Bybit Declares ‘War on Lazarus’ as it Crowdsources Effort to Freeze Stolen Funds
The exchange is offering a 5% bounty for submissions that could lead to stolen funds being frozen.
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Lazarus Group
The exchange is offering a 5% bounty for submissions that could lead to stolen funds being frozen.
Indian cryptocurrency exchange WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges “are going to be crucial,” as it remains open to “everything that is possible to help solve this situation.”
The crypto was stolen by Lazarus hackers from three crypto companies in June and July last year.
More than $473 million worth of cryptocurrency has been lost to hacks and rug pulls in 2024, according to a report by security researcher Immunefi
Notorious North Korean hackers Lazarus Group has returned to sanctioned coin mixing service Tornado Cash to launder $12 million worth of ether {{ETH}}.
National security officials with the U.S., South Korean and Japanese governments discussed North Korea’s crypto thefts and other efforts to work on its nuclear and ballistic missile programs, the White House announced Friday night.
The North Korean hacker group stole the funds over the last six years, which was likely used to fund the country’s projects, the report said.
The Lazarus Group has been targeting crypto companies for years now.