$92,659.00
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0.00%$0.173944
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3.77%$14.43
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2.04%$0.266516
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0.02%$346.74
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-4.56%$1,754.30
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0.03%$0.649425
-3.03%$224.33
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0.26%$1,867.81
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-1.73%$51.22
-1.93%$2.42
-2.87%$330.55
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-2.67%$0.884802
-5.67%$5.02
-3.68%$32.17
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0.00%$0.096617
1.18%$12.45
32.85%$16.28
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-1.83%$4.37
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11.18%$1.17
0.21%$4.38
-0.44%$92,396.00
-1.34%$0.339488
-2.73%$0.21297
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0.07%$2.72
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0.00%$0.333544
0.39%$0.497034
-5.66%$0.998071
0.06%$4.08
-1.65%$92,333.00
-1.02%$10.28
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-1.06%$0.437973
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-8.80%$0.857535
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-2.07%$71.52
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0.94%$1.00
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0.02%$0.089444
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0.61%$0.999985
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0.81%$91,198.00
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8.18%$0.290305
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3.50%$0.00006756
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0.68%$3.30
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-5.30%$0.531198
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6.36%$0.519931
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-0.02%$0.067976
1.04%$94,807.00
0.23%$0.999988
0.02%$0.62866
-2.83%$0.439822
-2.80%$0.00834503
-3.36%$90,044.00
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6.42%$92,606.00
-1.20%$0.500308
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-0.00%$1.66
-4.26%$1.29
-1.11%$0.691994
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-5.60%$15.38
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0.13%$0.00002163
-2.90%$110.80
0.01%$0.245906
10.26%$92,444.00
-1.35%$5.97
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-1.37%$1,751.55
-3.21%$0.508448
-0.54%$6.26
-3.90%$1.084
0.01%$0.16227
-17.15%$0.508291
-1.02%$1.00
-0.28%$2.47
-3.09%$0.077144
-1.58%$0.00624639
-10.71%$1,864.52
-3.25%$1,752.94
-3.26%$0.04037759
-2.97%$3.50
-5.42%$1,754.25
-3.26%$42.09
-3.33%$0.31977
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-0.02%$0.00006305
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-2.34%$0.00400206
-3.82%$0.343201
-10.11%$0.01722042
-0.75%$0.998646
-0.04%$0.999697
0.00%$1,789.76
-3.03%$0.03146997
-0.90%$0.118603
0.18%$0.324198
-2.99%$0.677863
0.72%$92,597.00
-1.09%$27.07
1.47%$0.703996
0.88%$2.65
-3.17%$0.999784
-0.03%$0.00424431
-9.53%$0.00000143
-8.88%$0.235469
-2.77%$111.14
-2.98%$1.16
-3.11%$0.633159
-5.10%$92,324.00
-2.04%$3,330.28
4.49%$1,736.35
-3.01%$3.47
-4.39%$0.278274
1.51%$0.999165
-0.01%$0.134461
-3.44%$2.86
-3.70%$0.267694
-10.63%$21.89
-2.50%$1.094
6.05%$0.186395
-1.50%$1,852.82
-3.55%$0.513014
-0.70%$1,755.55
-3.05%$0.03673978
-0.86%$0.11001
-2.80%$1,861.18
-1.11%$15.19
-2.35%$0.01250946
-2.33%$0.246356
3.21%$22.02
-3.32%$0.436423
-1.91%$0.02877208
-3.09%$0.924219
-5.27%$0.99963
-0.08%$0.700823
-5.55%$1.00
0.06%$1,923.79
-3.15%$92,262.00
-1.70%$2.19
-2.85%$0.00260159
-9.17%$1,907.16
-3.22%$1.095
-0.04%$0.00254514
-3.85%Reading
Blockchain data platform Arkham Intelligence says that the North Korean state-sponsored Lazarus hacking group is responsible for swiping over $1.4 billion worth of Ethereum (ETH) and related tokens from crypto exchange Bybit on Friday.
The connection to Lazarus was made via on-chain data that linked activity to previous attacks tied to Lazarus, a group that has been tied to numerous other industry hacks and exploits. The connection was made by pseudonymous on-chain sleuth ZachXBT, who has helped solve many other crypto hacks in recent years.
"His submission included a detailed analysis of test transactions and connected wallets used ahead of the exploit, as well as multiple forensics graphs and timing analyses," Arkham posted on X.
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 wallets used ahead of… https://t.co/O43qD2CM2U pic.twitter.com/jtQPtXl0C5
— Arkham (@arkham) February 21, 2025
Arkham had posted a bounty, offering nearly $30,000 worth of ARKM tokens in exchange for figuring out who was behind the $1.4 billion hack that rocked Bybit early Friday—and proceeded to shake crypto markets thereafter.
ZachXBT has yet to detail his findings, but mentioned he and a colleague managed to identify North Korean operators as responsible for the Bybit hack by discovering on-chain connections between wallets used today and those used last month during an $85 million exploit of Phemex, the Singapore-based crypto exchange.
North Korean state-sponsored crypto hackers, collectively dubbed the Lazarus Group by Western investigators, are some of the most sophisticated on-chain operators in the world. Last year, they managed to nab over $1.3 billion from various projects—61% of all ill-gotten crypto stolen in 2024, according to Chainalysis.
Coin prices are falling Friday following confirmation that major centralized crypto exchange Bybit was hacked after $1.4 billion worth of tokens were stolen in a hack. More than $1.4 billion worth of Ethereum (ETH) and stETH were withdrawn from Bybit's hot wallet on Friday, and a large chunk of the funds were being sold via decentralized exchanges. Bybit co-founder CEO Ben Zhou confirmed the attack in a post on X (formerly Twitter), saying that a planned transfer was manipulated in some way and...
There is no one singular “Lazarus Group.” Instead, as far as evidence suggests, North Korea utilizes several teams of operators, each with different specialties, ranging from phishing attacks to complicated on-chain exploits and using false identities to infiltrate crypto companies.
As of writing, it is unclear how sophisticated today’s hack—the largest in crypto history based on asset prices at the time of incident—really was. Bybit insisted that the exploit utilized a “sophisticated attack” that masked the signing interface of a multi-signature transaction and made a hacker-controlled wallet appear as the intended recipient address. Some crypto users pushed back on that narrative, questioning whether Bybit employees fell for a phishing attack.
The Democratic People’s Republic of Korea—often referred to as North Korea—is reportedly responsible for 61% of crypto stolen this year, according to Chainalysis. “In 2023, North Korea-affiliated hackers stole approximately $660.50 million across 20 incidents; in 2024, this number increased to $1.34 billion stolen across 47 incidents—a 102.88% increase in value stolen,” reads a recent report from major crypto forensics firm Chainalysis. This is the highest amount siphoned in by North Korean hack...
Either way, North Korea now appears to have nabbed more crypto in a day than it managed to pilfer during the entirety of last year. And it's highly unlikely those funds will be making their way back to Bybit any time soon; whereas the U.S. government has had success tracking down the parties responsible for exploits like the 2016 Bitfinex hack and forcing them to return stolen funds, North Korean operators are almost impossible to pressure or compel, given their home country’s pariah status.
Editor's note: This story was updated after publication with additional details.
Long Island resident Eugene William Austin Jr. has been sentenced to 18 years in prison for his role in a $12 million crypto fraud scheme. Austin, who also went by the name "Hugh Austin," was found guilty of conspiracy to commit wire fraud, conspiracy to commit money laundering, and conspiracy to commit interstate transportation of stolen property in September 2024 following a jury trial. Long Island man sentenced to 18 years in prison following conviction at trial for defrauding cryptocurrency...
The U.S. Securities and Exchange Commission will convene its second crypto policy roundtable on Friday, focusing on crypto asset custody rules and regulatory gaps. The event is part of a four-part series launched by the SEC’s Crypto Task Force to gather input and discuss policy options around digital asset regulation. Opening remarks will come from several senior SEC figures, including new Chairman Paul S. Atkins, who was sworn in earlier this week and has vowed to bring regulatory clarity to th...
The FBI's Internet Crime Complaint Center (IC3) has revealed a troubling trend in its 2024 annual report, released on Wednesday. Americans aged 60 and older are most vulnerable to crypto fraud, despite making up a smaller portion of the population, the agency found. "The criminals Americans face today may look different than in years past, but they still want the same thing: to harm Americans for their own benefit," B. Chad Yarbrough, operations director at the FBI's criminal and cyber division,...
