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Bybit CEO: 27.6% of Bybit hack funds remain untraceable

Bybit CEO Ben Zhou has revealed that over a quarter of the funds stolen in the March Bybit hack can no longer be tracked while 84.5% has been converted to Bitcoin via Thorchain.

In an Apr. 21 post on X, Zhou shared a detailed update on the $1.5 billion hack, the biggest crypto theft to date. According to Zhou, 27.6% of the stolen assets have gone completely dark after moving through crypto mixers, cross-chain platforms, and eventually to over-the-counter and peer-to-peer exchanges.

Bybit CEO: 27.6% of Bybit hack funds remain untraceable

Bybit CEO Ben Zhou has revealed that over a quarter of the funds stolen in the March Bybit hack can no longer be tracked while 84.5% has been converted to Bitcoin via Thorchain.

In an Apr. 21 post on X, Zhou shared a detailed update on the $1.5 billion hack, the biggest crypto theft to date. According to Zhou, 27.6% of the stolen assets have gone completely dark after moving through crypto mixers, cross-chain platforms, and eventually to over-the-counter and peer-to-peer exchanges. 

https://crypto.news/bybit-ceo-27-6-of-bybit-hack-funds-remain-untraceable/