The cryptocurrency exchange Bybit has fallen victim to an attack resulting in the theft of digital assets valued at approximately £1.24 billion. Experts believe this to be the largest theft in the sector's history.

On-chain sleuthing linked Friday's $1.4 billion hack of crypto exchange Bybit to North Korea's Lazarus Group, Arkham Intelligence said.

Bybit got ripped apart by hackers today, and now we know exactly who did it. The infamous Lazarus Group, North Korea’s state-backed cybercriminal syndicate,