FBI says North Korean Lazarus hackers were behind $1.5 billion Bybit crypto hack

• Bybit recently saw $1.5 billion stolen during a routine transfer
• The FBI has now linked the Lazarus Group to the theft
• The funds are currently being laundered to hamper tracing efforts

The Bybit cryptocurrency theft which saw almost $1.5 billion in funds stolen, has now been attributed to the notorious North Korean Lazarus Group by the FBI.

The Lazarus Group is also tracked as TraderTraitor and APT38, and in a statement, the FBI said, “TraderTraitor actors are proceeding rapidly and have converted some of the stolen assets to Bitcoin and other virtual assets dispersed across thousands of addresses on multiple blockchains. It is expected these assets will be further laundered and eventually converted to fiat currency.”