North Korea’s Lazarus hackers behind $1.4 billion crypto theft from Bybit, researchers say

Researchers attribute the record $1.4B+ theft from Bybit to North Korea’s Lazarus Group; attackers siphoned 401,000 ETH during a cold-to-hot wallet transfer, rapidly swapped tokens to native Ether to avoid freezes, and are actively laundering funds through DEXs, cross-chain bridges and a non‑KYC exchange. Bybit has pursued freezes, secured loans to cover withdrawals, recovered some funds with partners, and offered a bounty for recovery while analysis continues.