The infamous Lazarus Group, linked to North Korea, continues to launder funds from the $1.5 billion ByBit exchange hack in February 2025, the largest crypto heist to date. Blockchain analysts report the group has moved funds through decentralized exchanges and over 50 wallets, exploiting gaps in security protocols. ByBit’s CEO, Ben Zhou, has launched a “Lazarus Bounty” program to track the stolen Ethereum, but experts warn that rising sophistication in hacks—fueled by AI and human error—could overwhelm the industry unless stricter regulations emerge.
