According to the latest onChain evidence, the screw group, the North Horea Cybercrime Organization, is suspected of being behind $ 1.4 billion in bybitt and $ 29 million in PHEMEX hacking.
On February 21, BYbit Exchange Hack caused the largest encryption stolen in history, and the attacker stole more than $ 1.4 billion with liquid stained ether, Mantle Staked ETH (Meth) and other ERC-20 tokens.
Blockchain security analysts, including the Arkham Intelligence and Onchain Sleuth ZachxBt, have traced the attack against the group.
According to a new onchain survey, the group’s wallet in January was after a $ 29 million PHEMEX hack in January.
ZACHXBT said in the X POST on February 22, “Lazarus Group is a PHEMEX HACK on-Chain Commingling with on the chain commitring with on the chain on the The Chain on the initial case was written on February 22 in posts.
source: zachxbt
According to Onchain Data, PHEMEX’s hot wallet is $ 29 million in more than 125 individual transactions recorded in 11 blockchain networks before the attacker switches to Ether through an encryption mixing protocol such as Tornado Cash. It was drained by the digital assets of. Track.
Bybit Hack alone accounted for more than half of $ 2.3 billion stolen in 2024 encryption -related hacks, recording significant frustration in the industry.
According to Meir Dolev, co -founder and chief technical officer of CYVERS, this attack shares similarities with $ 230 million in Wazirx hacking and $ 58 million Radiant Capital Hack. Dolev said that the Ethereum Multisig Cold Wallet was damaged through a deal, so that the signer was unconsciously deceived to approve the logic of malicious smart contracts.
“BYBIT’s ETH Multisig Cold Wallet seems to have been compromised through a deal that is noticed to unconsciously approve the change of smart contract logic.”
This allowed the hacker to control the cold wallet and move all the ETH to an unknown address. ”Dolev told Cointelegraph.
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Lazarus Group is connected to the largest Crypto Heists.
The North Korean Lazarus Group is the main suspect of the most infamous hacking case, including $ 220 million hacking for Ronin network hacking and Wazirx Exchange.
According to the chain analysis data, in 2024, North Korean hackers stole more than $ 13.4 billion in 47 cases, and increased 102% from $ 660 million in 2023.
North Korea hacking activities. Source: chain analysis
This accounted for 61%of the stolen total encryption in 2024.
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On January 14, the United States, Japan, and South Korea announced a joint warning on January 14, warning that the threat of North Korean hackers aimed at the cryptocurrency industry.
According to the joint statement, North Korean hackers have been in charge of $ 35 million DMM Bitcoin hacking, $ 50 million Upbit hacking, $ 50 million Radiant Capital Hack and $ 16 million Rain Management Hack.
It was almost three weeks after the South Korean authorities sanctioned 15 North Korea, which were known to have created a fund for North Korea’s nuclear weapons development program through cryptocurrency and cyberstop.
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