According to Cas Abbé, North Korean hacker group Lazarus has executed the largest crypto hack in history, stealing $1.46 billion worth of ETH from Bybit. The breach occurred during Bybit's regular weekly transactions to its warm wallet, drawing parallels to the previous WazirX hack. This development is critical for traders monitoring exchange security and potential impacts on Ethereum market liquidity.

According to Lookonchain, the hacker who attacked Bybit and stole $1.4 billion in assets received Ethereum from Binance for gas fees, highlighting potential vulnerabilities in exchange interactions and fund movements. This incident emphasizes the importance for traders to monitor exchange security protocols closely and verify the origins of transactions to prevent similar breaches.

According to ZachXBT, there is skepticism regarding the credibility and trustworthiness of individuals without formal law enforcement or security firm background in advising cryptocurrency exchanges on security matters. This raises concerns for traders about the reliability of security claims by such individuals, impacting trust levels in trading platforms (source: ZachXBT).