Researchers spot the $1.4 billion stolen from Bybit 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

A NORTH Korean hacking group accused of orchestrating the largest heist in crypto’s history have stolen a whopping £5billon worth of digital money from the West. The shady Lazarus Group are

North Korea’s infamous Lazarus Group is suspected to be the mastermind behind the $1.4 billion Ethereum (CRYPTO: ETH) hack on cryptocurrency exchange Bybit, as per findings from blockchain data platform Arkham Intelligence.

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.

ByBit, one of the largest crypto exchanges in the world, is reporting that it has recovered pilfered funds. In a statement today, the company stated they had

North Korean hackers have begun laundering $140 million of the $1.46 billion stolen from Bybit through anonymous exchanges

The hack that rocked the crypto market and saw most prices tumbling was called the "largest crypto theft of all time, by some margin," by Elliptic's Tom Robinson, co-founder and chief scientist. "The next largest crypto theft would be the $611 million stolen from Poly Network in 2021. In fact it may even be the largest single theft of all time."

North Korean cyber criminals are feared to have carried out the “worst hack in history” after a $US1.19 billion ($2.36 billion) billion crypto heist was uncovered.

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