In a major breakthrough, blockchain intelligence firm Arkham has identified the wallets linked to the Bybit hackers, providing critical insights into the movement of stolen assets. Meanwhile, the broader stock market is experiencing a sharp downturn, with major stocks collectively losing $75 billion in value.
Arkham Traces Bybit Hackers’ Wallets
Following the record-breaking Bybit stock heist, Arkham analysts have successfully traced several digital wallets holding the stolen funds. The identified accounts are reportedly linked to the infamous Lazarus Group, a North Korea-backed hacking organization responsible for multiple high-profile cyberattacks.
Bybit and cybersecurity firms are now working with law enforcement agencies to monitor these wallets and recover the stolen assets. However, experts warn that the hackers may attempt to launder the stolen funds through decentralized exchanges and other unregulated financial channels.
Stock Market Sees $75B Wipeout
Amid ongoing security concerns and market volatility, stock values have plummeted across multiple sectors. Some key factors contributing to the downturn include:
- Investor Uncertainty – The recent Bybit hack has shaken market confidence, leading to panic selling.
- Regulatory Concerns – Authorities are tightening security regulations for trading platforms, creating additional pressure on the industry.
- Macroeconomic Factors – Rising inflation and global economic instability have further fueled the market decline.
Top Affected Stocks
Leading stocks have suffered significant losses, with major industry players experiencing sharp declines. Market analysts predict further volatility as investors reassess their risk strategies in light of recent events.
The discovery of Bybit hackers’ wallets marks an important step in recovering stolen funds, but the broader stock market remains under pressure. As authorities continue investigating the breach, traders and investors must remain vigilant in navigating the evolving financial landscape.
