The Lazarus Group has been identified as the mastermind behind the massive $1.4 billion Ethereum theft from cryptocurrency exchange Bybit.
In response, As the investigation into the attack continues, Bybit has received support from several major exchanges, including OKX and Coinbase.
The notorious Lazarus Group, a North Korean state-backed hacking syndicate, has once again been implicated in a massive cryptocurrency heist. On-chain security analyst ZachXBT has identified the group as the mastermind behind the recent 401,346 ETH hack on the crypto exchange Bybit, amounting to a staggering $1.4 billion in stolen funds.
Following the attack, ZachXBT’s investigation uncovered key evidence linking the breach to Lazarus Group. His findings were later validated by Arkham Intelligence, a blockchain analytics firm that had launched a bounty campaign to trace the perpetrators.
Arkham confirmed the link in a post on X, stating:
His submission included a detailed analysis of test transact
