Investigation revealed that BingX, & Phemex hacks were also connected to the same cluster as Bybit's, confirming the threat actor’s identity as the Lazarus group.

North Korean cybercrime organization, the Lazarus Group, is suspected to be behind both the $1.4 billion Bybit hack and the $29 million Phemex hack, according to the latest onchain evidence. The Feb.

North Korean hackers have begun laundering $140 million of the $1.46 billion stolen from Bybit through anonymous exchanges