The Lazarus Group has gained notoriety for its involvement in high-profile hacks within the cryptocurrency industry. Following the 1.5 billion USD theft from Bybit, various exchanges, including OKX, implemented precautionary measures to safeguard against potential thefts amid increasing volatility.

The group’s actions have resulted in substantial losses within the crypto space, with the total valuation plummeting by over 570 billion USD. This has raised concerns about the security and legitimacy of cryptocurrency exchanges, heightening investor anxiety about the future.