The Lazarus Group, a hacking organization linked to North Korea, has been identified as behind the recent $1.4 billion Ethereum theft from cryptocurrency exchange Bybit. This revelation was made after blockchain investigator ZachXBT provided strong evidence linking the attack to them.
Lazarus Group Implicated in the Bybit Hack
It is worth mentioning that ZachXBT’s investigation found a series of test transactions and connected wallets that led directly to the Lazarus Group.
The research as shared on X included detailed graphs and time-based analysis, which have been shared with Bybit to help their ongoing investigation.
Meanwhile, Arkham Intelligence, a blockchain data platform, had offered a reward of 50,000 ARKM tokens for information that could identify the hackers. After reviewing ZachXBT’s findings, Arkham confirmed the link to the Lazarus Group.
They stated that his report included a full breakdown of test transactions, connected wallets, and forensic graphs showing how
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