tl;dr
Billionaire Mike Novogratz, CEO of Galaxy Digital, urges world leaders to take action against Lazarus, a North Korean hacker group responsible for the recent $1.4 billion Ethereum hack on Bybit. Some industry figures have suggested rolling back the Ethereum network, but Novogratz strongly opposes th...
Billionaire Mike Novogratz, CEO of Galaxy Digital, is urging world leaders to take action against Lazarus, a North Korean hacker group responsible for the recent $1.4 billion Ethereum hack on Bybit. Novogratz strongly opposes the proposal for an Ethereum network rollback, emphasizing that there should be no Ethereum fork and calls for government intervention to address the Lazarus threat. As of now, ETH is trading at $2,728.
Novogratz commends Bybit's handling of the hack and opposes the proposal for an Ethereum network rollback, highlighting Lazarus' history of crypto theft and the need for government intervention. He emphasizes the significance of the current situation compared to the 2015 Ethereum fork, calling for global leaders to address the threat posed by the North Korean hacker group.
Billionaire Mike Novogratz says world leaders should act to take down Lazarus, the notorious North Korean hacker group responsible for the recent Bybit hack, which is believed to be the biggest heist in human history. Novogratz, the CEO of crypto investment firm Galaxy Digital, says that Bybit did a world-class job of handling the hack, which ultimately resulted in $1.4 billion worth of Ethereum (ETH) being stolen from the exchange’s cold wallet. As of now, ETH is trading at $2,728.