North Korean Hackers Were Behind Crypto’s Largest ‘Theft of All Time’


Blockchain analytics firm Arkham Intelligence said North Korea’s Lazarus Group was behind Bybit’s $1.46 billion hack. In an earlier post on social media platform X, Arkham offered a bounty of 50,000 ARKM tokens for anyone who could identify the attackers for Friday’s hack.

Later, the platform said onchain sleuth ZachXBT submitted “definitive proof” that the attackers were the North Korean hacker group. “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,” the post said.

Read more…
Source: Coindesk News


Sign up for our Newsletter


Related:

  • Top AI Trends from 2024 – A Look Back

    January 3, 2025

    2024 may go down as the year AI stopped being a technological novelty and became—more consequentially—a Fact of Life. Big names like Microsoft, Salesforce, and Intuit built AI into mainstream enterprise solutions; specialized AI apps and services sprung up for everything from copywriting to data analysis; and governments, think tanks, and regulators poured effort into ...

  • Nigeria, South Africa, Algeria top targets for cyber attacks in 2024

    January 1, 2025

    In the first half of 2024, Nigeria saw 2,721 incidents, with the telecom sector, computer services sector, Data processing and hosting companies, and even local beauty salons having a fair dose of the attacks respectively. At the time, experts attributed the rise in cyberattacks to digital transformation initiatives the country was carrying out such as adoption ...

  • Thomas Cook India website goes down after cyberattack

    January 1, 2025

    Thomas Cook India has announced that its IT infrastructure is under a cyberattack. The travel services provider also said it’s working with security experts to investigate the incident and will take necessary remedial actions. The company stated that it promptly took steps to investigate and respond upon discovering the incident, including shutting down affected systems. The company’s ...

  • Catching “EC2 Grouper”- no indicators required!

    December 30, 2024

    Through the years of analyzing identity compromises in the cloud, Fortinet researchers have seen the same attackers pop up regularly, some more frequently than others. Among the more prolific ones they’ve come to know is one they’ve dubbed “EC2 Grouper”. Over the past couple of years, they’ve seen this actor in several dozen customer environments, ...

  • U.S. Treasury Department Says Systems Hacked by China-Backed Actor

    December 30, 2024

    The Treasury Department told lawmakers Monday that a state-sponsored actor in China hacked its systems, accessing several user workstations and certain unclassified documents. The treasury was informed on Dec. 8 by a third-party software service provider, BeyondTrust, that a threat actor used a stolen key to remotely access certain workstations and unclassified documents, according to a ...

  • U.S. Army Soldier Arrested in AT&T, Verizon Extortions

    December 30, 2024

    Federal authorities have arrested and indicted a 20-year-old U.S. Army soldier on suspicion of being Kiberphant0m, a cybercriminal who has been selling and leaking sensitive customer call records stolen earlier this year from AT&T and Verizon. As first reported by KrebsOnSecurity last month, the accused is a communications specialist who was recently stationed in South Korea. ...