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What Damage Has Lazarus Group Caused to the Crypto Industry?
With the spread of digital assets, North Korean hackers have turned their attention to this segment of finance. In 2017 and 2018 alone, they hacked 14 crypto exchanges and exchangers, stealing a total of $882 million in assets. At the same time, Lazarus Group learned to attack not only entire platforms, but also individual users .
Finally, on February 21, 2025, the largest hack in the history of the crypto industry to date occurred, targeting the Bybit exchange. Hackers gained access to one of the platform's cold wallets, from which they withdrew Ethereum worth ~$1.4 billion. Soon, on-chain analyst ZachXBT " provided irrefutable evidence " of Lazarus Group's involvement in the incident. 0 reply
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