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The hackers who stole around $1.4 billion in cryptocurrency from crypto exchange Bybit have moved nearly all of the robbed proceeds and converted them into Bitcoin, in what experts call the first phase of the money-laundering operation. On February 21, Bybit said that a “sophisticated attack” on one of the company’s wallets resulted in the … Read more
Bybit’s CEO says more than $200 million of the $1.46 billion stolen from the exchange has become untraceable due to mixing services. Bybit‘s CEO Ben Zhou says nearly 20% of the funds are now untraceable, just less than two weeks after the exchange lost over $1.4 billion in a highly sophisticated attack by North Korea-backed … Read more
Bybit confirmed that its multi-sig cold wallet was breached, just hours after the crypto exchange increased access to liquidation data for transparency. Bybit CEO Ben Zhou stated that hackers infiltrated the exchange’s (ETH) multi-signature cold wallet, draining nearly $1.5 billion in crypto. The breach was first flagged by renowned on-chain sleuth ZachXBT, who alerted the … Read more
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