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⌐◪-◪ → The biggest crypto hack in history just happened. $1.5B gone.

Bybit, one of the largest exchanges, just got drained for $1.5B in ETH—marking the biggest hack in crypto history. And the top suspect? North Korea’s Lazarus Group.

It started with a routine transfer. Bybit was moving ETH from cold storage to a warm wallet, but hackers intercepted the transaction and drained $1.5B. Panic ensued—350,000 users rushed to withdraw funds, causing major delays.

Fortunately, Bybit acted fast, leading a coordinated effort to freeze $42.9M in stolen funds, with Tether and Circle locking down over $40M. They also restored 1:1 backing by buying back ETH.

Investigators traced the funds, linking the attack to Lazarus Group’s top hacker, Park Jin—the same guy behind:

• The 2014 Sony Pictures hack

• The $81M Bangladesh Central Bank Heist

The hack used a "musking" attack, tricking Safe’s UI to manipulate multisig transactions. Meanwhile, ZachXBT is linking Bybit’s hack to Solana memecoin scams—showing stolen ETH being laundered through pump.fun. Zach has already flagged 920+ addresses connected to the ByBit hack.

The hunt isn’t over. More funds will be tracked and frozen. Crypto’s security arms race continues.

⌐◪-◪ → Another day, another crypto heist.

Stablecoin bank 0xinfini just got hacked for $49.5M USDC.

The hacker immediately swapped the stolen funds for DAI, then bought 17,696 ETH. Classic obfuscation move.

The story is still unfolding, but 0xinfini claims they’ve identified critical information about the exploit and are actively monitoring hacker wallets. In the meantime, check out this thread for a full summary of what we know so far.

A stark reminder of our favorite saying — not your keys, not your crypto.

⌐◪-◪ → OX.FUN is in deep trouble.

OX.FUN, a crypto exchange backed by Su Zhu (3AC co-founder), is facing insolvency rumors after users—including NFT collective JefeDAO—reported they couldn’t withdraw funds.

JefeDAO deposited $1M USDC and now claims OX.FUN is holding it hostage, demanding social media promotion in exchange for releasing funds. Blackmail accusations are flying.

Meanwhile, OX.FUN is denying everything, saying JefeDAO violated their trading rules by attempting an oracle attack.

But Twitter’s community notes already debunked their claims—showing OX.FUN is clearly holding onto JefeDAO’s money. Not a good look for a platform run by the same guys behind 3AC’s $18B collapse.

Su Zhu and Kyle Davies have now blown up for the fourth time since 2022.

At this point, if you have funds on OX.FUN, pull them immediately

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