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

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Bybit CEO Ben Zhou has provided an update on the movement of hacked crypto funds, revealing that of the $1.4 billion stolen, 77% remains traceable, while 20% has gone dark, and 3% has been frozen. In a detailed breakdown posted on X , Zhou stated that 83% of the stolen funds (417,348 ETH, worth around $1 billion) have been converted into Bitcoin across 6,954 wallets, averaging 1.71 BTC per wallet. He emphasized that the next week will be critical for tracking and freezing funds, as hackers are e...