A cyber attack was launched on the cryptocurrency exchange Bybit. It was determined that $1.5 billion worth of Ethereum was stolen in the attack. This incident was described as the largest cyber theft in crypto history. Ben Zhou, the CEO of Bybit, announced that a total of 401,000 Ethereum were seized in the initial findings. The stolen assets are estimated to be worth $1.5 billion. According to the statement from the exchange, the Ethereum cold wallet was attacked, and all assets in the wallet were sent to an unknown address. The statement noted that all other cold wallets were safe and that transactions were proceeding as usual. CRYPTOCURRENCIES FLUCTUATED Following the cyber attack, cryptocurrency prices fluctuated. Yesterday, Bitcoin, surpassing $99,000, dropped to $96,200 after the cyber attack news. BTC is trading around $96,300 today with a 0.2% increase. Ethereum, on the other hand, fell from around $2,850 to $2,600. WHO IS BEHIND THE ATTACK? Blockchain analysis company Arkham Intelligence claimed that the North Korean Lazarus Group was behind the attack on Bybit. Arkham announced that it would reward individuals who could identify the attack with approximately $30,000 worth of 50,000 ARKM tokens. ZachXBT, known as a chain-top detective on social media, alleged that there were solid evidence pointing towards the North Korean hacker group being behind the attack. LAZARUS’ DARK PAST North Korean cyber attackers were found to have connections to the $50 million Radiant attack in October 2024 and the $230 million WazirX attack in July. It was also revealed that Lazarus was responsible for the $625 million Axie Infinity attack in 2022.