North Korean Lazarus Group Behind $1B Bybit Hack
Bybit is one of the world’s largest cryptocurrency exchanges, with more than 60 million users recently discovered More than $1 billion in victims. With the question of who was the attack, Zachxbt, a well-known blockchain investigator, brought concrete evidence to link the hackers to Lazarus, a notorious North Korean state-funded group of cybercriminals.
Lazarus Group Behind Bybit Hack
Blockchain data platform Arkham Intelligence Recently offered a 50k bounty ARKM (approximately $30,000) to help and determine who lags behind $1 billion by Bybit Hack.
But Zachxbt, a well-known blockchain investigator, took the challenge and discovered the truth. He used his deep chain analysis skills to provide reliable evidence that the Lazarus Group had conducted the attack. His investigation showed test transactions, wallet links before hackers, forensic charts, and time breakdowns, all pointing directly to the group.
Zachxbt’s findings suggest that Lazarus first conducted a small test transaction before launching the entire attack. Hackers use this universal technology to ensure their approach will work before moving large sums.
Later, by carefully tracking the movement of the wallet and the transaction timestamp, he was able to trace the stolen funds back to an address controlled by the Lazarus Group.
Waiting for Bybit’s response
Arkham Intelligence confirmed that Zachxbt has shared his findings with Bybit’s team to assist their investigation. While Bybit has not issued a detailed statement yet, this new evidence can help them take action Recover lost funds Or strengthen its safety measures.
Lazarus Group’s infamous behavior history
This discovery by Zachxbt illustrates the way the attack is done. Lazarus, known for targeting cryptocurrency companies and has been behind several major crypto thefts, has been the main suspect from the outset. But, it’s not only a team, but also several groups with different skills
Some focus on phishing scams, some conduct complex blockchain attacks, and others use fake identities to trick crypto companies.
Last year alone, the organization managed to steal more than $1.3 billion from different projects, accounting for 61% of all stolen cryptocurrencies in 2024.
