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The Bybit Hack: How the $1.5B Windfall Could Fuel a Surge in Cybercrime

Mar 4, 2025 10:39:08 AM / by Blake Reyes posted in Lazarus Group, Cryptocurrency, Bybit

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The recent $1.5 billion hack of Bybit, allegedly orchestrated by the Lazarus Group, has sent shockwaves through the cryptocurrency industry. While this North Korean state-sponsored hacking group has a well-documented history of targeting crypto exchanges, the size of this breach sets a new precedent. Beyond the immediate financial impact, this incident raises serious concerns about how Lazarus will leverage these stolen funds in the future. From within the crypto space to their broader cybercriminal activities.

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