Arkham Intelligence has revealed that the Lazarus Group, a notorious North Korean hacking collective, was responsible for the $1.5 billion hack at Bybit on Friday, according to blockchain investigator ZackXBT.
The breach appears to have been triggered by a vulnerability known as “Blind Signing.” The attackers initially withdrew nearly $1.5 billion worth of funds into a primary wallet before redistributing the assets across multiple wallets.
Arkham Intelligence confirmed the involvement of Lazarus Group in the hack, which amounted to $1.46 billion.
On social media platform X, Arkham offered a reward of 50,000 ARKM tokens for anyone able to help identify the hackers. Later, ZachXBT provided “definitive proof” confirming that the attack was orchestrated by the North Korean hacking group.
Arkham Intelligence has revealed that the Lazarus Group, a notorious North Korean hacking collective, was responsible for the $1.5 billion hack at Bybit on Friday, according to blockchain investigator ZackXBT.
The breach appears to have been triggered by a vulnerability known as “Blind Signing.” The attackers initially withdrew nearly $1.5 billion worth of funds into a primary wallet before redistributing the assets across multiple wallets.
Arkham Intelligence confirmed the involvement of Lazarus Group in the hack, which amounted to $1.46 billion.
On social media platform X, Arkham offered a reward of 50,000 ARKM tokens for anyone able to help identify the hackers. Later, ZachXBT provided “definitive proof” confirming that the attack was orchestrated by the North Korean hacking group.
