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Bybit CEO Says 77% of Stolen Funds From Bybit Hack Still Traceable

  • Bybit CEO shared that 77% of stolen funds are still traceable while 20% went dark and 3% froze.
  • On-chain data tracker Ember reported that the Byit hack laundered all the stolen funds, i.e., 499,000 ETH.
  • Ben Zhou shared a complete breakdown of funds and their conversion into other cryptocurrency, 83% of the total hacked funds were converted into Bitcoin.
  • Bybit CEO created a Lazarusbounty.com website to share details of stolen funds, with 11 bounty hunters assisting in freezing the funds.

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