Unveiling the Lazarus Group’s $1.46 Billion Heist from Bybit
The Lazarus Group: A Brief Overview The Lazarus Group is a notorious hacking collective, often linked to North Korea, known for its audacious cyber-attacks against financial institutions. With a reputation for exploiting vulnerabilities, this group has now shifted tactics, demonstrating a troubling ability to deceive human operatives within organizations. Their latest alleged heist involves the cryptocurrency exchange Bybit, where they are accused of stealing approximately $1.46 billion. How the Bybit Hack Was Executed The attack on Bybit occurred on February 21, 2025, targeting the company’s Ethereum multisig cold wallet. This secure storage method uses multiple signatures for transaction approvals, thereby ensuring safety against unauthorized…