Bybit Hack: 77% of Stolen Funds Still Traceable
- Over 77% of stolen funds from Bybit hack remain traceable.
- Approximately 417,348 ETH, valued at $1 billion, are traceable on the blockchain.
- 20% of the funds, around 79,655 ETH or $200 million, have become untraceable.
- Hackers converted 83% of stolen ETH into BTC across 6,954 wallets.
- The Lazarus Group targeted Bybit by compromising a developer’s device.
The Bybit crypto exchange experienced a significant hack with over $1.4 billion in assets affected. Despite this breach, more than three-quarters of the stolen funds remain traceable on the blockchain. However, efforts to recover these assets continue as hackers have managed to obscure some funds through various methods.
Source (2.6)https://www.coindesk.com/markets/2025/03/04/bybit-says-77-of-stolen-funds-from-record-usd1-4b-hack-still-traceable?rand=52298
