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Cryptopotato
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Bybit Hack: Thief Washes 18% of $1.4B Haul in 60 Hours
- The attacker behind the Bybit exploit has laundered 18% of the stolen funds in just 60 hours.
- They are using THORChain for cross-chain swaps to convert ETH into other crypto assets.
- So far, the hacker has laundered 89,500 ETH, valued at about $224 million.
- Bybit is working on recovering the stolen funds and has engaged blockchain forensic firm zeroShadow to trace and freeze the assets.
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