Key Points:
- The Lazarus Group, linked to North Korea, executed a theft of $1.46 billion in Ethereum from Bybit.
- This amount exceeds the total stolen by the group in the entirety of 2024.
- The incident has raised alarm among crypto analysts regarding the capabilities of the Lazarus Group.
Executive Summary:
The recent theft of $1.46 billion in Ethereum by the Lazarus Group has considerably alarmed the cybersecurity community, particularly due to the scale of the theft surpassing their total thefts for the entire previous year. Analysts are stunned by the group’s increasing capabilities in cybercrime, marking a significant event in the crypto space.
For further details, refer to the full article on CyberScoop: Crypto analysts stunned by Lazarus Group’s capabilities in $1.46B Bybit theft.
12ft.io Link: https://12ft.io/https://cyberscoop.com/bybit-lazarus-group-north-korea-ethereum/
Archive.org Link: https://web.archive.org/web/https://cyberscoop.com/bybit-lazarus-group-north-korea-ethereum/
Original Link: https://cyberscoop.com/bybit-lazarus-group-north-korea-ethereum/
User Message: Last week’s $1.46 billion Ethereum theft by North Korean-linked Lazarus Group has sent shockwaves through the cybercrime ecosystem.
Crypto analysts stunned by Lazarus Group’s capabilities in $1.46B Bybit theft
The amount stolen last week surpasses what the group was able to steal in all of 2024.
for more on see the post on bypassing methods