⚡️ Lazarus successfully laundered 499,000 ETH stolen from Bybit
The North Korean hacker group Lazarus completed the laundering of $1.39 billion in ETH stolen from Bybit in just 10 days. The main tool used was the decentralized protocol THORChain. The platform earned $5.5 million in fees.
Ethereum lost 23%, plummeting from $2,780 to $2,130 while the hackers funneled the funds through mixers and exchanges.