North Korean computer engineer Park Jin Hyok has been implicated in the $1.5 billion Bybit hack, identified as a member of the infamous Lazarus Group. Blockchain investigator ZachXBT, in collaboration with crypto analytics firm Arkham Intelligence, traced the attack to the group. Their findings connected the breach to prior Lazarus Group activities, including a $70 million exploit of the Phemex exchange in January 2025. This revelation underscores the ongoing threat posed by the group, known for its sophisticated cyberattacks targeting the cryptocurrency sector. Authorities continue to monitor and investigate the group's operations to prevent further financial losses.

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