Bybit CEO: $1.4B Hack Funds Traceable

Bybit Hack: Majority of Stolen Funds Still Traceable

• The Bybit hack resulted in the theft of approximately $1.4 billion, or around 500,000 ETH.
• 68.57% of the stolen funds remain traceable, while 27.59% have “gone dark.”
• North Korea’s Lazarus Group has been linked to the hack by the FBI.
• 3.84% of the stolen funds have been frozen with assistance from exchanges.
• Lazarus Group used coin mixers and cross-chain platforms to obscure fund trails.

The Bybit hack, attributed to North Korea’s Lazarus Group, saw $1.4 billion in crypto stolen, with over two-thirds still traceable despite efforts to obscure the trail using mixing services and cross-chain platforms.