Blockchain analysis firm Chainalysis detailed how hackers stole $1.46 billion from cryptocurrency exchange Bybit and shed light on the laundering tactics used by North Korea’s Lazarus Group. On Feb. 21,

Researchers spot the stolen funds moving through cryptocurrency wallets that were used in earlier heists attributed to North Korea's Lazarus hacking group.

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.