In the shadowy realms of cyberspace, where the digital winds whisper secrets, North Korean hackers have woven a tapestry of deceit, controlling over 11,000 cryptocurrency wallets, each a vessel for laundering the spoils of their $1.4 billion heist, as revealed by the vigilant eyes of blockchain analytics firm Elliptic. 🌪️
On the fateful day of February 25, just four days post-exploit, the valiant co-founder and CEO of Bybit, Ben Zhou, boldly declared “war” on the infamous Lazarus Group, the North Korean hacking collective that looms like a specter over this saga. In a bid to reclaim what was lost, Bybit unfurled a blacklist wallet API, offering bounties as if they were golden apples in a treacherous garden. 🍏
Simultaneously, Elliptic, the digital sleuths, released a treasure trove of data—a freely accessible feed of wallet addresses linked to these nefarious hackers. This noble initiative seeks to arm the community against the specter of sanctions and the insidious tide of money laundering. ⚔️
“Addresses associated with the Bybit exploit were identified and available to screen within just 30 minutes of the announcement, protecting customers without the need for them to conduct repetitive manual checks,” Elliptic proclaimed, as if heralding a new dawn of digital vigilance. 🌅
Elliptic’s intelligence API, a modern oracle, flagged 11,084 crypto wallet addresses, each suspected of harboring links to the Bybit exploit. And as the investigations unfold, this list is destined to swell, like a tide rising with the moon. 🌕
In a moment of gratitude, Zhou acknowledged Elliptic’s support, exclaiming in an X post:
“Thx to the Elliptic team for putting up a real-time Bybit exploit data, really appreciate the effort and work put into helping us.”
On that same day, Bybit enlisted the expertise of Web3 security firm ZeroShadow, tasked with the noble quest of tracing and freezing the stolen Bybit funds, a digital knight in shining armor. 🛡️
According to the wise sages at Chainalysis, the Bybit attack commenced with a cunning phishing campaign, targeting the cold wallet signers, before intercepting a routine transfer from Bybit’s Ethereum cold wallet to a hot wallet, like a thief in the night. 🌙
Portions of the stolen Ether (ETH) were transformed into Bitcoin (BTC), Dai (DAI), and other cryptocurrencies, traversing the vast networks like a flock of birds escaping a storm. 🕊️
As the investigation marches on, Bybit has taken measures to ensure the stability of its platform. Despite the colossal breach, the exchange kept withdrawals open, securing external liquidity through loans, a lifeline in turbulent waters. 🌊
Bybit also began repaying the loans on February 25, starting with a generous transfer of 40,000 ETH back to Bidget, a gesture of goodwill amidst the chaos. 💸
Read More
- CRV PREDICTION. CRV cryptocurrency
- OM PREDICTION. OM cryptocurrency
- DF PREDICTION. DF cryptocurrency
- KSM PREDICTION. KSM cryptocurrency
- EUR JPY PREDICTION
- USD MXN PREDICTION
- Doctor Strange’s Shocking Return in Marvel’s Avengers: Doomsday Revealed!
- RLC PREDICTION. RLC cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- FIL PREDICTION. FIL cryptocurrency
2025-02-26 11:34