Tag: Bybit

The Infamous Hacker Behind the .5 Billion Theft from Bybit

The Infamous Hacker Behind the $1.5 Billion Theft from Bybit

In a stunning digital heist that sent shockwaves through the cryptocurrency world, North Korea‘s notorious Lazarus Group pulled off their biggest crypto theft yet, stealing $1.5 billion worth of Ethereum from the Bybit exchange. The attack, which occurred just days ago on February 21st, 2025, has become the latest chapter in North Korea’s ongoing cyber warfare campaign. Meet the Mastermind…

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Is Bybit Headed for Bankruptcy After .5Billion Hack?

Is Bybit Headed for Bankruptcy After $1.5Billion Hack?

Hackers linked to North Korea’s Lazarus Group drained nearly $1.5 billion from Bybit’s ether cold wallets on February 21. Following this, panic spread across the platform as users rushed to withdraw funds. Blockchain data from DeFiLlama revealed total assets plummeted from $16.9 billion to $11.2 billion within hours. Meanwhile, CEO Ben Zhou activated emergency protocols, urging staff to prioritise withdrawal…

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