LazarusGroup

Researchers attribute the $1.5 billion hack of Bybit’s crypto exchange to North Korea's Lazarus Group. Over 401,000 Ether was stolen from Bybit's cold wallet, making up 70% of its Ether reserves. Recovery efforts and security responses are underway.

In February 2025, the cryptocurrency exchange Bybit fell victim to the largest crypto theft in history, losing $1.5 billion worth of ether. The infamous Lazarus Group was linked to the hack, exploiting security vulnerabilities and moving funds through multiple addresses. Learn how services like Bitlet.app offer safer ways to buy crypto, including installment options that reduce upfront risk.

U.S. authorities are intensifying efforts to stop North Korea from funding its nuclear weapons program through stolen cryptocurrencies, targeting the notorious Lazarus Group and related money laundering operations.

Recent events have highlighted significant security vulnerabilities in the cryptocurrency industry, notably involving the Lazarus Group. Their operations raise pressing questions about the safety of digital assets.