The FBI has urged crypto exchanges, blockchain service providers, and node operators to block transactions linked to addresses associated with the $1.4 billion Bybit hack. The agency identified the attackers as North Korea’s Lazarus Group, also known as TraderTraitor, and warned that they have already started laundering the stolen assets. The group has dispersed funds across thousands of addresses and converted portions into Bitcoin and stablecoins.
A recent FBI public service announcement called on crypto firms, including decentralized finance platforms and blockchain analytics companies, to take action in preventing further laundering of the stolen funds. The agency provided a list of 51 Ethereum addresses associated with the hackers and warned that the stolen assets would likely be funneled through multiple chains before being converted to fiat currency.
According to reports, the hackers have already laundered over 135,000 Ether, with another 363,900 Ether, valued at approximately $825 million, remaining untouched. Blockchain forensic firms revealed that the stolen funds were moved through decentralized exchanges and instant swap services without Know Your Customer (KYC) measures.
Authorities have asked industry participants to closely monitor suspicious transactions and report any relevant information to the FBI’s Internet Crime Complaint Center. The Lazarus Group has a long history of cyberattacks targeting the crypto sector, and this latest case underscores the ongoing security challenges facing digital assets.
