In a shocking turn of events, cryptocurrency exchange Bybit fell victim to a massive hack, resulting in the theft of over 401,000 Ether and other ERC-20 tokens. The investigation led by blockchain sleuths like ZachXBT and confirmed by Arkham Intelligence, revealed that this daring heist was orchestrated by none other than North Korea’s notorious cybercrime outfit, Lazarus Group.
The Bybit hack is one of the largest in recent memory, with estimates suggesting that over $1.46 billion was stolen from cold wallets. Thats 16% of stolen funds from all previous hacks. This brazen attack exposed significant vulnerabilities within Bybit’s security systems and raised alarms across the cryptocurrency community.
Key Details:
Amount Stolen: Over 401,000 Ether along with various ERC-20 tokens.
Security Breach: The hackers managed to breach Bybit’s cold storage wallets.
Initial Response: Bybit secured about 80% of stolen funds via bridge loans but faces challenges in
recovering more due to laundering difficulties.
Read More : https://onthenode.com/list/bybit-hack-unveiling-the-shadow-of-lazarus-group
The Bybit hack is one of the largest in recent memory, with estimates suggesting that over $1.46 billion was stolen from cold wallets. Thats 16% of stolen funds from all previous hacks. This brazen attack exposed significant vulnerabilities within Bybit’s security systems and raised alarms across the cryptocurrency community.
Key Details:
Amount Stolen: Over 401,000 Ether along with various ERC-20 tokens.
Security Breach: The hackers managed to breach Bybit’s cold storage wallets.
Initial Response: Bybit secured about 80% of stolen funds via bridge loans but faces challenges in
recovering more due to laundering difficulties.
Read More : https://onthenode.com/list/bybit-hack-unveiling-the-shadow-of-lazarus-group
| 73,000 mlx | |
| 80 | |
| 4 |
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