday that 88.87% of the $1.4 billion stolen from the exchange remains traceable, despite efforts by North Korea’s Lazarus Group to obscure the funds using Bitcoin mixers. The stolen assets, including 500K ETH, were mostly converted into 12,836 BTC and spread across 9,117
The Democratic People’s Republic of Korea (DPRK) has become popular for crypto hacks. Chainalysis report also highlighted that most of the hacks have DPRK behind them. The recent Bybit hack is also linked to DPRK’s Lazarus group. It is now making headlines, holding more Bitcoins than El Salvador and Bhutan.
The Lazarus Group of North Korea maintains active operations in crypto domain activities by transferring stolen funds through newly developed developer-targeting malware. Lazarus Group continues its operation by using sophisticated techniques to steal cryptocurrency funds while also focusing on laundering assets to other platforms. Blockchain security firm CertiK detected on
THORChain is facing internal conflicts after a developer resigned over its handling of illicit funds. The controversy erupted when validators failed to block transactions linked to the North Korean Lazarus Group. A core THORChain developer, known as “Pluto,” announced their resignation on February 27. They stated they would no longer
Although the cryptocurrency market is establishing camp at the bearish end of the zone, it remains active. The past day’s highlight was the Solana ETF being listed on DTCC. Another notable factor was Bitcoin’s fall to $84K, which the community members are seeing as an opportunity to ‘buy the dip’.
Non-KYC crypto exchange eXch has denied accusations of laundering funds from the $1.4 billion Bybit hack, despite blockchain analysts linking stolen assets to its platform. While eXch admitted that some funds from the hack were processed, it insisted the case was “isolated.” Bybit suffered one of the largest crypto thefts
Bybit, one of the leading cryptocurrency exchanges, had a calamitous hack last Friday, during which about 401,000 ETH worth $1.4 billion was stolen. This has become the largest recorded heist in history. Ben Zhou, Bybit co-founder and CEO confirmed that the breach happened due to an advanced attack that exploited
On December 23, the FBI, Japan’s National Police Agency, and the U.S. Department of Defense Cyber Crime Center confirmed that a $308 million cryptocurrency theft from Japan-based crypto exchange DMM Bitcoin has been linked to “TraderTraitor,” a hacking group tied to North Korea’s infamous Lazarus Group. FBI and Japanese Police
South Korean police have officially confirmed that the 342,000 Ethereum (ETH) stolen from Upbit, the country’s largest cryptocurrency exchange, in 2019 was done by North Korean hacker groups Lazarus and Andariel. This is the first time a domestic agency has publicly linked North Korea to a major cryptocurrency theft. Initially,
The United States government initiated the seizure of nearly $2.67 million worth of digital assets taken by the North Korean Lazarus Group of hackers on October 4th via the filing of two formal complaints. Legal documents indicate that the United States government is attempting to recoup around $1.7 million in
