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.

On-chain sleuth ZachXBT has submitted to Arkham Intelligence’s bounty request to uncover Bybit’s hacker. ZachXBT claims an “organization” is possibly behind the $1.4 billion attack today, not a single entity as some had thought.