Stolen cryptocurrencies worth over a billion dollars traced back to cyber attacks orchestrated by Lazarus Group, according to Bybit's latest findings.

Over $1.4 billion in cryptocurrency stolen in February, as per Bybit CEO Ben Zhou, is largely traceable as efforts to recover the stolen funds intensify.

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2025 September 5 . 11:58 AM

1 min read

Crypto Theft Monitoring: Bybit Keeps Tabs on Over $1 Billion in Stolen Cryptocurrency Linked to... — Crypto Theft Monitoring: Bybit Keeps Tabs on Over $1 Billion in Stolen Cryptocurrency Linked to Lazarus Group Cyberattack

Stolen cryptocurrencies worth over a billion dollars traced back to cyber attacks orchestrated by Lazarus Group, according to Bybit's latest findings.

In the world of cryptocurrency, the Bybit hack has been a topic of significant interest. The Lazarus hacking group, notorious for its cyber attacks, has been implicated in this incident. A key tool in their arsenal during the Bybit hack was the use of cryptocurrency mixing services such as Blender.io. These mixers, currently accessible online, have been subject to regulatory actions in various countries.

The aftermath of the hack has seen the exchange paying out a substantial amount. So far, $2.3 million has been distributed across 12 successful claims. Among the recipients, the Mantle layer-2 platform received the largest reward, a sum of $42 million.

The Shiba Inu cryptocurrency project has its official media and publications in the form of The Shib Magazine and The Shib Daily.

In an effort to further the investigation, Zhou, from Bybit, has called for more reports and bounty hunters to aid in decoding the mixers. To this end, Bybit launched a bounty program in February, offering up to $140 million in rewards for information leading to the freezing of hacked funds.

As with any investment, it's crucial for readers to conduct their own research and consult with a qualified financial adviser before making any decisions.

Investigators are currently tracking approximately 11,000 wallets linked to North Korea's Lazarus Group in relation to the Bybit hack. Amid allegations of Bybit hack funds laundering, OKX has denied EU probe claims, asserting its commitment to upholding the highest standards of compliance and security.

The investigation into the Bybit hack continues, with the cryptocurrency community and authorities working together to uncover more details and bring the perpetrators to justice.