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TechCrunch
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Hackers launder most of Bybit’s stolen crypto worth $1.4B
- Hackers stole $1.4 billion in cryptocurrency from Bybit exchange.
- The stolen Ethereum has been converted to Bitcoin and moved to approximately 4,400 addresses.
- Hackers used THORSwap to launder the stolen funds, creating challenges for investigators.
- Bybit has offered a total bounty of $140 million to trace and freeze the funds.
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