Crypto Heist Leaves Security Question Marks Hanging

A recent cyberattack on Bybit, resulting in a staggering $1.5 billion in Ethereum and Lido Staked Ether theft, has exposed the challenges of cryptocurrency traceability. CEO Ben Zhao revealed that 27% of stolen funds remain completely untraceable, casting doubt on the security of crypto investments. The attack is believed to have been carried out by the Lazarus Group from North Korea, and their tactics involved intricate techniques such as mixing systems and cross-chain bridges.