Lazarus Steals $1.46 Billion From Bybit: Not Breaking Code, Just People
Yesterday, February 21, crypto exchange Bybit fell victim to the biggest theft in crypto history, when the infamous North Korean-backed hacking group Lazarus stole $1.46 billion from the exchange’s cold wallet.
Importantly, the hack did not rely on exploiting a code vulnerability or stealing private keys. Instead, Lazarus broke the human element – the people who controlled Bybit’s multisig wallets.