North Korea Behind Largest Crypto Heist Ever

CosmicTaco · 2025-02-25T09:22:58.685180+05:30

- On Friday, Bybit, a cryptocurrency exchange, fell victim to the largest crypto heist in history, losing $1.4 billion in Ethereum. - Blockchain monitoring firms and the prominent crypto investigator ZachXBT have identified the North Korean hacking group Lazarus Group as the perpetrators. - ZachXBT tracked the stolen funds to wallets linked to previous hacks on Phemex, BingX, and Poloniex, all associated with North Korea. - Blockchain intelligence firms Elliptic and TRM Labs also confirmed North Korea's involvement, citing matching laundering patterns and fund commingling. - Bybit's spokesperson, Tony Au, declined to comment on the North Korea link, indicating ongoing investigations. Source: [TechCrunch](https://techcrunch.com/2025/02/24/researchers-accuse-north-korea-of-1-4-billion-bybit-crypto-heist/)

On Friday, Bybit, a cryptocurrency exchange, fell victim to the largest crypto heist in history, losing $1.4 billion in Ethereum.
Blockchain monitoring firms and the prominent crypto investigator ZachXBT have identified the North Korean hacking group Lazarus Group as the perpetrators.
ZachXBT tracked the stolen funds to wallets linked to previous hacks on Phemex, BingX, and Poloniex, all associated with North Korea.
Blockchain intelligence firms Elliptic and TRM Labs also confirmed North Korea's involvement, citing matching laundering patterns and fund commingling.
Bybit's spokesperson, Tony Au, declined to comment on the North Korea link, indicating ongoing investigations.

Source: TechCrunch