The cryptocurrency world has been rocked by yet another cyber attack, this time targeting the popular exchange platform Bybit and its SafeWallet developer. The attack, which occurred in February 2020, was confirmed to be the work of North Korea’s notorious hacking group, Lazarus Group.

Bybit, a leading cryptocurrency exchange platform, and its SafeWallet developer were the latest victims of the Lazarus Group’s malicious activities. The attack, which took place in February 2020, was confirmed by both Bybit and the SafeWallet developer.

The attack was carried out by the infamous North Korean hacking group, Lazarus Group, known for its sophisticated cyber attacks on various industries, including the cryptocurrency market. The group has been linked to numerous high-profile attacks, including the 2014 Sony Pictures hack and the 2017 WannaCry ransomware attack.

According to reports, the attack on Bybit and SafeWallet was a targeted phishing campaign, where the hackers sent out fake emails to users, tricking them into revealing their login credentials. This allowed the hackers to gain access to users’ accounts and steal their funds.

Bybit and the SafeWallet developer have since taken necessary measures to secure their systems and protect their users’ funds. They have also urged their users to enable two-factor authentication and be cautious of any suspicious emails or messages.

This attack serves as a reminder of the constant threat posed by cybercriminals in the cryptocurrency world. As the market continues to grow and attract more investors, it becomes a lucrative target for hackers. It is crucial for users to remain vigilant and take necessary precautions to protect their assets.

In conclusion, the recent attack on Bybit and SafeWallet by the Lazarus Group highlights the need for increased security measures in the cryptocurrency industry. It is a wake-up call for both exchanges and users to prioritize cybersecurity and stay one step ahead of potential threats. Let this be a lesson to all, that in the ever-evolving world of cryptocurrency, staying safe and secure is of utmost importance.