Bybit's CEO Ben Zhou Says Nearly 28% Funds From $1.4B Hack Have Gone Dark

Bybit Theft Update: CEO Confirms Significant Portion Of Stolen $1.4 Billion Is Now Untraceable - Overpasses For America

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en españo…

Bybit's CEO Ben Zhou Says Nearly 28% Funds From $1.4B Hack Have Gone Dark

The untraceable funds primarily flowed into mixers then through bridges to P2P and OTC platforms, Zhou said.

27% of Bybit Hacked Funds Have ‘Gone Dark’ After Flowing Through Mixers and Bridges, According to CEO Ben Zhou - The Daily Hodl

More than 27% of the roughly $1.4 billion worth of crypto stolen from Bybit earlier this year has “gone dark,” according to the digital asset exchange’s chief executive. Ben Zhao notes in a new update on the social media platform X that 68.57% of the hacked funds remain traceable and 3.84% have been frozen. Hackers looted Bybit in February for nearly $1.5 billion worth of Ethereum (ETH) and Lido Staked Ether (stETH), representing the largest cry…

CEO Bybit: Part of the stolen funds cannot be tracked anymore - World Stock Market

BYBIT General Ben Zhou said that about 28% of the $ 1.4 billion stolen as a result of a hacker attack on the exchange in March is now impossible to track, since the funds were converted to Bitcoin via Thorchain. Ben Zhou published on the social network X updated investigation results, according to which about $ 960 million (69%) stolen funds remain tracking, and another $ 42 million (4%) were frozen due to the joint efforts of Tether, Binance an…

Bybit Hack Update: Hackers Use Crypto Mixers to Launder Stolen Funds

Bybit CEO Ben Zhou revealed that 68.57% stolen funds are still traceable in the latest update.  Hackers used mixers such as Wasabi, CryptoMixer, Tornado Cash, and Raigun to make funds disappear.  The Bybit hack is the largest and most advanced hack in the history of crypto. The exchange didn’t affect its operations and covered the ETH deficit within a couple of days. However, the Bybit CEO and bounty hunter team are working relentlessly to trace…

A publication on social network X, Zhoy has indicated that 68.6% of the stolen funds are still "traceable", while 27.6% have "disappeared" and the remaining 3.8% have been "frozen." That the funds are traceable means that they can still be followed publicly in the blockchain. Thus, even though the assets have been moved, it is known to which wallets have gone and what transactions have been made, so they are not lost or washed at all, and are th…