The Lazarus Group, associated with recent incidents in the crypto space, including the Bybit hack, is now also suspected of being linked to Solana memecoins and rug pull schemes.
Bybit Hack and Lazarus Group's Involvement
On February 21, Bybit lost assets worth $1.4 billion. The Lazarus Group is accused of the exploit, confirmed by data from Arkham Intelligence. According to investigator ZachXBT, the hackers also transferred part of the funds to Solana.
Suspicious Memecoins on Pump.fun
The Solana-based platform Pump.fun has become a hub for suspicious memecoins, some of which are linked to the Bybit hack. ZachXBT points out connections between memecoins and the mentioned group, corroborated by numerous anonymous transactions and internal contacts.
Decline in Solana Activity
User activity on Solana is noticeably declining. In February, the number of active addresses fell to a weekly average of 9.5 million, nearly 40% lower than in November 2024. Analysts note a significant cooldown of the blockchain.
Despite the issues with memecoins and the Lazarus Group, Solana's technology remains attractive. Some analysts suggest that current difficulties may contribute to the platform's future growth.
