- Zakist Lazarus’s group in North Korea linked to BYBIT.
- The penetration stole $ 1.46 billion in the distinctive icons of the ether and ERC-20; His evidence earned him 50,000 ARKM reward (about 31,500 dollars).
- His research has also connected to a penetration by penetrating the last PHEMEX through common theft addresses.
Zachbt connects the lazarus group to Bybit Hack
Researcher on the series Zachbt He referred to the Lazaros group in North Korea as the perpetrator behind the last bybit penetration. 1.46 billion dollars of ether and other ERC-20 symbols. Arkham Intelligence reported that Zachxbt provided unmissive evidence linking the attack to the Lazaros Group. This has earned him a reward of 50,000 Arkm, about $ 31,500, from Arkham’s Boundy.
The hack occurred on February 21. The attackers exploited the Bybit’s Ethereum Multisig Cold wallet while moving a routine to the warm portfolio. They tackled the signature interface to display the correct wallet address while changing the logic of the smart contract. Ben Chu, CEO of bybit, confirmed the losses of more than $ 1.5 billion of encryption assets. Users reassured that withdrawals will continue, even that are currently being reviewed.
This attack is one of the largest encryption exchanges ever. Several encryption players, including Justin Sun, OKX and Kucoin representatives, have expressed support for bybit. They emphasized the need for a joint action against Internet crimes and maintaining market confidence.
Zachxbt’s search also linked the BYBIT penetration to the last PHEMEX penetration. The attackers mixed the money from both accidents using the same primary theft addresses. This tactic is in line with the documented methods of the Lazaros Group.
Arkham Intelligence has provided the BYBIT Forensic data for more investigation. The incident confirms the constant threat of the state’s electronic attacks in the encryption space.
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