{"id":22257,"date":"2025-03-20T13:18:56","date_gmt":"2025-03-20T11:18:56","guid":{"rendered":"https:\/\/forklog.com\/en\/ben-zhou-majority-of-stolen-bybit-funds-remain-traceable\/"},"modified":"2025-03-20T13:18:56","modified_gmt":"2025-03-20T11:18:56","slug":"ben-zhou-majority-of-stolen-bybit-funds-remain-traceable","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ben-zhou-majority-of-stolen-bybit-funds-remain-traceable\/","title":{"rendered":"Ben Zhou: Majority of Stolen Bybit Funds Remain Traceable"},"content":{"rendered":"<p>Approximately 89% of the <a href=\"https:\/\/forklog.com\/en\/news\/bybit-exchange-suffers-1-46-billion-loss-in-hack\">funds stolen from Bybit<\/a>, amounting to around 500,000 ETH, remain traceable, according to Bybit&#8217;s CEO Ben Zhou.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">3.20.25 Executive Summary on Hacked Funds: <br \/>Hacker started to use mixers: 1. Wasbi 2. CryptoMixer 3. Railgun 4. TornadoCash<br \/>Total hacked funds of USD 1.4bn around 500k ETH. 88.87% remain traceable, 7.59% have gone dark, 3.54% have been frozen. <br \/>Breakdown: \u2014 86.29% (440,091 ETH,\u2026<\/p>\n<p>\u2014 Ben Zhou (@benbybit) <a href=\"https:\/\/twitter.com\/benbybit\/status\/1902635986259247207?ref_src=twsrc%5Etfw\">March 20, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to him, 7.6% of the funds have &#8220;gone dark,&#8221; while another 3.5% have been frozen.<\/p>\n<p>The perpetrators from the Lazarus Group converted 86.3% of the coins (440,091 ETH) into 12,836 BTC across 9,117 wallets. They routed 193 BTC through the Wasabi Mixer and various P2P vendors. <\/p>\n<p>Zhou noted that &#8220;decoding&#8221; transactions linked to mixers is one of the key challenges in tracking the funds. <\/p>\n<p>In the past 30 days, Bybit received 5,012 bounty reports, 63 of which were found to be valid. Zhou urged the community to assist with the investigation.<\/p>\n<p>Earlier, experts from CertiK <a href=\"https:\/\/forklog.com\/en\/news\/lazarus-group-hackers-transfer-400-eth-to-tornado-cash\">recorded<\/a> the transfer of 400 ETH (~$752,000), presumably linked to Lazarus, to the crypto mixer Tornado Cash.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Approximately 89% of the funds stolen from Bybit, amounting to around 500,000 ETH, remain traceable, according to Bybit&#8217;s CEO Ben Zhou. 3.20.25 Executive Summary on Hacked Funds: Hacker started to use mixers: 1. Wasbi 2. CryptoMixer 3. Railgun 4. TornadoCashTotal hacked funds of USD 1.4bn around 500k ETH. 88.87% remain traceable, 7.59% have gone dark, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1151,44,1125],"class_list":["post-22257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bybit","tag-cybercrime","tag-lazarus"],"aioseo_notices":[],"amp_enabled":true,"views":"64","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22257"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22256"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}