The Lazarus Group, a cybercrime syndicate linked to North Korea, has long been a thorn in the side of the crypto industry. Since 2017, the group has stolen over $6 billion in digital assets, funneling the proceeds into the country’s ballistic missile program. The Bybit heist alone accounts for nearly a quarter of that total.

Following the recent theft of $1.4B from Bybit’s reserves, the exchange has launched “Lazarus Bounty.” The bounty tracking platform aims to recruit the global crypto community to aid in the recovery of the stolen funds.

Bybit, Elliptic and ZeroShadow uncovered over 11,000 crypto wallets tied to North Korean hackers as part of a massive fund-tracing effort after the Bybit hack.

The crypto industry is reeling from the largest exchange hack in history, as Bybit, the world's second-largest crypto exchange by trading volume, su

Researchers spot the stolen funds moving through cryptocurrency wallets that were used in earlier heists attributed to North Korea's Lazarus hacking group.

On-chain analyst EmberCN revealed that the Bybit exchange hacker has laundered 89,500 ETH in the past two and a half days. According to the firm, the hacker has laundered nearly $224 million, which was 18% of the total Ethereum he stole (499,

Lazarus Group, hackers based in North Korea, tricked Bybit CEO Ben Zhou into approving a transfer of 400,000 ethereum tokens from his company's cold wallet.