Bybit CEO Ben Zhou Updates on $1.4B Hack: 68.57% Traceable, 27.59% Dark, 500,000 ETH Moved via Wasabi Mixer

Bybit CEO Ben Zhou provided an update on the $1.4 billion cryptocurrency hack attributed to North Korean hackers. Of the total stolen funds, approximately 68.57% remain traceable, while 27.59% have gone dark, and 3.84% have been frozen. The stolen assets, totaling around 500,000 Ethereum (ETH), were primarily moved through mixers and then transferred via bridges to peer-to-peer (P2P) and over-the-counter (OTC) platforms. The mixer Wasabi, reportedly used by the Democratic People’s Republic of Korea (DPRK), has been identified as a key tool in laundering some of the stolen Bitcoin (BTC). About 432,748 ETH, equivalent to $1.21 billion, has been moved from the exchange. This update highlights ongoing challenges in tracking and recovering stolen cryptocurrency funds in complex laundering operations. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant