<ul><li>Bybit exchange suffered a $1.4 billion hack in February 2025, with North Korea’s Lazarus Group reportedly laundering all 499,000 ETH within 10 days</li><li>THORChain was the primary platform used for laundering, processing $605 million in 24 hours and collecting $5.5 million in fees during the process</li><li>20% ($280 million) of stolen funds have “gone dark,” while 77% remain traceable and 3% have been frozen</li><li>Bybit launched Lazarusbounty.com and has paid $2.17 million to 11 bounty hunters for helping recover funds</li></ul>

Bybit Exchange Reports $1.4 Billion Cryptocurrency Theft and Laundering Operation

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