According to Lookonchain on Twitter, the hacker responsible for stealing $1.4 billion from Bybit and $69 million from Phemex has been identified as part of the Lazarus Group. The stolen funds were laundered by transferring ETH to wallet '0x33d0...8F65'. This highlights a significant security risk for cryptocurrency exchanges, potentially affecting trading strategies and trust in exchange platforms. Source: @zachxbt.

According to @lookonchain, the hackers who stole $1.4 billion from Bybit and $69 million from Phemex appear to be the same group. The funds were laundered by transferring ETH to the wallet '0x33d0...8F65'. @zachxbt reports that the perpetrators are linked to the Lazarus Group, indicating a sophisticated and coordinated attack strategy.

According to @EmberCN, Bybit hackers have used the Chainflip cross-chain swap tool to convert ETH into assets on other chains. After dispersing 5,000 ETH to multiple addresses 40 minutes ago, they have successfully laundered 205 ETH through Chainflip. Source: etherscan.io/address/0x60e4…