Ethereum

Galaxy’s Mike Novogratz Shuts Down Calls for Ethereum Hard Fork, Asks World Leaders To Go After Lazarus Group

Published

9 months ago

February 24, 2025

Billionaire Mike Novogratz says world leaders need to act to carry Lazarus down, the infamous North Korean Hackergroep that’s chargeable for the current Bybit -Hack, which is taken into account the best theft in human historical past.

Novogratz, the CEO of Crypto Funding Agency Galaxy Digital, out That Bybit did a world -class job to deal with the hack, which finally resulted in $ 1.4 billion in Ethereum (ETH) that was stolen from the chilly pockets of the inventory trade.

After the hack, some outstanding figures within the business introduced the concept to roll again the Ethereum community.

Blockchain -return transactions which have already been confirmed to revive the chain to a specified earlier standing and normally carried out after a community undergoes a significant infringement of safety. Within the case of ETH, a return will result in a tough fork that’s similar to what occurred 9 years in the past throughout the Ethereum Dao -Hack when thieves had been 3.6 million Ether empty.

Novogratz Sterk reject The concept.

“This can be a false story. Lazarus has been engaged on it for years. They’ve stolen BTC, ETH and plenty of different cryptos.

There can be no ETH fork and needs to be. BYBIT will sadly take a success till their funds are discovered if our governments as soon as press on NK (North Korea). The group will freeze the accounts and we’ll proceed.

The 2015 fork was at a really, very completely different time for the ecosystem. It was nonetheless a child who took his first steps and stabilized it was very logical. Not true now. “

The Galaxy Govt additionally calls on world leaders to deal with the specter of the Noord -Korean Hackergroep.

READ MVRV Price Ranges Suggest Ethereum Cycle Peak Still Ahead – Analyst Sets $7,000 Target

“It’s time that world leaders do one thing about Lazarus.”

On the time of writing, ETH acts at $ 2,728.

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