Bybit hacked by North Korean hackers

Lazarus Group withdraws $1.5 billion, crypto analyst ZachXBT reports.

Today, Bybit experienced a massive hack from Lazarus Group that wiped out 400,000 ETH worth around $1.5 billion from its cold wallets today and shortly after said it was gonna get some loans to settle users. An hour after that, Binance and Bitget stepped in, sending over 50,000 ETH straight into Bybit’s wallets, effectively acting as an emergency liquidity lifeline.

North Korean hackers are now among the top 14 largest ETH holders in the world, controlling 0.42% of all ether. Their holdings already exceed Fidelity, Vitalik Buterin, and are twice as large as the Ethereum Foundation.