News
Bybit has already paid out $2.2 million for “bounty hunters” who can provide valuable information on the Lazarus Group’s transaction patterns related to the stolen funds.
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North Korea News
North Korea, officially the Democratic People’s Republic of Korea, is an East Asian country on the Korean Peninsula. North Korea’s population is over 25 million people, 1.21 million of which are active-duty soldiers. North Korea is under the rule of its leader Kim Jong-un, who is considered to have the most human rights violations in the contemporary world. North Korean laws made its economy heavily nationalized, which even led to a refusal of a taxation system. North Korean Bitcoin policies are yet to be officially established as their nationalized economy, closed borders, anti-human mobility laws and censorship of the internet all make it extremely hard for North Koreans to have some use for Bitcoin. Cryptocurrencies, as a money without central authority and high anonymity, violate North Korean laws that were not established specially for blockchain-based technologies, but previous laws crafted for other purposes.
- News
Crypto entrepreneurs David Zhang and Giulio Xiloyannis say they were both targeted by hackers.
15662 - Analysis
Can DeFi protocols remain neutral when faced with massive criminal exploitation, or must they evolve to avoid regulatory crackdowns?
3271 - News
The SafeWallet team called for continued improvements to user experience and user interfaces to combat similar future threats.
11968 - News
The Bybit hacker laundered the stolen funds in just 10 days, but security firms said some assets may still be recoverable through blockchain tracing.
18790 - News
THORChain generated over $5 million in revenue as Bybit’s $1.4 billion hacker used the protocol for moving funds, sparking controversy over its role in illicit crypto transfers.
28442 - News
Bybit CEO Ben Zhou confirmed that $280 million in stolen funds has gone dark, with $1.07 billion remaining trackable as investigators race to freeze assets.
5982 - Analysis
The crypto industry has rallied behind Bybit after a hack in which North Korean hacker group Lazarus stole over $1.4 billion.
4723 - News
The Bybit hackers picked up the pace on March 1, laundering another 62,200 Ether amid efforts from US authorities to block transactions tied to the exploiters.
18266 - News
The controversy surrounding THORChain is growing, as North Korean attackers have laundered over 54% of the stolen Bybit funds.
5014 - News
A THORChain dev has backed out and a validator is threatening to follow as North Korean hackers have reportedly sent $605 million worth of crypto through the protocol.
5225 - News
The FBI says it “encourages” private sector entities to prevent Bybit hackers from laundering more funds from the $1.4 billion hack on Oct. 21.
3089 - News
Bybit hackers have laundered $335 million in crypto since the $1.4 billion exploit, leaving $900 million of stolen assets yet to be moved.
13942 - News
Ben Zhou announced the launch of a bounty program after reporting hackers tied to North Korea used an exploit to steal more than $1.4 billion in crypto from Bybit.
8522 - Analysis
Lazarus Group has stolen over $6 billion in crypto since 2017, making it the most notorious hacking ring in the industry.
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