The Bybit cryptocurrency exchange hack, attributed to North Korea's Lazarus Group, resulted in approximately $1.4 billion in stolen assets. CertiK's Chief Business Officer, Jason Jiang, provided insights into the hack's execution and implications for the industry, emphasizing the importance of cybersecurity measures. In a post-mortem, Bybit's CEO revealed that about 86.29% of the stolen 500,000 ETH, equivalent to roughly $1.23 billion, was converted into Bitcoin and distributed across over 9,100 wallets. Despite the scale of the theft, reports indicate that 89% of the stolen funds remain traceable. The hack has raised concerns about the vulnerability of cryptocurrency exchanges and the need for enhanced security protocols.