On-Chain Analyst Links Bybit, Poloniex, Phemex, and BingX Hacks to the Same Entity

In Brief:

Blockchain investigator ZachXBT has linked the Bybit, Poloniex, Phemex, and BingX hacks to a single entity.

The connection was made through a merged address (0x15ec) used for laundering stolen funds.

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According to ZachXBT, today’s laundering activity from the Bybit hack also tied back to the Poloniex hack, confirming an on-chain link. This raises concerns over the scale and coordination of the attacks, suggesting that a single hacking group may be responsible for exploiting multiple exchanges.

The Lazarus Group, a North Korean state-sponsored hacker group, has been previously linked to high-profile exchange breaches. While attribution is still under investigation, crypto security firms and exchanges are actively tracking stolen assets to prevent further laundering.

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