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North Korea Launders $138M from Historic Bybit Hack

3/2/2025

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Summary

Story summary

North Korea's Lazarus Group laundered 62,200 Ether, worth $138 million, from the Bybit hack.
The FBI has connected Lazarus Group to the $1.5 billion Bybit hack, the largest in cryptocurrency history.
Bybit is offering a $140 million bounty for assistance in recovering the stolen funds.
Analysts believe the hack could present buying opportunities for Ethereum, despite its recent price decline.

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Story summary

North Korea's Lazarus Group laundered 62,200 Ether, worth $138 million, from the Bybit hack.
The FBI has connected Lazarus Group to the $1.5 billion Bybit hack, the largest in cryptocurrency history.
Bybit is offering a $140 million bounty for assistance in recovering the stolen funds.
Analysts believe the hack could present buying opportunities for Ethereum, despite its recent price decline.