Fewer than seven days after hackers removed more than $1.4 billion in assets from Bybit, the cryptocurrency exchange’s co-founder and CEO has vowed to take action against those responsible. In a Feb.

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.

Crypto investigator ZachXBT linked the $1.44 billion hack of crypto exchange Bybit on Friday to the infamous Lazarus Group, which has been allegedly responsible for some of the top attacks on digital asset platforms.