Bybit Hack Escalates: Lazarus Launders Another 62,200 ETH in Bold Move
The Bybit hack, one of crypto’s biggest heists, saw Lazarus Group exploit a Safe{Wallet} vulnerability, draining $1.4 billion in Ethereum. The group’s laundering spree has been relentless, using complex tactics to obscure funds.
This move signals escalating audacity from Lazarus, testing blockchain security and law enforcement’s ability to curb crypto crime, especially as millions remain in play.
Will the FBI and exchanges halt the remaining $350 million, or will Lazarus cash out fully? The crypto world’s on edge.
The Bybit hack saga just took a wild turn—North Korea’s infamous Lazarus Group is back in action, laundering 62,200 ETH ($138 million) on March 1, 2025, according to blockchain analyst EmberCN. This latest haul from the February 21 heist, which saw $1.4 billion swiped from Bybit’s Ethereum cold wallet, pushes the total washed to a staggering 343,000 ETH—68.7% of the 499,000 stolen. With only 156,500 ETH ($350 million) left in their stash, the hackers are racing against the clock as the FBI ramps up efforts to freeze the funds.
This Bybit hack wave follows a brief lull after Lazarus laundered $605 million by February 28, per cryptonews.com, using THORChain and a maze of wallets to dodge trackers. The group’s latest ploy, reported by bitcoinethereumnews.com, underscores their relentless pace—splitting funds across thousands of addresses, converting ETH to Bitcoin and stablecoins like Dai, all while the FBI tags 51 linked wallets. X posts buzz with shock, some dubbing it a “crypto heist thriller” as U.S. authorities plead with exchanges to block the flow.
The Bybit hack began with a cunning Safe{Wallet} exploit, confirmed by Verichains, letting Lazarus siphon $1.4 billion in a flash. Bybit fought back, repaying loans like Bitget’s 40,000 ETH and launching a $140 million bounty, doling out $4 million already. Yet, with $350 million still unlaundered, the stakes soar—will this Bybit hack loot slip through, or can blockchain sleuths and law enforcement snag it? As Tron’s USDT dominance hits 98.5%, per CryptoQuant, the crypto world braces for the next twist in this high-stakes chase. https://x.com/Lutcheann