Blockchain analysis firm Chainalysis detailed how hackers stole $1.46 billion from cryptocurrency exchange Bybit and shed light on the laundering tactics used by North Korea’s Lazarus Group. On Feb. 21,

Lazarus Group, hackers based in North Korea, tricked Bybit CEO Ben Zhou into approving a transfer of 400,000 ethereum tokens from his company's cold wallet.

Crypto investigator ZachXBT linked the $1.44 billion hack of crypto exchange Bybit on Friday to the infamous Lazarus Group, which has been allegedly responsible for some of the top attacks on digital asset platforms.

ZachXBT has identified North Korea’s Lazarus Group as the orchestrator behind the massive $1.46 billion hack on Bybit.

On-chain sleuthing linked Friday's $1.4 billion hack of crypto exchange Bybit to North Korea's Lazarus Group, Arkham Intelligence said.

Researchers spot the stolen funds moving through cryptocurrency wallets that were used in earlier heists attributed to North Korea's Lazarus hacking group.

North Korea is behind the massive crypto hack, according to several blockchain monitoring firms and a well-known researcher

Investigation revealed that BingX, & Phemex hacks were also connected to the same cluster as Bybit's, confirming the threat actor’s identity as the Lazarus group.