cryptofamily

Three months after one of the largest crypto thefts on record, blockchain data shows that almost half of the $1.4 billion stolen from Bybit has gone dark.

Data from cryptocurrency exchange Bybit reveals $644 million in stolen funds — nearly half of the exchange’s massive $1.4 billion theft — has vanished from public tracking after being processed through mixing services. Approximately $693 million (or 49.5%) remains traceable, while exchanges and authorities have frozen $63 million (4.5%), the data shows.

The stolen funds were systematically laundered through several mixing services. The largest portion — $247.5 million (around 966 BTC) — was laundered through Wasabi Wallet, while another $94.1 million laundered via eXch, a mixing service that publicly claimed to shut down in April but remains operational. Smaller amounts moved through Tornado Cash ($2.5 million in ETH) and Railgun ($1.7 million in ETH).

Crypto enthusiast passionate about technologies at the forefront of development. Happy to have same people around me

Always need to have different wallets to keep your funds, so sad it’s gone

It's a pity that we can't protect our funds 100%.