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North Korean Lazarus Group Hackers Were Behind Crypto's Largest 'Theft of All Time'.

The attack appeared to have been caused by something called "Blind Signing."where a smart contract transaction is approved without the comprehensive knowledge of its contents.

Bybit CEO Ben Zhou wrote earlier on X that a hacker "took control of the specific $ETH cold wallet and transferred all the ETH in the cold wallet to unidentified address." He also confirmed that the exchange "is solvent even if this hack loss is not recovered."

The attackers first withdrew nearly $1.5 billion worth of funds from the exchange into a main wallet and then distributed the assets to several different wallets. #BybitSecurityBreach