More than 77% of funds stolen in a record hack in Crypto Exchange Bybit will remain traceable, while 20% is “lost dark” and unreliable, CEO Ben Zhou said to an update on x Early Tuesday.
“This and the coming week are critical for freezing the funds as funds will begin to be cleared of exchanges, OTCs and P2P,” Zhou said, referring to the efforts of hackers laundering the money and converting it to cash.
Some 417,348 ether (ETHs), which cost approximately $ 1 billion remains traceable to the blockchain after being transferred using privacy dedicated. Another 20% of the funds, approximately 79,655 ETH or $ 200 million, is “lost dark” by exch.
A smaller portion, 40,233 ETH or $ 100 million, passed the OKX’s web3 proxy, but 23,553 ETH, worth $ 65 million, remains unreliable.
Zhou said hackers convert 83% of the stolen ETH – 361,255 ETH; Or $ 900 million – in BTC, it is distributed throughout the 6,954 dompets, with an average of 1.71 BTC per purse using thorchain.
The Thorchain processes $ 4.66 billion in SWAP on the week ending on March 2, the highest tally recorded, according to Data Source Defillama – making it more than $ 5.5 million in fees from forbidden flow.
North Korean hacking group Lazarus targeted Bybit in late February by injection of malicious code in SafeWallet, a third-party wallet platform used by the exchange, to steal billions of customer properties from the exchange.
Attacks compromised the device of a developer, allowing them to manipulate a routine moving purse and stop at about $ 1.5 billion in ETH.
Bybit Fully Back to a 1: 1 Back of client assets day after attack, as CoinDesk had previously reported. The address activity suggests more than $ 400 million purchased by over-the-counter trading, with another $ 300 million brought directly from the exchanges.
