Bybit $1.5 Billion Lazarus Hack – Latest Updates

Author

Markus Thielen
February 22, 2025

👇1-14) Renowned crypto investigator ZachXBT conducted a detailed blockchain analysis of the Bybit hack, uncovering patterns and wallet connections that align with previous attacks attributed to the Lazarus Group. Arkham Intelligence, a leading blockchain analytics firm, independently verified his findings and awarded him a bounty for providing definitive evidence linking the hack to Lazarus, further solidifying the credibility of the attribution.

The funding rates (notably for BTC) are turning up (bullish).

👇2-14) The attack methods used in the Bybit hack closely resemble those seen in previous Lazarus Group operations, including "blind signing" exploits, where victims unknowingly authorize malicious transactions without realizing the true nature of the transfer.

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