U.S. and European law enforcement agencies have seized the infrastructure of Garantex, a cryptocurrency exchange accused of laundering billions in criminal proceeds, in a sweeping international operation that signals heightened focus on illicit financial flows in cryptocurrency markets. According to Justice Department documents unsealed Friday, the Moscow-based exchange processed approximately $96 billion in cryptocurrency transactions…
Category: Lazarus Group
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FBI says North Korea ‘responsible’ for $1.4 billion Bybit heist
The U.S. government law enforcement agency said a North Korean government hacking group it calls TraderTraitor was behind the massive hack of Bybit. © 2024 TechCrunch. All rights reserved. For personal use only.
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Hacked crypto exchange Bybit offers $140 million bounty to trace stolen funds
Bybit has already paid more than $4 million to bounty hunters who helped trace and freeze some of the stolen funds. © 2024 TechCrunch. All rights reserved. For personal use only.
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Crypto analysts stunned by Lazarus Group’s capabilities in $1.46B Bybit theft
Last week’s $1.46 billion Ethereum theft by North Korean-linked Lazarus Group has sent shockwaves through the cybercrime ecosystem, as it has not only joined the ranks of the largest known financial thefts in history but also demonstrated that the group’s skillset is presenting new challenges for defenders. In the wake of the theft, numerous experts…
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North Korea’s Lazarus Group Hacks Bybit, Steals $1.5 Billion in Crypto
North Korea’s notorious Lazarus Group reportedly stole $1.5 billion in cryptocurrency from the Bybit exchange in what is being called the largest hack in the controversial market’s history. It came the same day Coinbase executives said the SEC was dropping its investigation of their company. The post North Korea’s Lazarus Group Hacks Bybit, Steals $1.5…