Arkham says ZachXBT submitted proof that North Korea's Lazarus Group is behind Bybit's $1.5B hack, which is the largest single theft in crypto history
There are reports that this address was used in an exploit on Bybit. Faarea Masud / BBC : Cryptocurrency theft of £1.1bn could be biggest ever Cas Abbé / Blockchain.News : Lazarus Group Hacks Bybit for $1.46 Billion in ETH Troy Watson / ZyCrypto : North Korean Lazarus Group Likely Behind $1.46 Billion Bybit Exchange Hack Jai Hamid / Cryptopolitan : Lazarus starts laundering the 400,000 Ether it stole from Bybit Bibhu Pattnaik / Benzinga : North Korea's Lazarus Group Suspected in $1.4 Billion Bybit Crypto Hack Vignesh Karunanidhi / crypto.news : Lazarus Group identified in $1.5b Bybit hack: Arkham Qadir AK / Coinpedia Fintech News : Bybit News: $1.4B Stolen in Largest Crypto Hack - Lazarus Group Suspected Markus Thielen / 10x Market Updates : Bybit $1.5 Billion Lazarus Hack - Latest Updates Lennox Gitonga / The Coin Republic : Bybit Receives Support Amid Hack, ZachXBT Exposes Lazarus Group Liam Turner / CryptoNinjas : ZachXBT Identifies Lazarus Group as Bybit $1.4B Hackers, Wins Arkham Bounty Andrew Throuvalas / CryptoPotato : ByBit Lost 70% Of Ethereum Holdings To Hacker, Says CEO Christopher Tepedino / Cointelegraph : ZachXBT identifies Lazarus Group as behind Bybit $1.4B hack, wins Arkham bounty Rohail Saleem / Wccftech : North Korea's Lazarus Group Blames: ByBit Crypto Exchange Suffers A “Sophisticated Attack” … Andrew Hayward / Decrypt : North Korea's Lazarus Group Behind Bybit's $1.4 Billion Ethereum Hack: Arkham Ronaldo Marquez / NewsBTC : North Korean Lazarus Group Identified As Culprit In Bybit's Historic $1.5 Billion Hack Jai Hamid / Cryptopolitan : North Korea's Lazarus Group exposed as the group behind Bybit hack Australian Financial Review : Crypto exchange Bybit says a hacker took control of one of its cold Ethereum wallets, resulting in what analysts estimate was the loss of ~$1.5B worth of tokens Jaxon Gaines / Watcher Guru : North Korea's Lazarus Group May Be Behind Bybit's $1.4B Hack Oliver Knight / CoinDesk : Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms X: @arkham : BREAKING: BYBIT $1 BILLION HACK BOUNTY SOLVED BY ZACHXBT At 19:09 UTC today, @zachxbt submitted definitive proof that this attack on Bybit was performed by the LAZARUS GROUP. His submission included a detailed analysis of test transactions and connected wallets used ahead of [image] @zachxbt : @arkham TLDR myself and Josh from CF connected the Bybit hack on-chain to the Phemex hack @zachxbt : @pikachu_crypto @arkham Partial recovery is more common (15-30% in a good scenario?) but it'll also be a bit harder to launder $1.46B I think depending on how patient they are. For recent hacks Lazarus has mainly just been spamming funds to Chinese exchanges on different chains where it eventually @zerohedge : The Korean have a decade to sell. Bybit has days to replenish Eric Wall / @ercwl : If you want to understand what happens to funds after they're stolen by North Korea/Lazarus Group, the Chainalysis 2022 report is great Step 1: Swap any ERC20s (like stETH) into ETH Step 2: Swap any ETH into BTC Step 3: Cash out BTC to cash (Chinese Renminbi) using Asian [image] @zachxbt : @TheDeFISaint ... Nah doesn't help as much to know who it is when it's a nation state threat actor Saint / @thedefisaint : @zachxbt ... If this is successful, ZachXBT deserves more than this tbh. 50k Arkham is poor for such an incident like this. Forums: r/CryptoCurrency : North Korea's Lazarus Group responsible for Bybit hack resulting in losses of over $1.5 billion: Arkham