Bybit CEO Says 77% of Stolen Funds From Record $1.4B Hack Still Traceable

Description

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 $1 billion remain traceable on the blockchain aft...