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

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.

Bybit CEO: Two-Thirds of Funds From $1.4B Lazarus Group Hack Still Traceable

With 28% of the hacked funds having “gone dark,” the exchange has called for more help decoding mixer transactions.

North Korean Hackers Converted 84% of Stolen Bybit ETH to Bitcoin

TLDR $1.4 billion was stolen from Bybit in February by North Korea’s Lazarus Group 68.6% of stolen funds remain traceable, 27.6% have “gone dark,” and 3.8% have been frozen Hackers used Wasabi mixer and converted 84% of stolen ETH to Bitcoin via THORChain Stolen funds were distributed across thousands of wallets through multiple cross-chain swaps Bybit has paid $2.3 million in bounties to 12 hunters tracking stolen funds Bybit CEO Ben Zhou reve…

Only 3.84% Of $1.4B In Hacked Crypto Frozen: ByBit CEO

Crypto exchange ByBit has disclosed that scarcely one‑twentieth of the assets siphoned off in the sprawling $1.4 billion exploit orchestrated by North Korea’s Lazarus Group are currently locked down. “Only 3.84 percent of the hacked funds are frozen,” chief executive officer (CEO) Ben Zhou revealed via X, warning that the remainder “continues to circulate in an ever‑thickening web of mixers, cross‑chain swaps and over‑the‑counter desks.” Frozen …

Nearly 28% of crypto stolen in $1.4B Bybit hack have “gone dark”

Bybit’s CEO has called for more bounty hunters to help trace stolen crypto, as nearly 28% of the $1.4 billion looted by North Korea’s Lazarus Group remains unaccounted for.While detailing the summary on hacked funds in an April 21 X post, co-founder and CEO Ben Zhou said that about $386 million worth of the hacked funds has “gone dark” after being funneled through mixers and bridges towards several peer-to-peer and over-the-counter platforms.Ben…

Bybit CEO Says Over $390M Of Stolen $1.4B In Lazarus Hack Now Untraceable - 99Bitcoins

Bybit CEO Ben Zhou revealed that nearly 28% of the $1.4 billion stolen in the February 2025 hack linked to North Korea’s Lazarus Group has become untraceable. In a summary shared on X on Monday, 21 April 2025, Zhou detailed how the attackers successfully obfuscated over $390 million worth of crypto using a complex chain of mixers, cross-chain bridges, and OTC platforms. Zhou said that of the total 500,000 ETH stolen, around 68.57% remains tracea…