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

A series of third-party forensic investigations into the recent Bybit exploit revealed that compromised SafeWallet credentials led to more than $1.4 billion worth of Ether (ETH) being stolen by North Korea’s Lazarus Group.

The crypto industry is reeling from the largest exchange hack in history, as Bybit, the world's second-largest crypto exchange by trading volume, su