BybitHackFud
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The most notorious cybercriminal you probably haven’t heard of: Park Jin-hyuk
A central figure in North Korea’s Lazarus Group 🇰🇵, Park Jin-hyuk is responsible for some of the most serious cyberattacks in recent history. Here’s a breakdown of the devastation he caused:
Notable Hacks and Financial Losses
- Sony Pictures Hack (2014):
No money was stolen, but Sony’s systems were seriously compromised.
- Bangladesh Central Bank Hack (2016):
Park stole $81 million through fraudulent SWIFT transfers.
- WannaCry Attack (2017):
Collected over $140,000 in ransom payments from victims around the world.
- Bybit Hack (2025):
$1.46 billion was stolen from the cryptocurrency exchange.
#BybitSecurityBreach
#BybitHackFud
$LTC
$DOGE
$SHIB
A central figure in North Korea’s Lazarus Group 🇰🇵, Park Jin-hyuk is responsible for some of the most serious cyberattacks in recent history. Here’s a breakdown of the devastation he caused:
Notable Hacks and Financial Losses
- Sony Pictures Hack (2014):
No money was stolen, but Sony’s systems were seriously compromised.
- Bangladesh Central Bank Hack (2016):
Park stole $81 million through fraudulent SWIFT transfers.
- WannaCry Attack (2017):
Collected over $140,000 in ransom payments from victims around the world.
- Bybit Hack (2025):
$1.46 billion was stolen from the cryptocurrency exchange.
#BybitSecurityBreach
#BybitHackFud
$LTC
$DOGE
$SHIB
In a significant security breach on February 21, 2025, Dubai-based cryptocurrency exchange Bybit experienced the theft of approximately $1.5 billion worth of Ethereum. The incident occurred during a routine transfer from a cold wallet to a warm wallet, when hackers managed to seize control of the cold wallet, transferring 401,000 ETH to an unknown address.
Blockchain analytics firms, including Arkham Intelligence and Elliptic, have attributed the attack to North Korea's Lazarus Group, a cybercrime organization known for previous high-profile cryptocurrency thefts.
In response, Bybit's CEO, Ben Zhou, assured customers of the company's solvency, emphasizing that all client assets are backed 1:1 and that unaffected wallets and withdrawals remain secure. The exchange is collaborating with blockchain forensic experts to trace the stolen funds and has initiated a recovery bounty program, offering up to 10% of the recovered amount to ethical hackers assisting in the retrieval efforts.
This event has intensified discussions about the security of cryptocurrency exchanges and the persistent threat posed by sophisticated hacking groups like the Lazarus Group. It underscores the necessity for enhanced security measures within the crypto industry to protect digital assets from such malicious activities.
#BybitSecurityBreach #BybitHackFud
Blockchain analytics firms, including Arkham Intelligence and Elliptic, have attributed the attack to North Korea's Lazarus Group, a cybercrime organization known for previous high-profile cryptocurrency thefts.
In response, Bybit's CEO, Ben Zhou, assured customers of the company's solvency, emphasizing that all client assets are backed 1:1 and that unaffected wallets and withdrawals remain secure. The exchange is collaborating with blockchain forensic experts to trace the stolen funds and has initiated a recovery bounty program, offering up to 10% of the recovered amount to ethical hackers assisting in the retrieval efforts.
This event has intensified discussions about the security of cryptocurrency exchanges and the persistent threat posed by sophisticated hacking groups like the Lazarus Group. It underscores the necessity for enhanced security measures within the crypto industry to protect digital assets from such malicious activities.
#BybitSecurityBreach #BybitHackFud
Who hacked Bybit ?
Bybit’s $1.5B hack is bullish - Lazarus has diamond hands.
Led by Park Jin Hyok, now wanted by the FBI.
They’ve just drained $1.46B in staked ETH & ERC-20 tokens from Bybit, making it the biggest crypto hack ever, twice the size of the second-largest breach.
#BybitHackFud #Bybit #BybitSecuritySearch
Bybit’s $1.5B hack is bullish - Lazarus has diamond hands.
Led by Park Jin Hyok, now wanted by the FBI.
They’ve just drained $1.46B in staked ETH & ERC-20 tokens from Bybit, making it the biggest crypto hack ever, twice the size of the second-largest breach.
#BybitHackFud #Bybit #BybitSecuritySearch
🍒 Half a Kingdom for the King
Bybit has announced a reward for finding exchange hackers. The company promises to pay $140 million, which is 10% of the stolen amount.
$ETH
$SOL
$XRP
#InfiniHacked #BybitHackFud
Bybit has announced a reward for finding exchange hackers. The company promises to pay $140 million, which is 10% of the stolen amount.
$ETH
$SOL
$XRP
#InfiniHacked #BybitHackFud
🚨 Bybit Security Breach – Emergency ETH Transfers 🚨
Yesterday, 70% of all the exchange’s ETH was stolen from Bybit wallets, creating a major coin shortage. If users rushed to withdraw, Bybit could have faced serious liquidity issues.
To prevent chaos, Bybit sought urgent ETH credit, and the response was swift:
🔹 Bitget sent 40,000 ETH ($106M) to Bybit for customer withdrawals
🔹 Bitget moved 11,800 ETH ($31M) from Binance to Bybit’s cold wallet
🔹 Binance transferred 36,000 ETH (~$96.5M) from a hot wallet to Bybit’s cold wallet
Bybit is now stabilizing withdrawals, but this event raises huge security concerns for exchanges.
#BybitSecurityBreach
#Ethereum✅
#BTC #cryptouniverseofficial
#BybitHackFud
Yesterday, 70% of all the exchange’s ETH was stolen from Bybit wallets, creating a major coin shortage. If users rushed to withdraw, Bybit could have faced serious liquidity issues.
To prevent chaos, Bybit sought urgent ETH credit, and the response was swift:
🔹 Bitget sent 40,000 ETH ($106M) to Bybit for customer withdrawals
🔹 Bitget moved 11,800 ETH ($31M) from Binance to Bybit’s cold wallet
🔹 Binance transferred 36,000 ETH (~$96.5M) from a hot wallet to Bybit’s cold wallet
Bybit is now stabilizing withdrawals, but this event raises huge security concerns for exchanges.
#BybitSecurityBreach
#Ethereum✅
#BTC #cryptouniverseofficial
#BybitHackFud
Good and Great News 😂❤️
The hacker who stole $1.5 billion from Bybit has been found.
The crypto research group Arkham Intelligence is attributing the theft to the North Korean hacking group known as the Lazarus Group.
The Lazarus Group is an infamous cybercrime group tied to the North Korean government that has been conducting cybercrimes since 2009.
#parkjinhyok #bybit #BybitHackFud
The hacker who stole $1.5 billion from Bybit has been found.
The crypto research group Arkham Intelligence is attributing the theft to the North Korean hacking group known as the Lazarus Group.
The Lazarus Group is an infamous cybercrime group tied to the North Korean government that has been conducting cybercrimes since 2009.
#parkjinhyok #bybit #BybitHackFud
Bybit, another leading crypto exchange, said it had been hacked — with industry analysts estimating the loss at nearly $1.5 billion
#BybitHackFud
#BybitHackFud
BREAKING: Bybit Crypto Hack Linked to Infamous North Korean Hacker
A massive hack on the crypto exchange Bybit has been traced back to Park Jin Hyok, a notorious North Korean hacker who is already wanted by the FBI for cybercrime.
Park is allegedly a key member of the Lazarus Group, a state-sponsored hacking organization believed to be behind some of the biggest crypto heists in history. The Lazarus Group has been linked to several high-profile cyberattacks, including the 2017 WannaCry ransomware attack and multiple breaches targeting crypto platforms, stealing billions of dollars over the years.
Bybit, one of the largest cryptocurrency exchanges, has yet to disclose the full details of the hack, including the total amount stolen. However, security experts suspect that the attack is part of a larger strategy by North Korea to fund its economy and weapons programs using stolen digital assets.
Authorities worldwide have been working to track down and stop such cybercriminals, but groups like Lazarus continue to evolve their tactics, making it difficult to prevent these attacks entirely. The FBI has warned crypto platforms to tighten their security measures and remain vigilant against sophisticated hacking attempts.
This latest attack raises concerns about the safety of crypto assets and the ongoing risks posed by state-backed cybercriminals. Investors and crypto users are urged to enable strong security measures, such as two-factor authentication and cold storage for assets, to protect themselves from potential breaches.
Stay tuned for more updates as this story develops!
#BybitSecurityBreach #bybit #BybitSecuritySearch #BybitHackFud $BTC
A massive hack on the crypto exchange Bybit has been traced back to Park Jin Hyok, a notorious North Korean hacker who is already wanted by the FBI for cybercrime.
Park is allegedly a key member of the Lazarus Group, a state-sponsored hacking organization believed to be behind some of the biggest crypto heists in history. The Lazarus Group has been linked to several high-profile cyberattacks, including the 2017 WannaCry ransomware attack and multiple breaches targeting crypto platforms, stealing billions of dollars over the years.
Bybit, one of the largest cryptocurrency exchanges, has yet to disclose the full details of the hack, including the total amount stolen. However, security experts suspect that the attack is part of a larger strategy by North Korea to fund its economy and weapons programs using stolen digital assets.
Authorities worldwide have been working to track down and stop such cybercriminals, but groups like Lazarus continue to evolve their tactics, making it difficult to prevent these attacks entirely. The FBI has warned crypto platforms to tighten their security measures and remain vigilant against sophisticated hacking attempts.
This latest attack raises concerns about the safety of crypto assets and the ongoing risks posed by state-backed cybercriminals. Investors and crypto users are urged to enable strong security measures, such as two-factor authentication and cold storage for assets, to protect themselves from potential breaches.
Stay tuned for more updates as this story develops!
#BybitSecurityBreach #bybit #BybitSecuritySearch #BybitHackFud $BTC
some Profit share
wait for 3: Pm IST more big profit share 📈
#BTC走势分析 #BTC #ETHETFsApproved #ETH #BybitHackFud
wait for 3: Pm IST more big profit share 📈
#BTC走势分析 #BTC #ETHETFsApproved #ETH #BybitHackFud
#BybitHackFud Bybit has recovered about 70% of its Ethereum reserves and currently holds about 308,100 $ETH
Bybit CEO Ben Zhou confirmed in a Friday livestream that the $1.5 billion hack against his crypto exchange lost the firm the vast majority of its customers’ ETH holdings.
“I believe it was around seventy percent,” Zhou told viewers, when asked how much was lost relative to the company’s ETH assets under management. “We normally keep sixty to seventy prevent in the cold wallets, and I believe this was the amount.”
Bybit CEO Ben Zhou confirmed in a Friday livestream that the $1.5 billion hack against his crypto exchange lost the firm the vast majority of its customers’ ETH holdings.
“I believe it was around seventy percent,” Zhou told viewers, when asked how much was lost relative to the company’s ETH assets under management. “We normally keep sixty to seventy prevent in the cold wallets, and I believe this was the amount.”
Bybit Hack: North Korean Lazarus Group Launders $140M—More Funds Headed to Bitcoin Mixers?
The $1.46 billion hack of Bybit has now entered a critical phase as North Korea’s Lazarus Group begins laundering the stolen funds. According to blockchain intelligence firm Elliptic, the hackers have already moved $140 million in crypto, using decentralized exchanges and anonymous platforms to obscure their trail.
With Bybit users withdrawing billions from the exchange, experts believe the next step could involve Bitcoin mixers, a common tactic used by Lazarus in past cyber heists.
How the Stolen Funds Are Being Laundered
Elliptic’s latest report outlines the systematic approach taken by the hackers:
Funds initially distributed across 50 wallets, each holding 10,000 ETH.Stolen tokens like stETH and cmETH were converted to Ethereum using DEXs to avoid asset freezes.Ethereum holdings are now being steadily converted to Bitcoin via anonymous exchanges like eXch, which has allegedly processed "tens of millions of dollars" in stolen assets.
Elliptic warns that if previous patterns hold, the next step could involve Bitcoin mixers to further hide the money trail. However, due to the sheer size of stolen assets, this step may prove more challenging.
Bybit Faces $6B in Outflows Amid Crisis
As a result of the hack, Bybit is facing immense pressure, with investors rushing to withdraw funds:
📉 Bitcoin reserves in Bybit’s hot wallet plunged from 70,000 BTC to just over 52,000 BTC—a $1.7 billion outflow since Friday.📉 Total withdrawals from Bybit across various crypto assets have exceeded $6 billion.
eXch Accused of Facilitating Money Laundering
Blockchain researchers, including ZachXBT, have linked eXch to the laundering process, despite Bybit’s direct requests to block transactions.
Elliptic claims eXch has ignored Bybit’s calls to freeze stolen funds.In an emailed response, eXch accused Bybit of making “direct attacks” on its reputation, implying that collaboration was unlikely.eXch denied allegations of laundering, claiming that any funds processed from the Bybit hack were an “insignificant part” and would be donated to open-source privacy initiatives.
Lazarus Group’s Long History of Crypto Crimes
The Lazarus Group has stolen over $3 billion in crypto assets since 2017, reportedly funding North Korea’s missile program, according to a 2023 UN report.
This latest attack on Bybit surpasses the $611 million Poly Network hack of 2021, making it the largest crypto theft in history.
What’s Next?
With funds still being laundered and Bybit facing major withdrawals, authorities are closely watching whether Bitcoin mixers will be used next. Elliptic and Arkham Intelligence continue to track the stolen assets, but with North Korea’s advanced laundering techniques, recovery efforts may face significant challenges.
The post appeared first on CryptosNewss.com
#BybitHackFud #Bitcoin $ETH
With Bybit users withdrawing billions from the exchange, experts believe the next step could involve Bitcoin mixers, a common tactic used by Lazarus in past cyber heists.
How the Stolen Funds Are Being Laundered
Elliptic’s latest report outlines the systematic approach taken by the hackers:
Funds initially distributed across 50 wallets, each holding 10,000 ETH.Stolen tokens like stETH and cmETH were converted to Ethereum using DEXs to avoid asset freezes.Ethereum holdings are now being steadily converted to Bitcoin via anonymous exchanges like eXch, which has allegedly processed "tens of millions of dollars" in stolen assets.
Elliptic warns that if previous patterns hold, the next step could involve Bitcoin mixers to further hide the money trail. However, due to the sheer size of stolen assets, this step may prove more challenging.
Bybit Faces $6B in Outflows Amid Crisis
As a result of the hack, Bybit is facing immense pressure, with investors rushing to withdraw funds:
📉 Bitcoin reserves in Bybit’s hot wallet plunged from 70,000 BTC to just over 52,000 BTC—a $1.7 billion outflow since Friday.📉 Total withdrawals from Bybit across various crypto assets have exceeded $6 billion.
eXch Accused of Facilitating Money Laundering
Blockchain researchers, including ZachXBT, have linked eXch to the laundering process, despite Bybit’s direct requests to block transactions.
Elliptic claims eXch has ignored Bybit’s calls to freeze stolen funds.In an emailed response, eXch accused Bybit of making “direct attacks” on its reputation, implying that collaboration was unlikely.eXch denied allegations of laundering, claiming that any funds processed from the Bybit hack were an “insignificant part” and would be donated to open-source privacy initiatives.
Lazarus Group’s Long History of Crypto Crimes
The Lazarus Group has stolen over $3 billion in crypto assets since 2017, reportedly funding North Korea’s missile program, according to a 2023 UN report.
This latest attack on Bybit surpasses the $611 million Poly Network hack of 2021, making it the largest crypto theft in history.
What’s Next?
With funds still being laundered and Bybit facing major withdrawals, authorities are closely watching whether Bitcoin mixers will be used next. Elliptic and Arkham Intelligence continue to track the stolen assets, but with North Korea’s advanced laundering techniques, recovery efforts may face significant challenges.
The post appeared first on CryptosNewss.com
#BybitHackFud #Bitcoin $ETH
Bybit Hack: Stolen Funds Likely Moving to Crypto Mixers, Says Elliptic
February 24, 2025 – In a shocking cyberattack, Bybit, one of the world’s leading crypto exchanges, has suffered a $1.46 billion security breach. Blockchain analytics firm Elliptic now warns that the stolen funds are likely being funneled through crypto mixers, a common tactic used by cybercriminals to launder illicit assets.
Funds Being Moved Rapidly
Elliptic’s latest findings reveal that the stolen Ethereum (ETH) has already been distributed across 50 different wallets, with transactions suggesting an ongoing laundering operation. At least 10% of the funds have already been transferred, utilizing decentralized exchanges (DEXs) to swap stolen tokens for native assets, making them harder to track.
The next step? Crypto mixers. These platforms blend illicit funds with clean assets, obscuring transaction histories and making it nearly impossible to trace the source of stolen crypto. Given the massive scale of the Bybit hack, laundering this amount effectively will be a significant challenge.
Lazarus Group Suspected
Experts believe the hack bears the hallmarks of Lazarus Group, the North Korean cybercrime syndicate linked to previous record-breaking thefts, including the Axie Infinity Ronin Bridge and Harmony Horizon Bridge hacks. Stolen funds from these attacks have been linked to North Korea’s nuclear weapons program, making this breach not just a financial crime but a global security concern.
Bybit’s Response: Full Reimbursement & Proof-of-Reserves Audit
In response to the attack, Bybit’s CEO, Ben Zhou, has reassured users that the platform remains financially secure. Bybit has already fully reimbursed the stolen ETH and is set to release a new proof-of-reserves audit to confirm that all user funds remain fully backed on a 1:1 basis.
#BybitSecurityBreach #BybitHackFud
#InfiniHacked #SaylorBTCPurchase #EthereumRollbackDebate
$ETH
$BTC
$SOL
February 24, 2025 – In a shocking cyberattack, Bybit, one of the world’s leading crypto exchanges, has suffered a $1.46 billion security breach. Blockchain analytics firm Elliptic now warns that the stolen funds are likely being funneled through crypto mixers, a common tactic used by cybercriminals to launder illicit assets.
Funds Being Moved Rapidly
Elliptic’s latest findings reveal that the stolen Ethereum (ETH) has already been distributed across 50 different wallets, with transactions suggesting an ongoing laundering operation. At least 10% of the funds have already been transferred, utilizing decentralized exchanges (DEXs) to swap stolen tokens for native assets, making them harder to track.
The next step? Crypto mixers. These platforms blend illicit funds with clean assets, obscuring transaction histories and making it nearly impossible to trace the source of stolen crypto. Given the massive scale of the Bybit hack, laundering this amount effectively will be a significant challenge.
Lazarus Group Suspected
Experts believe the hack bears the hallmarks of Lazarus Group, the North Korean cybercrime syndicate linked to previous record-breaking thefts, including the Axie Infinity Ronin Bridge and Harmony Horizon Bridge hacks. Stolen funds from these attacks have been linked to North Korea’s nuclear weapons program, making this breach not just a financial crime but a global security concern.
Bybit’s Response: Full Reimbursement & Proof-of-Reserves Audit
In response to the attack, Bybit’s CEO, Ben Zhou, has reassured users that the platform remains financially secure. Bybit has already fully reimbursed the stolen ETH and is set to release a new proof-of-reserves audit to confirm that all user funds remain fully backed on a 1:1 basis.
#BybitSecurityBreach #BybitHackFud
#InfiniHacked #SaylorBTCPurchase #EthereumRollbackDebate
$ETH
$BTC
$SOL
#BybitHackFud many will buy this. Except smart ones.
#LitecoinETF #SECStaking #BinanceAirdropAlert #BinanceAlphaAlert
#LitecoinETF #SECStaking #BinanceAirdropAlert #BinanceAlphaAlert
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Updates
Bybit Suffers Largest Hack in History, Losing $$ 1.5 Billion in Cryptocurrency
Bybit, one of the world’s largest cryptocurrency exchanges, has suffered a cyberattack that resulted in the theft of approximately $$ 1.5 billion in Ethereum. The incident occurred during a routine transfer from a cold wallet to a hot wallet, when hackers managed to manipulate the transaction and gain control of the funds.
Bybit CEO Ben Zhou assured that the company remains solvent and that all customer assets are secured at a 1:1 ratio. In addition, the platform continues to operate normally, with withdrawals and other operations unaffected.
Preliminary investigations indicate that the attack may have been perpetrated by the Lazarus Group, a hacking group linked to the North Korean government, known for previous large-scale cyberattacks.
In response to the incident, Bybit has launched a rewards program, offering up to 10% of the recovered amount to cybersecurity experts who assist in recovering the stolen funds. This means that the reward could reach up to $$ 140 million, depending on the amount recovered.
This attack represents the largest theft in cryptocurrency history, surpassing previous incidents such as the Ronin Network in 2022 and the Mt. Gox exchange in 2014. Despite the magnitude of the theft, the impact on the market was relatively limited, with Bitcoin falling by around 3.5% and Ethereum falling by 4% in the last 24 hours.
Bybit has reaffirmed its commitment to the security of its customers' assets and is working closely with experts to strengthen its protection measures and prevent similar incidents in the future.
#BybitSecurityBreach #BybitHackFud #ciberseguridad
Bybit Suffers Largest Hack in History, Losing $$ 1.5 Billion in Cryptocurrency
Bybit, one of the world’s largest cryptocurrency exchanges, has suffered a cyberattack that resulted in the theft of approximately $$ 1.5 billion in Ethereum. The incident occurred during a routine transfer from a cold wallet to a hot wallet, when hackers managed to manipulate the transaction and gain control of the funds.
Bybit CEO Ben Zhou assured that the company remains solvent and that all customer assets are secured at a 1:1 ratio. In addition, the platform continues to operate normally, with withdrawals and other operations unaffected.
Preliminary investigations indicate that the attack may have been perpetrated by the Lazarus Group, a hacking group linked to the North Korean government, known for previous large-scale cyberattacks.
In response to the incident, Bybit has launched a rewards program, offering up to 10% of the recovered amount to cybersecurity experts who assist in recovering the stolen funds. This means that the reward could reach up to $$ 140 million, depending on the amount recovered.
This attack represents the largest theft in cryptocurrency history, surpassing previous incidents such as the Ronin Network in 2022 and the Mt. Gox exchange in 2014. Despite the magnitude of the theft, the impact on the market was relatively limited, with Bitcoin falling by around 3.5% and Ethereum falling by 4% in the last 24 hours.
Bybit has reaffirmed its commitment to the security of its customers' assets and is working closely with experts to strengthen its protection measures and prevent similar incidents in the future.
#BybitSecurityBreach #BybitHackFud #ciberseguridad
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