Lazarus Group Steals $1.4B from Bybit in Largest Crypto Hack Ever

North Korea's state-sponsored Lazarus Group orchestrated the largest cryptocurrency heist in history, stealing approximately $1.4 billion from Bybit. The sophisticated attack didn't involve traditional hacking of keys or passwords; instead, attackers exploited a vulnerability in Bybit's multi-signature Safe smart contract wallets. By subtly altering a single transaction parameter, they gained control without employees realizing the malicious intent. This highlights significant operational risks in the crypto industry, emphasizing the need for layered security and rapid incident response. Bybit is working to recover funds and collaborating with law enforcement and blockchain analytics firms.