In an unprecedented cyberattack, North Korean hackers associated with the notorious Lazarus group have stolen $1.5 billion from the cryptocurrency exchange Bybit, marking the largest digital heist in history. The incident has sparked a collaborative effort within the crypto community, as Bybit has announced bounties totaling $140 million to trace and freeze the stolen assets. While cybersecurity experts attribute the breach to a compromised developer machine of the Safe{Wallet} software, concerns about vulnerabilities in the cryptocurrency space have intensified following this significant hack. As volatility in the market ensues, with Bitcoin and Ether prices dropping sharply, the incident raises critical questions about security protocols and the ongoing threat posed by state-sponsored cybercriminals.