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April 21, 2025

North Korean Hackers Launder 84% of Stolen Bybit ETH into Bitcoin

The notorious Lazarus Group from North Korea has made headlines again after stealing $1.4 billion worth of Ethereum from Bybit. Recent reports indicate that 68.6% of these stolen funds are still traceable. They managed to launder the remaining amounts through mixers and swaps, showcasing their level of sophistication in evading detection. This serious breach raises significant concerns for the crypto community, especially regarding security and regulatory measures. As investigations progress, stakeholders are on high alert. Learning from such incidents remains crucial for ensuring the safety of digital assets. The implications for the market could be substantial as this case unfolds.

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