Lazarus Group’s 2024 pause was repositioning for $1.4B Bybit hack

North Korea’s pause in cyberattacks during late 2024 may have been a resource reallocation ahead of the largest cryptocurrency hack in history.

North Korea-affiliated hackers may have scaled back their operations in the second half of 2024 while preparing for what became the largest crypto hack in history.

The crypto industry was rocked by the enormous hack on Feb. 21 when Bybit lost over $1.4 billion to the infamous North Korean Lazarus Group, which seems to have prepared the attack months in advance.

According to blockchain analytics firm Chainalysis, illicit activity tied to North Korean cyber actors sharply declined after July 1, 2024, despite a surge in attacks earlier that year.

Read more