by: xpoolPosted on:

Lazarus Group Steals $1.5 Billion from Bybit in Sophisticated Social Engineering Scam

A sophisticated scam orchestrated by the North Korean-backed Lazarus Group has resulted in a staggering $1.5 billion cryptocurrency theft from Bybit, highlighting vulnerabilities in the crypto security landscape. The group used fake Zoom calls to target and manipulate executives at the exchange on February 21, 2025, before successfully draining funds. This incident shines a light on the urgent need for improved digital asset security measures across the industry.

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