Lazarus Group’s 2024 pause was repositioning for $1.4B Bybit hack

Quick Summary:

Source: ChainalysisThroughout 2024, North Korean hackers stole over $1.34 billion worth of digital assets across 47 incidents, a 102% increase from the $660 million stolen in 2023, according to Chainalysis data.

The crypto industry was rocked by the enormous hack on Feb.21 when Bybit lost over $1.4 billion to the infamous North Korean Lazarus Group, which seems to have prepared the attack months in advance.

According to blockchain analytics firm Chainalysis, illicit activity tied to North Korean cyber actors sharply declined after July 1, 2024, despite a surge in attacks earlier that year.

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Article Details

Author / Journalist: Cointelegraph by Zoltan Vardai

Category: Crypto

Markets: United StatesNorth KoreaMaliUkraine

Topics: North 2024 According Been Korean Blockchain Bybit Hack Crypto Lazarus Stolen

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-28 @ 10:49:37 (4 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27382906

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