Mike Novogratz, CEO of the crypto currency investment company Galaxy Digital CEO, made important statements after the last attack on the Bybit stock exchange. Novogratz, about $ 1.4 billion Ethereum $2,682.11stating that the stolen, the North Korean -connected Lazarus hacker group may be behind the incident. Novogratz stressed that international cooperation should be increased. While the Bybit attack was considered as a result of a comprehensive vulnerability, new measures in the sector fueled discussions that it should be taken.
Bybit’s intervention and Ethereum Rollback Discussions
Bybit quickly took action to minimize the effects of the attack. The platform has announced that it has taken steps to compensate for the damages of its users. However, some sector representatives raised the idea of reversing past transactions in the Ethereum network. It was argued that the beings stolen with such a move could be taken back.
However, the retrospection of the network has led to great controversy. The Ethereum network had passed a similar change with a hard fork after the DAO attack in the past. Novogratz stated that this method was logical at that time, but today, such a decision will not be appropriate, he said. Stating that Ethereum is now a more mature ecosystem, Novogratz said that the solution is through the increasing pressure of governments on North Korea.
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Lazarus Group and Security Concerns
The Lazarus group has been carrying out attacks on the crypto money market for many years. Group, Bitcoin 
$95,701.32 and many crypto money, especially Ethereum, caused great damage. Following the Bybit attack, more powerful security measures should be taken against such threats.
Novogratz said Lazarus targets not only Bybit, but also the crypto currency ecosystem in general. He emphasized that global coordination is needed to prevent such attacks. It is stated that the authorities increase the sanctions against North Korea and that the hacker groups may restrict the financial resources.
The Ethereum network and the crypto currency community are taking various steps in monitoring the movements of the attacked funds and the movements of Lazarus. However, cyber attack techniques are constantly developing and security experts emphasize that current defense methods should be updated.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
