Bybit hacker launders 100% of stolen $1.4B crypto in 10 days

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The Bybit exploiter has laundered 100% of the stolen funds after staging the biggest hack in crypto history, but some of the loot may still be recoverable by blockchain security experts.

On Feb. 21, Bybit was hacked for over $1.4 billion worth of liquid-staked Ether (STETH), Mantle Staked ETH (mETH) and other ERC-20 tokens, resulting in the largest crypto theft in history.

The hacker has since moved all 500,000 stolen Ether (ETH), now valued at about $1.04 billion, primarily through the decentralized crosschain protocol THORChain, blockchain security…



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Bybit hacker launders 100% of stolen $1.4B crypto in 10 days


The Bybit exploiter has laundered 100% of the stolen funds after staging the biggest hack in crypto history, but some of the loot may still be recoverable by blockchain security experts.

On Feb. 21, Bybit was hacked for over $1.4 billion worth of liquid-staked Ether (STETH), Mantle Staked ETH (mETH) and other ERC-20 tokens, resulting in the largest crypto theft in history.

The hacker has since moved all 500,000 stolen Ether (ETH), now valued at about $1.04 billion, primarily through the decentralized crosschain protocol THORChain, blockchain security…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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