{"id":23221,"date":"2025-04-21T10:13:21","date_gmt":"2025-04-21T07:13:21","guid":{"rendered":"https:\/\/forklog.com\/en\/bybit-ceo-over-half-of-stolen-assets-remain-traceable\/"},"modified":"2025-04-21T10:13:21","modified_gmt":"2025-04-21T07:13:21","slug":"bybit-ceo-over-half-of-stolen-assets-remain-traceable","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bybit-ceo-over-half-of-stolen-assets-remain-traceable\/","title":{"rendered":"Bybit CEO: Over Half of Stolen Assets Remain Traceable"},"content":{"rendered":"<p>According to Bybit CEO Ben Zhou, 68.6% of the approximately 500,000 ETH stolen in the <a href=\"https:\/\/forklog.com\/en\/news\/bybit-exchange-suffers-1-46-billion-loss-in-hack\">Bybit hack<\/a> remain traceable, 27.6% have &#8220;gone dark,&#8221; and 3.8% have been frozen.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">4.21.25 Executive Summary on Hacked Funds:<br \/>Total hacked funds of USD 1.4bn around 500k ETH. 68.57% remain traceable, 27.59% have gone dark, 3.84% have been frozen. The untraceable funds primarily flowed into mixers then through bridges to P2P and OTC platforms. <br \/>Recently, we have\u2026<\/p>\n<p>\u2014 Ben Zhou (@benbybit) <a href=\"https:\/\/twitter.com\/benbybit\/status\/1914155633781469371?ref_src=twsrc%5Etfw\">April 21, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Wasabi platform emerged as a key laundering tool, with 944 BTC worth approximately $90 million moved through it. The perpetrators also utilized mixers such as CryptoMixer, Tornado Cash, and Railgun. Some assets were converted via platforms like THORChain, eXch, Lombard, LI.FI, Stargate, and SunSwap.<\/p>\n<p>More than 84% (~$1.21 billion) of the stolen Ethereum was converted to Bitcoin through THORChain. About two-thirds of this amount, approximately $960 million, was converted into 10,003 BTC across 35,772 wallets. Zhou added that $17 million remained in Ethereum across 12,490 addresses.<\/p>\n<p>In February, Bybit <a href=\"https:\/\/forklog.com\/en\/news\/bybit-hackers-launder-113-million-in-a-day\">launched<\/a> a website to track the activities of the North Korean hacker group Lazarus Group, which Arkham Intelligence experts <a href=\"https:\/\/forklog.com\/en\/news\/arkham-says-lazarus-group-behind-bybit-hack\">linked<\/a> to the platform&#8217;s hack.<\/p>\n<p>Over 60 days, 5,443 applications were reviewed, with only 70 deemed credible.<\/p>\n<p>The exchange paid $2.3 million to 12 &#8220;bounty hunters.&#8221; The largest contribution came from the L2 network Mantle, which helped block $42 million.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"290\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-21-100024-1024x290.png\" alt=\"Snimok-ekrana-2025-04-21-100024\" class=\"wp-image-257109\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-21-100024-1024x290.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-21-100024-300x85.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-21-100024-768x218.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-21-100024-1536x435.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-04-21-100024.png 1683w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.lazarusbounty.com\/en\/\">Lazarus Bounty<\/a>.<\/figcaption><\/figure>\n<p>Zhou noted that community support is essential for decrypting mixers and tracking funds. He urged more specialists to join the bounty program.<\/p>\n<p>Earlier, on April 17, the automatic crypto exchange eXch <a href=\"https:\/\/forklog.com\/en\/news\/exch-platform-to-shut-down-amid-bybit-money-laundering-allegations\">announced<\/a> its closure due to allegations of laundering funds stolen by Lazarus from Bybit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Bybit CEO Ben Zhou, 68.6% of the approximately 500,000 ETH stolen in the Bybit hack remain traceable, 27.6% have &#8220;gone dark,&#8221; and 3.8% have been frozen. 4.21.25 Executive Summary on Hacked Funds:Total hacked funds of USD 1.4bn around 500k ETH. 68.57% remain traceable, 27.59% have gone dark, 3.84% have been frozen. The untraceable [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23220,"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":[1151,44,1111],"class_list":["post-23221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bybit","tag-cybercrime","tag-cybersecurity"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23221","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=23221"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23220"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}