Bybit has already paid more than $4 million to bounty hunters who helped trace and freeze some of the stolen funds.

A series of third-party forensic investigations into the recent Bybit exploit revealed that compromised SafeWallet credentials led to more than $1.4 billion worth of Ether (ETH) being stolen by North Korea’s Lazarus Group.

The crypto industry is reeling from the largest exchange hack in history, as Bybit, the world's second-largest crypto exchange by trading volume, su

Less than a week after hackers stole over $1.4 billion from Bybit, CEO Ben Zhou is launching a counteroffensive against the North Korea-affiliated Lazarus Group.

The Lazarus Group has laundered stolen crypto from last week's record-shattering Bybit hack through the exchange eXch, according to the blockchain research firm Elliptic.

Still, valued at $1.5 billion, the Bybit heist would make up more than half of the total amount of crypto stolen in 2024, according to a report from Chainalysis last year. The Cha

Less than 72 hours later, Zhou said Bybit had restored the exchange’s balance and kept customer withdrawals open, although he did not account for the stolen crypto. The scale of the Bybit theft surpasses the previous record of a $615 million heist of Ethereum and U.