Bybit Forensics: Tracing the $1.5B Crypto Heist

Bybit recently fell victim to a massive $1.5 billion hack, and forensic investigations point directly to North Korea’s Lazarus Group. The FBI confirmed that the hackers infiltrated Safe{Wallet}, a multisignature wallet provider used by Bybit, by compromising a developer’s device.

This breach allowed them to inject malicious code, ultimately draining around 401,000 ETH to an unknown address. In response, Bybit has put up a $140 million bounty for information leading to the recovery of the stolen funds.

This attack is another stark reminder of the growing cybersecurity risks in crypto. As hacks become more sophisticated, exchanges and users must double down on security to stay ahead.

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