Bybit has already paid more than $4 million to bounty hunters who helped trace and freeze some of the stolen funds.

The Lazarus Group, a cybercrime syndicate linked to North Korea, has long been a thorn in the side of the crypto industry.

Crypto prices are crashing again, with Bitcoin now trading below $84,000 and Ethereum hitting a five-month low price.

Bybit’s hack has destabilized markets even further, the Solana price struggles below $160 despite surging transaction volumes ...