Bybit, one of the world’s largest crypto currency exchanges, became the victim of one of the largest cyber attacks of recent times with more than 60 million users. As a result of the attack, more than $ 1 billion assets were stolen from the platform. While the questions about the attacks are increased, the famous Blockchain researcher Zachxbt revealed that the attack was carried out by North Korean Crime Group Lazarus with concrete evidence.
There is Lazarus behind Bybit Hack Behind
Blockchain Analysis Platform Arkham Intelligence offered 50,000 ARS (about $ 30,000) awards to determine the responsible for the Bybit attack. After this proposal, Zachxbt proved that the Lazarus Group was behind the attack with detailed on-Chain analysis.
In his analysis, it was revealed that hackers performed small test procedures before the attack. Such operations are widely used by cyber attackers to verify that their methods work before carrying large amounts. Later, Zachxbt followed the wallet movements and processing times and proved that the stolen funds were directed to the addresses of the Lazarus Group. These findings were an important step in determining the names behind the attack.
Answer is expected from Bybit
Arkham Intelligence confirmed that Zachxbt shared his findings with the Bybit team. However, Bybit has not made a detailed statement about the incident so far. These new evidence may play a critical role for the recovery of lost funds or strengthening the safety measures of the platform.
The Lazarus group is known as a cyber crime organization that has targeted many crypto companies in the past and carried out large -scale attacks. The group consists of subgroups specialized not only in a single team, but also in different fields. Some of them are organizing an identity hunting (Phishing) attacks, some are performing blockchain -based complex attacks and some deceive crypto companies with false identities.
Only last year, the Lazarus group managed to play more than $ 1.3 billion in total from different projects. This amount of 61 %of the total crypto assets played in 2024. This once again reveals that the group is one of the biggest threats in the crypto sector.
