In a moment that seemed to echo the eternal human struggle, Bybit’s esteemed CEO, the venerable Ben Zhou, proclaimed with a fervor that betrays the profound complexity of our existence, that every conceivable measure shall be undertaken to reclaim the misappropriated treasures of the digital realm. This includes an audacious bounty program for those altruistic souls who dare to assist in the return of the ill-gotten gains, an alliance with law enforcement, and a dialogue with the esteemed Ethereum Foundation to fathom the depths of possible resolutions.
During an enlightening session on the 22nd day of February, in the year of our Lord 2025, in X Spaces, a query pierced the veil of conversation: should one consider a rollback of the Ethereum blockchain to a time before the unfortunate events of the preceding day when the nefarious Lazarus Group struck? Thus, Zhou, with a contemplation befitting a philosopher, retorted:
“I find myself mired in uncertainty. Is it merely the prerogative of a single individual? Perhaps, resonating with the essence of blockchain’s democratic spirit, a collective decision ought to be summoned to ascertain the will of the community. But, alas, I remain perplexed.”
Recall, dear reader, the dark day of 2016 when the Ethereum blockchain endured a similar trial— a rollback arose from the ashes of the infamous DAO hack, a calamity resulting in the disappearance of approximately $60 million in ETH from The DAO’s coffers.
The aftermath of this escapade gave birth to a hard fork, bifurcating Ethereum into two: the remnant “Ethereum Classic” (ETC), forever holding the taint of the illicit transactions, and the noble proof-of-stake chain known today simply as Ethereum (ETH).
In a Twist of Fate, Lazarus Shuffles the Stolen Coins while Bybit Launches a Bounty 🍀💰
According to the astute sages of Lookonchain, the enigmatic Lazarus Group now boasts a horrendous hoard of approximately 489,395 ETH, valued at a staggering $1.3 billion, accompanied by a further 15,000 Mantle Restaked ETH (cmETH), artfully concealed across 54 wallets.
This shadowy collective, suspected of having ties to sovereign interests in North Korea, has been engaged in a strategic dance of shifting stolen funds across various wallets, all in a masterful attempt to obscure the origins of their spoils and launder the wealth through the opaque corridors of the blockchain.
On this fateful day of February 22, Bybit, in an act of noble endeavor, unveiled a 10% bounty program— a staggering offer potentially reaching up to $140 million—for the skilled white hat hackers who endeavor to reclaim the stolen cryptocurrency from the grasp of malevolent forces.
The soul of Bybit’s CEO radiated gratitude towards the virtuous individuals and enterprises of the industry, rallying in the wake of what may be remembered as the largest heist in the annals of cryptocurrency history.
Meanwhile, the authoritative figure of Tether, Paolo Ardoino, observed prudently that 181,000 USDt (USDT) were frozen posthaste following the heinous act, while Bitget’s Gracy Chen declared with adamant certainty that her exchange would intercept any transactions emerging from the wallets linked to the notorious Lazarus Group.
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2025-02-23 01:05