News with the tag "Lazarus GROUP"

The Bybit hack on February 21st has been described as the biggest crypto breach in history. According to the authorities’ final analysis, the popular crypto exchange lost over $1.4 billion in digital assets, primarily Ether. Hours after the successful hacking, it was also revealed that North Korea’s...

Key Takeaways: CEO shares fresh insight into crypto fund tracing. Most stolen assets remain detectable on blockchain trails. Criminals use mixing services to hide fund movements. Recovery efforts involve coordinated work by security experts. The case invites deeper review of digital asset security. ...

Although Bybit CEO Ben Zhou says 88% of stolen crypto is still traceable, the recent Bybit hack has been linked to an unprecedented money laundering operation. Is money laundering via crypto on the rise? Let’s break it down. BlackRock’s Larry Fink famously called crypto an “index of money laundering...

The Lazarus Group, a North Korean state-affiliated hacking syndicate, has recently made news by transferring significant Bitcoin. On-chain data shows that Lazarus Group moved $3.76 million worth of Bitcoin to several unknown addresses, bringing their total to 13,441 BTC, which is worth about $1.15 b...

North Korean hacker group, Lazarus Group, was seen sending Bitcoin to multiple unknown addresses, bringing their total holdings down to 13,441 BTC, according to on-chain data. According to data from Arkham Intelligence, the North Korean hacker group’s Bitcoin ( BTC ) holdings are now worth around $1...

Hold onto your hats, crypto enthusiasts! The digital underworld has been buzzing with a revelation that sounds straight out of a spy thriller. Bybit exchange CEO, Ben Zhou, dropped a bombshell on X, exposing the audacious tactics of the notorious North Korean Lazarus Group. These cyber masterminds, ...

Bybit CEO Ben Zhou reported that 88% of the stolen funds from the exchange is still traceable, but hackers are ramping up obfuscation efforts with Bitcoin mixers. As of 20 March, Ben Zhou’s latest executive summary of Bybit’s stolen funds reveals that 88.87% of the stolen $1.4 billion worth of crypt...

Bybit CEO Ben Zhou revealed on Thursday that 88.87% of the $1.4 billion stolen in crypto from the exchange remains traceable, despite the Lazarus Group moving the funds through Bitcoin mixers. The stolen assets, consisting of 500,000 ETH, have largely been converted into 12,836 BTC and are now distr...

In a fascinating turn of events in the crypto world, leading crypto exchange Bybit has officially requested DeFi protocol Paraswap to return fees amounting to 44.67 wETH. This sum, valued at approximately $100,000, was earned by Paraswap from swaps that are allegedly linked to the infamous Lazarus G...

Up to 20% of the funds from the Bybit hack are untraceable and have gone dark, noted the exchange’s CEO Ben Zhou. However, up to 77% have been traced, giving some hopes of recovery. Nearly two weeks after the Bybit hack, the lost funds have gone through multiple transactions. The exchange’s CEO Ben ...