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Bybit Restores Reserves After $1.5B Lazarus Hack

2/25/2025

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Summary

Bybit Restores Reserves

Bybit has successfully restored its reserves to a 1:1 ratio following a historic $1.5 billion hack.
The breach happened during a routine transfer from a cold to a warm wallet, which hackers exploited.
The Lazarus Group, associated with North Korea, is identified as the attacker, moving over $195 million in stolen assets.
Bybit is offering a 10% bounty for the return of stolen funds, though recovery prospects are minimal.

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The $1.5 billion Bybit hack has triggered laundering attempts through Solana's Pump.fun token launchpad.
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Bybit Restores Reserves

Bybit has successfully restored its reserves to a 1:1 ratio following a historic $1.5 billion hack.
The breach happened during a routine transfer from a cold to a warm wallet, which hackers exploited.
The Lazarus Group, associated with North Korea, is identified as the attacker, moving over $195 million in stolen assets.
Bybit is offering a 10% bounty for the return of stolen funds, though recovery prospects are minimal.

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