The CEO of Cryptocurrency Exchange Bybit Ben Zhou said 27.95% of funds lost to $ 1.4 billion exploitation of the North Korean Lazarus team engineer has been dark or unreliable.
“Total -hacking of USD 1.4bn funds around 500k Eth. 68.57% remains monitored, 27.59% became dark, 3.84% frozen. Unclaimed funds were primarily flowing in mixers afterwards through bridges published in P2P and OTC platforms,” Zho said in a nutshell to X on Monday.
Unsbearing funds were transferred to mixers before transferring through bridges to P2P (peer-to-peer) and OTC (over-the-counter) platforms, the post explained, citing wasabi use, a crypto mixer, to wash a certain BTC value, following a portion of these funds that entered the other Mixers, including the plays, including the other funds that entered the other Mixers, including the plays, including the Funds that entered the other Mixers, including the Riles, including the Funds that entered the other Mixers, including the Riles, including the Found chapter and cryptoomixer.
The malicious creature then conducted many cross-chain swaps through Thorchain, Exch, Lombard, Lifi, Stargate and Sunswap, with the final stage involving converting these prohibited funds into more liquid properties.
North Korea associated with the Lazarus Group was hacked bybit in February, which drained 500,000 ether (ETHs) by obtaining “control of the specific ETH Cold wallet and transferring all ETH to the cold wallet in this anonymous address.”
Forensics announced that in hack funds, a total of 432,748 ETHs, which represent 84.45%, were moved from Ether to Bitcoin through the thorchain. Interestingly, 67.25% of these funds, worth 342,975 ETHs (around $ 960.33 million), were converted to 10,003 BTC and distributed in full 35,772 wallets with an average of 0.28 BTC per purse.
Further, 1.17% of funds, or 5,991 ETH (approximately $ 16.77 million), remain in the Ethereum blockchain, stuck across 12,490 purses.
Finally, the Lazarus Bounty Initiative received 5,443 Bounty reports in two months, of which, 70 were considered valid. Zhou said the exchange requires “more hunters that can decode mixers because we need a lot of help on the road.”
