The $1.4 billion hack of Bybit, one of the largest cryptocurrency exchanges, is believed to be the work of the Lazarus Group, a North Korean hacking collective with a history of large-scale cyberattacks. The hackers were responsible for the $1.4 billion hack of Bybit, who targeted Bybit’s cold wallet signers and intercepted transfers, gaining access to massive amounts of funds. They have since used over 11,000 cryptocurrency wallets to move and launder the stolen assets, complicating tracking efforts
In response, Bybit’s CEO, Ben Zhou, took action by declaring a “war” on the hackers and launching an initiative to recover the stolen funds. This included introducing a new tool to blacklist suspicious wallets and offering rewards for tracking the stolen money.
Blockchain analytics firm Elliptic released a free data feed listing walle