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:

  • Identifying Rogue AI

    September 19, 2024

    For many – certainly given the share price of some leading proponents – the hype of AI is starting to fade. But that may be about to change with the dawn of agentic AI. It promises to get humanity far closer to the ideal of AI as an autonomous technology capable of goal-oriented problem solving. But ...

  • Zooming in on CVE‑2024‑7965

    September 19, 2024

    On August 21, Google released an update for Chrome, fixing a total of 37 security flaws. Researchers across the globe paid their attention to the CVE‑2024‑7965 vulnerability described as an inappropriate implementation in the browser’s V8 engine. The vulnerability can lead to remote code execution (RCE) in the Chrome renderer and thus become a starting point ...

  • Cyber attack on city of Wichita limited to police records, internal investigation finds

    September 19, 2024

    A ransomware attack that crippled the city of Wichita’s network for more than a month starting in May was limited to a Wichita Police Department records system, city officials said Wednesday. That means the Russian hacker group — LockBit — that claimed credit for the attack did not access bank card numbers, social security numbers or ...

  • Hacker claims to have for sale 87 million strong database after suspected Temu breach

    September 18, 2024

    A cybercriminal claims to have breached Temu and stolen millions of customer records, but the ecommerce giant is vehemently denying the claims. A hacker with the alias ‘smokinthashit’ took to BreachForums, one of the most popular underground forums out there, and advertised a new database, allegedly stolen from the company. “Temu company database for sale. +87M ...

  • Court-Authorized Operation Disrupts Worldwide Botnet Used by People’s Republic of China State-Sponsored Hackers

    September 18, 2024

    The Justice Department today announced a court-authorized law enforcement operation that disrupted a botnet consisting of more than 200,000 consumer devices in the United States and worldwide. As described in court documents unsealed in the Western District of Pennsylvania, the botnet devices were infected by People’s Republic of China (PRC) state-sponsored hackers working for Integrity ...

  • Almost 500GB of data allegedly leaked in RansomHub attack on Kawasaki

    September 18, 2024

    Kawasaki Motors Europe (KME) recently released a statement confirming it was the victim of a cyber attack. The attack caused significant service disruptions as the cybercriminals threatened to release stolen data. KME confirmed, “At the start of September, Kawasaki Motors Europe (KME) was the subject of a cyberattack which, although not successful, resulted in the company’s ...