THE LARGEST CRYPTO HACK EVER

Last Friday, ByBit, a popular crypto exchange, was hacked. The exchange's cold wallet was breached, and $1.5 billion was lost to the hackers. ZachXBT, a reputable on-chain investigator, tracked the funds, which were traced to the notorious Lazarus Group.

The Lazarus Group of North Korea is well-known for hacks and fraud. ByBit, however, adapted quickly to the situation. The founder, Ben Zhou, confirmed the hack and reassured everyone that it wouldn’t affect them. ByBit's ability to cover the loss was impressive, but the amount was staggering.

Right now, ByBit has announced a $140 million recovery bounty to help them recover the funds. Will they succeed?