“The platform for tracking onchin-data Arkham Intelligence reported that the BYBIT market at ~ $ 1.5 billion is involved in the North Korean Lazarus Group. Breaking: Bybit $ 1 Billion Hack Bounty Solved by Zachxbt at 19:09 UTC Today, @zachxbt Submitted Definitive Proof that Attack on Bybit Was Performed by the Lazar. His submission included a detailed Analysis of […]”, – WRITE: Businessua.com.ua
The platform for tracking onchin-data Arkham Intelligence reported that the BYBIT market at ~ $ 1.5 billion is involved in the North Korean Lazarus Group.
Breaking: Bybit $ 1 Billion Hack Bounty Solved by Zachxbt
AT 19:09 UTC Today, @zachxbt Submitted Definitive Proof that this Attack on Bybit Was Performed by the Lazarus Group.
His submission included a detailed Analysis of Test Transactions and Connected Walletts Used Ahead of… https://t.co/O43qd2cm2u pic.twitter.com/jtqptxl0c5
– Arkham (@arkham) February 21, 2025
“Today [21 лютого] At 19:09 UTC onchin-analyst Zachxbt provided irrefutable evidence of Lazarus Group’s involvement in breaking Bybit. Its analysis contains a detailed analysis of test transactions and connected wallets used before the attack, as well as a number of graphs and time tags. This data was transmitted to the Exchange team to facilitate the investigation, ”the company’s representatives said.
Keep calm As part of the CEO Bybit, Ben Zhou, the CEO by BYBIT was discussing an exchange with an ETH loan. The site remains solvent, the funds necessary to cover liquidity in Ethereum for the crisis period.
Binance founder Changpen Chejao proposed the Head of Bybit in eliminating the consequences of the incident. He also recommended that the withdrawal of funds suspend as a preventive measure.
The head of the Coinbase Product Department Conor Grogan wrote that Binance and Bitget were deposited on the cold wallet of the Bybit> 50,000 ETH.
Binance and Bitget Just Deposted 50k+ Eth Directly Into Bybit’s Cold Wallets. Bitget’s Deposits Are Especialy Interesting; ITS 1/4 of All of the Exchange’s Eth! (that i can see)
Since they Skipped a deposit Address, these Funds Were Coordinated Directly by Bybit Themselves pic.twitter.com/yimpcyplx7
– Conor (@jconorgrogan) February 21, 2025
According to the knee reporter, 12 652 Steth (about $ 33.75 million) was received from the Mexc exchange on the cold wallet.
BYBIT representatives reported that the incident was “transferred to the relevant bodies”. In addition, collaboration with onchin analytics providers has made it possible to identify and isolate related addresses that limits the capabilities of the attackers to raise ETH through legal markets.
The head of Bitget Grace Chen said that despite the significant losses, they are equivalent to the annual Bybit ($ 1.5 billion). She stressed that customers are in full safe, so there is no panic.
Chen also specified that the transferred assets belong to the Bitget itself, not to users.
Zhou stated that within about 10 hours after the breakdown of the exchange recorded a record number of applications for withdrawal of funds – more than 350,000. About 2,100 requests remain in anticipation, with 99,994% of operations already completed.
“Most robbery” Grogan called Bybit Bybit “the greatest robbery in history.”
The NK Hack of Bybit Is The Largest Heist of All Time, of Any Medium (Central Bank of Iraq Heist (Was ~ $ 1b)
ITS ~ 10X IN $ Terms of the 2016 DAO HACK (that was a Much Higher% of Supple Thought, 15% Versus
