Researchers accuse North Korea of $1.4 billion Bybit crypto heist

On Friday, hackers stole around $1.4 billion in Ethereum cryptocurrency from crypto exchange Bybit, in what is the largest crypto heist of all time. After the hack, several blockchain monitoring firms, as well as the well-known crypto investigator ZachXBT, have all pointed to the North Korean government hacking group known as Lazarus Group as the culprit. ZachXBT was the first to point the finger of blame, just a few hours after he himself noticed the first signs of the hack. The researcher said he was able to track the stolen cryptocurrency from Bybit to wallets used in previous hacks against Phemex, BingX, and Poloniex, which have all been linked to North Korea. When TechCrunch asked how confident he was of North Korea being behind the Bybit hack ZachXBT said: “100%,” and pointed to those previous hacks. “Law enforcement is also treating it that way,” said ZachXBT. Blockchain monitoring firm Elliptic also reached the same conclusion. “Beginning minutes after the theft from Bybit, ... Read full article.