Lazarus Group Completes ETH Laundering, Amassing 6,706 BTC in the Process
Blockchain analysis reports from Arkham Intelligence indicate that North Korea’s Lazarus Group has fully laundered the ethereum (ETH) proceeds from the Bybit breach, with a significant share of the assets now converted into bitcoin (BTC). From ETH to BTC: Lazarus Group Now Holds 6,706 Bitcoin Worth $591M Examining 57 separate accounts, the hackers behind the […]
Return $4M or Face FBI, Interpol: Mask Network Founder to Hackers
Mask Network founder Suji Yan has told hackers who recently siphoned $4 million in digital assets from his wallet to return the funds or face enforcement action. Yan stated that the Federal Bureau of Investigation, the Hong Kong Police, Interpol, and private security personnel have evidence implicating the hacker. However, he said the hacker can […]
Hackers Using Github to Steal Crypto—Malware Hidden in Open Source
A stealthy malware campaign is hijacking crypto wallets by embedding malicious code in fake open-source projects on Github, tricking developers into executing hidden payloads. Stealthy Malware on Github Is Hijacking Crypto Wallets A recently uncovered cyber campaign known as Gitvenom has been targeting Github users by embedding malicious code within seemingly legitimate open-source projects. Kaspersky […]
Bybit Exploit Loot in Motion: $497M in ETH Scattered Through Covert Transfers Over 4 Days
The latest data from blockchain tracking platforms reveals that the entity behind the Bybit exploit has relocated 230,645.05 ETH (valued at $497.4 million) across multiple transactions completed during a four-day window. This calculated redistribution of ether, executed with methodical precision, highlights both the scale of cryptographic wealth movement. Bybit Hackers Scatter Ether Stash Across Multiple […]
Thorchain Defenders Slam ‘FUD’ Over Alleged North Korea Hacker Ties
Supporters of the decentralized exchange Thorchain have pushed back against claims that the protocol is actively aiding North Korea-backed hackers attempting to cash out funds from the Bybit hack. FUD Allegations Reports that Thorchain, a decentralized exchange (DEX) platform, is refusing to block alleged North Korea-backed hackers from laundering ether (ETH) stolen from Bybit have […]
Mask Network Founder Suji Yan Loses $4M in Crypto to Hackers on Birthday
Mask Network founder Suji Yan’s personal digital assets worth nearly $4 million were stolen in a suspicious transaction. Coordinated Laundering Attempt The blockchain security firm Cyvers said Feb. 27 it had detected suspicious transactions linked to Suji Yan, the founder of Mask Network. At the time of writing, the suspicious address had received nearly $4 […]
Chainflip to Block Bybit Hack Funds With New Protocol Upgrade
Chainflip, a decentralized cross-chain service and market maker, is implementing an upgrade to block illicit funds, specifically those from the recent Bybit hack. Hacked Funds Expose LPs to Excessive Risk Market maker Chainflip has announced it will proceed with a plan to enable interfaces to block illicit flows within the Chainflip protocol. Specifically, the market […]
Chainflip to Block Bybit Hack Funds With New Protocol Upgrade
Chainflip, a decentralized cross-chain service and market maker, is implementing an upgrade to block illicit funds, specifically those from the recent Bybit hack. Hacked Funds Expose LPs to Excessive Risk Market maker Chainflip has announced it will proceed with a plan to enable interfaces to block illicit flows within the Chainflip protocol. Specifically, the market […]
North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist
North Korea’s Lazarus Group, a state-backed hacking collective renowned for its technical sophistication, executed the largest cryptocurrency theft in history by stealing $1.46 billion from Bybit, investigators confirmed. North Korea’s Lazarus Engineered History’s Largest Cryptocurrency Theft The Lazarus Group, a cybercrime unit linked to North Korea’s Reconnaissance General Bureau, leveraged advanced tactics to breach Bybit’s […]
Crypto Chaos: Bybit Livestream Tackles Recent ETH Wallet Breach and $20B Assurance
Following the Bybit hack, the team organized a livestream to deliberate on the recent billion-dollar hack that transpired on the exchange. Bybit’s founder Ben Zhao clarified that the platform was undergoing “massive withdrawals” but emphasized, “It’s not an issue—We have enough tokens to give to clients.” Moreover, in a calculated maneuver, a bridge loan secured […]