News View Non-AMP

Exposed: Lazarus Linked to Bybit’s $1B Crypto Hack, Data Reveals

Published by
Mustafa Mulla

Bybit, one of the world’s largest cryptocurrency exchanges with over 60 million users, has been hit by a staggering $1 billion+ hack. As speculation grew over who was responsible, blockchain investigator ZachXBT stepped in with concrete evidence linking the attack to North Korea’s notorious cybercriminal group, Lazarus.

So how did they do it? And what happens next for Bybit? Let’s break it down.

Who Is Behind the Bybit Hack?

Blockchain intelligence platform Arkham Intelligence recently offered a bounty of 50,000 ARKM (worth about $30,000) to help identify the hackers behind the attack.

ZachXBT took on the challenge and uncovered solid proof that the Lazarus Group was behind the breach. Using his deep knowledge of on-chain analysis, he traced suspicious transactions, wallet connections before the attack, forensic charts, and precise timing—all leading back to the group.

How the Hack Unfolded

According to ZachXBT’s findings, Lazarus first made small test transactions before launching the full-scale attack. This is a common tactic used by hackers to ensure their method works before moving large sums of stolen funds.

By carefully tracking wallet movements and transaction timestamps, he was able to trace the stolen funds back to addresses controlled by Lazarus.

Arkham Intelligence confirmed that ZachXBT has shared his findings with Bybit’s security team to assist in their investigation. While Bybit has yet to issue a detailed statement, this new evidence could help in recovering the stolen funds or strengthening security to prevent future breaches.

Lazarus: The Group Behind Crypto’s Biggest Thefts

Lazarus is infamous for targeting crypto firms and has been responsible for some of the largest cyber thefts in history. The group consists of multiple teams, each with different skills—some specialize in phishing scams, others in advanced blockchain attacks, and some use fake identities to infiltrate crypto companies.

In 2024 alone, Lazarus stole over $1.3 billion from various crypto projects—accounting for 61% of all stolen crypto that year.

With ZachXBT’s findings now public, all eyes are on Bybit to see how they respond to this record-breaking attack.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Crypto Liquidations Nearly $1B Today: Time to Exit and Take Profits?

The cryptocurrency market recorded more than $841 million in total forced liquidations during the last…

May 31, 2025

Bitcoin Price Displays a Similar Deviation: Is it Time for a Deeper Correction?

Ever since the start of the week, the Bitcoin price has been facing significant bearish…

May 30, 2025

Nimanode Ignites XRP Ecosystem with $NMA Presale, Eyes 10X Growth Post-Launch

Nimanode, the first no-code AI agent platform built natively on the XRP Ledger (XRPL), is…

May 30, 2025

Solana Targets $200 as TRON Prepares to Flip December’s ATH; Could Unilabs’ AI Launchpad Reshape DeFi?

With Bitcoin (BTC) ranging between $105,000 and $110,000, attention is gradually shifting to altcoins, causing…

May 30, 2025

Solana (SOL) Price Heading to the Crucial Range—Will it Drop to $150 or Rebound to $180?

The crypto markets are consolidating ahead of the $5 billion liquidity entering the space, as…

May 30, 2025

Top Cryptocurrencies Poised for Explosive Growth in 2025: Ripple, Ethereum, and Unilabs

Per reports from crypto commentators, the Ripple price might be soaring to $5 in the…

May 30, 2025