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The Ethereum price has slumped 2.5% in the last 24 hours to trade at $2678 as of 11 p.m. EST on a 125% pump in trading volume to $32 billion. This plunge in the ETH price comes after Bybit, a Dubai-based crypto exchange, suffered a massive security breach, with hackers stealing over $1.4 billion in Ethereum in a swift, smash-and-grab-style attack on Friday. Crypto investigator ZachXBT linked the exploit to the North Korean Lazarus Group, a notorious cybercriminal syndicate responsible for several major crypto heists. Arkham confirmed that ZachXBT provided “definitive proof,” including test transactions, wallet connections, forensic graphs, and timing Analysis . He also identified similarities between this attack and the $30 million Phemex hack in January. JUST IN: Bybit CEO confirms the crypto exchange has been hacked, $1.4 billion $ETH and $stETH stolen. This is now the largest crypto exchange hack in history. pic.twitter.com/VCSZaqZ3if — Jacob King (@JacobKing...

It’s been a rough couple of days for many crypto traders. However, spare a thought for the North Korean hackers who were liquidated for almost $500,000 on decentralized finance (DeFi) protocol HyperLiquid over the weekend. While some would be happy to see some of the Lazarus Group’s ill-gotten gains go down the drain, others see the activity as a potentially worrying sign. DPRK's trading career is…uh….going….. tbh if i was the dude managing Hyperliquid's 4 validators (or those fucking ghetto ass binaries on gh) I would be shitting my pants right now. Hyperliquid dudes dont seem worried at all though so im sure its fine. 🫠 pic.twitter.com/JrrU7t1sJe — Tay (@tayvano_) December 22, 2024 Read more: DeFi app Delta Prime loses $6M after being warned of Lazarus mole MetaMask’s Taylor Monahan tracks Lazarus Group-linked addresses across the cryptosphere and flagged the activity on HyperLiquid via a post on X, noting that “ DPRK doesn’t ...

Hackers are now distributing a Python app posing as a crypto arbitrage bot via a direct message on a public Discord server. The infamous North Korean hack group Lazarus Group now targets macOS blockchain engineers on Discord with a novel malware . According to cybersecurity firm Elastic Security Labs, the hackers have started distributing a Python-based application pretending to be a crypto arbitrage bot via direct messages on Discord servers. The analysts say the so-called Kandykorn malware is being distributed by North Korea given the “techniques, network infrastructure, code-signing certificates, and custom Lazarus Group detection rules.” “The DPRK, via units like the LAZARUS GROUP, continues to target crypto-industry businesses with the goal of stealing cryptocurrency in order to circumvent international sanctions that hinder the growth of their economy and ambitions.” Elastic Security Labs You might also like: Lazarus Group: hackers from c...

A $40 Million Bitcoin Sell-off Awaiting, Warns FBI Over the past 24 hours, the FBI has been closely monitoring the movements of stolen cryptocurrency amounting to hundreds of millions of dollars. It is suspected that the DPRK, through its TraderTraitor-affiliated operatives, might make a move to liquidate their bitcoin holdings valued at an astonishing $40 million. advertisement The FBI’s extensive investigation has led to the discovery of about 1,580 bitcoin stolen from various cryptocurrency heists and currently held in multiple Bitcoin addresses. These assets are controlled by TraderTraitor-affiliated players, raising concerns about the potential consequences for the cryptocurrency market. Individuals associated with TraderTraitor and related to the DPRK have been responsible for many large international cryptocurrency thefts. On June 22, 2023, Alphapo was robbed of $60 million in virtual money; CoinsPaid was robbed of $37 million on the same day; and At...