Bybit Hackers Identified โ North Korean Cybercriminals Behind $1.5B Theft! ๐จ
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!
๐ Key Findings:
โข Blockchain analyst ZachXBT, in collaboration with Arkham Intelligence, traced stolen funds back to Lazarus-linked wallets.
โข The same group was previously linked to the $70M Phemex attack in January 2025.
โข Lazarus continues to exploit crypto exchanges, DeFi platforms, and bridge protocols, targeting weak security systems.
๐ฅ 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!
๐ก Pro Tip: Always use hardware wallets, enable 2FA, and avoid interacting with unknown smart contracts to keep your assets safe!