FBI Confirms North Korea’s Lazarus Group Behind $1.5B Bybit Hack, Asks Crypto Community For Help
The US Federal Bureau of Investigation (FBI) confirmed that North Korea’s Lazarus Group was behind the $1.5 billion Bybit hack and is urging the crypto industry to block transactions linked to the stolen funds. The agency is calling on exchanges, node operators, and private sector players to prevent further laundering, as the hackers have already moved over 135,000 ETH. It flagged 51 Ethereum addresses tied to the attack, the largest crypto heist ever. ”Actors are proceeding rapidly and have converted some of the stolen assets to Bitcoin and other virtual assets dispersed across thousands of addresses on multiple blockchains,” the FBI said. It added that the stolen funds will “be further laundered” before eventually being converted to fiat currency. About 363,900 ETH has remained unmoved. At ETH’s current price of $2,351.38 as of 7:07 a.m. EST, the assets are worth more than $855.6 million. Most of the assets that were stolen from the centraliz...