North Korea is behind the massive crypto hack, according to several blockchain monitoring firms and a well-known researcher

The cryptocurrency industry and those responsible for securing it are still in shock following Friday’s heist, likely by North Korea, that drained $1.5 billion from Dubai-based exchange Bybit, making the theft by far the biggest ever in digital asset history.

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.