Here’s what happened to the $1.4 billion stolen crypto from Bybit
Nearly a month after the $1.4 billion hack on Bybit, the majority of the stolen funds remain traceable. Even as the hackers have stepped up their efforts by using multiple crypto mixers to obscure their tracks, according to an executive summary released by the exchange’s CEO Ben Zhou. Blockchain investigations have confirmed that the infamous North Korean Lazarus Group is behind the cyber heist, which now stands as the largest single crypto exchange hack in history. 3.20.25 Executive Summary on Hacked Funds: Hacker started to use mixers: 1. Wasbi 2. CryptoMixer 3. Railgun 4. TornadoCash Total hacked funds of USD 1.4bn around 500k ETH. 88.87% remain traceable, 7.59% have gone dark, 3.54% have been frozen. Breakdown: – 86.29% (440,091 ETH,… — Ben Zhou (@benbybit) March 20, 2025 Breakdown of Bybit’s stolen funds On February 21, Bybit lost over $1.4 billion worth of digital assets, including liquid-staked Ether (stETH), Mantle Staked ETH (mETH), and ot...