Bybit Hackers Identified – North Korean Cybercriminals Behind $1.5B Theft! 🚨
Investigations confirm that Park Jin Hyok, a North Korean computer engineer linked to the Lazarus Group, played a key role in the $1.5 billion Bybit hack. The notorious cybercrime syndicate has been responsible for some of the biggest crypto heists in history!
🔎 Key Findings:
• Blockchain analyst ZachXBT, in collaboration with Arkham Intelligence, traced stolen funds back to Lazarus-linked wallets.
• The same group was previously linked to the $70M Phemex attack in January 2025.
• Lazarus continues to exploit crypto exchanges, DeFi platforms, and bridge protocols, targeting weak security systems.
🔥 What This Means for Crypto?
With North Korean state-sponsored hackers intensifying their attacks, crypto traders and exchanges must prioritize security to prevent future breaches. Regulators are closely watching!
💡 Pro Tip: Always use hardware wallets, enable 2FA, and avoid interacting with unknown smart contracts to keep your assets safe!