The Bybit CEO is launching a new initiative that calls on the crypto community to help retrieve digital assets stolen by a notorious group of North Korean hackers. Ben Zhou, Bybit’s co-founder and CEO, says on the social media platform X that they have launched a bounty program website to target the Lazarus Group after […]
The post Bybit Launches Community Effort To Fight North Korean Hackers Lazarus Group After $1,400,000,000 Heist appeared first on The Daily Hodl.
The chief investment officer of crypto asset management firm Bitwise says the industry needs a new selling point now that memecoins are losing mindshare. In a new interview with crypto influencer Scott Melker, Bitwise CIO Matt Hougan says that North korean hacking group Lazarus attempting to launder funds from the Bybit hack through memecoin platform […]
The post Bitwise CIO Matt Hougan Says Crypto Needs ‘Another Story’ As Memecoin Narrative Fizzles Out appeared first on The Daily Hodl.
Bybit stated its infrastructure was unaffected in the $1.4 billion security incident involving compromised developer machine credentials at Safe Wallet, which enabled unauthorized transactions. Bybit Confirms Systems Secure After Safe Wallet Attack A forensic investigation into the breach revealed that attackers from the Lazarus Group accessed Safe Wallet’s systems by stealing a developer’s credentials, according […]
Chainflip, a decentralized cross-chain service and market maker, is implementing an upgrade to block illicit funds, specifically those from the recent Bybit hack. Hacked Funds Expose LPs to Excessive Risk Market maker Chainflip has announced it will proceed with a plan to enable interfaces to block illicit flows within the Chainflip protocol. Specifically, the market […]
Two days prior, the Bybit exploiter retained custody of 449,395.23 ethereum (ETH), yet within a 48-hour window, the actor relocated 71,862.63 ETH—valued at $173 million—across decentralized ledgers. Bybit Launches Lazarusbounty.com Amidst a climate of crypto volatility, the assailant has orchestrated a whirlwind of high-volume ether transactions. For instance, during the drafting of this analysis, 91.75 […]
In recent days, the cryptocurrency platform Bybit fell victim to a sophisticated cyberattack, hemorrhaging over $1.4 billion in assets purportedly tied to operatives from North Korea. As of this report, the perpetrator controls roughly 449,395.23 ETH—equivalent to nearly $1.26 billion—making them one of Ethereum’s most formidable custodians. Bybit Exploiter Joins Crypto’s Most Wanted List This […]
In the aftermath of the $1.4 billion cybersecurity breach targeting centralized digital asset platform Bybit, onchain evidence reveals that perpetrators have systematically converted a fraction of the pilfered funds into bitcoin (BTC). Hackers Mask Tracks by Moving Bybit Heist Funds to Bitcoin This week, North Korea’s Lazarus Group orchestrated a cyber incursion against digital asset […]
The Lazarus Group, a North Korean-linked cybercrime entity, allegedly laundered $1.4 billion stolen from crypto exchange Bybit this week using meme coin platforms and cross-chain transfers, according to onchain investigator ZachXBT. $1.4B Bybit Hack Tied to Lazarus Group, Laundering Involved Pump Fun Meme Coins The Lazarus Group, notorious for high-profile crypto hacks, is accused of […]
Bitcoin advocate Samson Mow says Ethereum should undergo a hard fork after North Korean hackers stole a staggering $1.4 billion in ETH and stETH by exploiting crypto exchange Bybit. In a new thread on the social media platform X, Bitcoin (BTC) maximalist Samson Mow says the leading smart contract platform by volume should roll back […]
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North Korea’s Lazarus Group, a state-backed hacking collective renowned for its technical sophistication, executed the largest cryptocurrency theft in history by stealing $1.46 billion from Bybit, investigators confirmed. North Korea’s Lazarus Engineered History’s Largest Cryptocurrency Theft The Lazarus Group, a cybercrime unit linked to North Korea’s Reconnaissance General Bureau, leveraged advanced tactics to breach Bybit’s […]