Bybit Hack Latest News: CEO Says 77% of Stolen Funds Still Traceable

After $1.5B Bybit heist, North Korean hackers race to cash out the spoils

North Korea stunned the cryptocurrency industry with its record $1.46 billion heist from Dubai-based exchange Bybit in late February — and in the process set off a frantic race to recover the proceeds before its cybercriminals can cash out. The DPRK’s Lazarus Group acted quickly to convert its massive haul and transferred stolen tokens to […]

They were able to steal Ethereum at a record value of around 1.5 billion dollars from the Bybit crypto exchange. Now the next task for the alleged North Korean perpetrators is to approach the loot and then secure it.

Hackers launder most of Bybit's stolen crypto worth $1.4 billion

Experts note that this is just the first step for the alleged North Korean hackers to profit from the historic heist.

How North Korea cracked Bybit's crypto safe to steal $1.5 billion in a record heist

North Korean hackers laid in wait for “probably many months." Here is a step by step guide to how they pulled off the robbery.

Bybit Hack Latest News: CEO Says 77% of Stolen Funds Still Traceable

Over 77% of the funds stolen in a record hack on crypto exchange Bybit remain traceable, while 20% have "gone dark" and are untraceable, CEO Ben Zhou said in an update on X early Tuesday.“This and the coming week is critical for fund freezing as the funds will start to clear at exchanges, otc and p2p,” Zhou said, referring to the hackers' efforts of laundering the money and converting it to cash.Some 417,348 ether (ETH), valued at approximately …

77% of Bybit Hacked Funds Still Traceable, 20% Lost, 3% Frozen

Bybit CEO Ben Zhou has provided an update on the movement of hacked funds, revealing that of the $1.4 billion stolen, 77% remains traceable.