Bybit Hack: Largest Crypto Theft

This is a North Korea news story, published by CoinGape, that relates primarily to Bybit news.

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Who Are the Lazarus Group Hackers? Unveiling the Mystery Behind Bybit's $1.4B Breach | CoinGape

Summary

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63% Informative

The $1.4 billion theft from Bybit stands as one of the largest in cryptocurrency history, surpassing previous high-profile breaches.

The Lazarus Group , linked to North Korea , has been identified as the mastermind behind the Bybit hack.

This incident underscores the pressing need for enhanced security measures across cryptocurrency exchanges to protect against sophisticated cyber threats.

U.S. estimates North Korea's crypto thefts bankroll 30% of its missile program.

Lazarus Group’s $1.4 billion Bybit heist is more than a record-breaking theft.

The Lazarus Group isn’t slowing down. Discussions in the crypto space assert that, they have been behind January 's $30 million Phemex hack too, hinting at a spree targeting exchanges.

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English

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