The Bybit exploiter managed to launder over 50% of the stolen funds within a week since it exploited the exchange, despite onchain analysts pursuing the identity of the exploiters.
Centralized crypto exchange Bybit was hacked for o data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/bybit-exchange-hacked” rel=”null” target=”null” text=”null” title=”null”>ver $1.4 billion worth of crypto on Feb. 21, marking data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/crypto-ftx-collapse-regulatory-evolution” rel=”null” target=”null” text=”null” title=”null”>the largest hack in crypto history
The Bybit exploiter has already laundered over $605 million worth of Ether ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/ethereum-price” rel=”null” target=”null” text=”null” title=”null”>ETH), or over 54% of the total stolen funds, according to Lookonchain. The crypto intelligence platform wrote in a Feb. 28 X data-ct-non-breakable=”null” href=”https://x.com/lookonchain/status/1895299252500525223″ rel=”null” target=”null” text=”null” title=”null”>post:
“So far, the #Bybit hacker has… lockquote>
