Hacked cryptocurrency exchange Bybit has declared a “war against Lazarus” and launched a new website tracking the group’s wallet addresses, hoping to crowdsource the investigative efforts. In return for submissions that lead to frozen funds, the exchange is offering 5% of what gets frozen.

Up to $140M in bounty rewards for return of Ethereum allegedly pilfered by hermit nation Cryptocurrency exchange Bybit, just days after suspected North Korean operatives stole $1.5 billion in Ethereum from it,

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.

In the early hours of February 21, 2025, the cryptocurrency world was thrust into chaos. A staggering $1.5 billion in digital assets vanished from Bybit, a Dubai-based cryptocurrency exchange, in what is now the largest crypto heist in history.

North Korea's Lazarus Group is credited with hacking the Bybit crypto exchange on February 21, 2025, and stealing a massive $1.4 billion. According to blockchain security firm Elliptic, the stolen funds are likely being laundered through various methods to obscure the transaction trail.