FBI Joins Manhunt for North Korea’s Lazarus Group as Laundering Effort Intensifies

• The FBI is now involved in the manhunt for North Korea’s Lazarus Group, responsible for the $1.5 billion Bybit hack.
• Hackers exploited a Safe wallet vulnerability and manipulated transactions to steal ETH.
• Over 100 Ethereum addresses linked to the group are being monitored, with Bybit freezing $40 million of the stolen funds.

The FBI has joined the search for North Korea’s Lazarus Group, the cybercriminal organization responsible for the Bybit hack that resulted in the theft of ETH valued at $1.5 billion. The attack is considered one of the largest crypto heists to date.

Investigations revealed that hackers compromised a Safe wallet belonging to a Bybit developer and injected malicious code into the exchange’s front end. This allowed them to manipulate transaction parameters and deceive signers into approving unauthorized transfers.

Laundering princess is ongoing, with 270,000 ETH worth $605 million laundered through THORChain.

Breach Origin and Attack Execution

Analysis by Verichains and Sygnia determined that the breach originated from Safe{Wallet}’s AWS infrastructure rather than Bybit’s internal systems. Bybit CEO Ben Zhou disclosed tha…

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