Crypto exchange Bybit has released a forensic review of a recent $1.5 billion hack, revealing that its systems were not infiltrated and the hack likely originated from compromised Safe wallet infrastructure. Bybit determined that a developer's credentials were compromised, allowing the Lazarus hacking group to gain unauthorized access to the Safe wallet. The hack would not have been possible if Bybit had not blindly signed the malicious transaction. Safe stated that its smart contracts were unaffected and external security researchers did not find any vulnerabilities in its code. On-chain data shows that the stolen funds are being laundered, with the Lazarus Group linked to hacks on Bybit, Phemex, and Poloniex.



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