Ethereum News Daily Official TheBitTimes.com

Nearly a month after the $1.4 billion hack on Bybit, the majority of the stolen funds remain traceable. Even as the hackers have stepped up their efforts by using multiple crypto mixers to obscure their tracks, according to an executive summary released by the exchange’s CEO Ben Zhou. Blockchain investigations have confirmed that the infamous North Korean Lazarus Group is behind the cyber heist, which now stands as the largest single crypto exchange hack in history. 3.20.25 Executive Summary on Hacked Funds: Hacker started to use mixers: 1. Wasbi 2. CryptoMixer 3. Railgun 4. TornadoCash Total hacked funds of USD 1.4bn around 500k ETH. 88.87% remain traceable, 7.59% have gone dark, 3.54% have been frozen. Breakdown: – 86.29% (440,091 ETH,… — Ben Zhou (@benbybit) March 20, 2025 Breakdown of Bybit’s stolen funds On February 21, Bybit lost over $1.4 billion worth of digital assets, including liquid-staked Ether (stETH), Mantle Staked ETH (mETH), and ot...

SlowMist reveals a sophisticated APT attack by North Korea’s Lazarus Group targeting the cryptocurrency industry. Blockchain security firm SlowMist has recently revealed an alarming revelation: The infamous North Korean Lazarus Group is actively targeting the crypto currency industry through an advanced persistent threat (APT) attack . SlowMist Security Alert Recently, we and our partners discovered a large-scale APT attack directed by the North Korean #LazarusGroup against the crypto currency industry. The attack method is as follows: The attack er first disguises his identity, deceives the auditor… pic.twitter.com/XsM7F0bPcV — SlowMist (@SlowMist_Team) September 12, 2023 What are APT Attacks? An advanced persistent threat (APT) is a prolonged, target ed cyber attack where an intruder gains access to a network and remains undetected for an extended period. This kind of attack is generally state-sponsored or carried out by well-funded criminal organizations. What...