The hacker who stole $1.4 billion from Bybit has already laundered more than 50 percent of the stolen funds. According to Spot On Chain, in the last 5 days, he has laundered 266,309 ETH (about $614 million), using the THORChain platform to exchange ETH for Bitcoin. This caused a sharp rise in activity on THORChain, increasing the daily transaction volume from $80 million to $580 million. As a result, the total amount of transactions over five days reached $2.91 billion. The FBI links the attack to hackers supported by North Korea. Bybit is monitoring the laundering process and offers a reward for help in recovering the funds.
2/28/2025 7:36:16 AM (GMT+1)
The hacker laundered more than 50 percent of the stolen $1.4 billion from Bybit, using THORChain to exchange ETH for Bitcoin, which caused a sharp rise in activity on the platform
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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