June 10, 2025

Bybit CEO Ben Zhou Provides Update on Hacked Funds and Recovery Efforts

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Ben Zhou, co-founder and CEO of Bybit, has released an executive summary detailing the status of hacked funds totaling approximately $1.4 billion, or around 500,000 ETH. According to Zhou, 68.57% of these funds remain traceable, while 27.59% have gone dark, and 3.84% have been frozen. The untraceable funds primarily flowed into mixers before being transferred

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Source: Bitcoin.com

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