North Korean Lazarus Group Blamed for $1.5B Bybit Heist, Iran Link Unsubstantiated

Investigators have linked North Korea's Lazarus Group to the $1.5 billion Bybit hack that occurred in February 2025. The theft involved 401,000 ETH and 90,375 stETH from the exchange's cold wallet.

While the FBI confirms the Lazarus Group's TraderTraitor subgroup was behind the breach, reports of Iranian involvement remain unverified. This incident underscores mounting cybersecurity threats in the crypto industry.