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: Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms
The hack that rocked the crypto market and saw most prices tumbling was called the “largest crypto theft of all time, by some margin,” by Elliptic’s Tom Robinson, co-founder and chief scientist. “The next largest crypto theft would be the $611 million stolen from Poly Network…
