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Bybit CEO: 77% of Bybitβs Hacked Assets Still Traceable
The co-founder of Bybit announced that of the total $1.4 billion in hacked assets, 77% is still traceable, 20% is inaccessible, and 3% is frozen.
According to the report, 83% of the stolen funds (417,348 Ethereum units) were converted to Bitcoin and distributed across 6,954 wallets. The hackers also used the ThorChain platform to convert Ethereum to Bitcoin, with 72% of the hacked funds being transferred through this channel.
Also, 16% of the assets were inaccessible through the ExCH exchange, and 8% were transferred through the OKX Web3 proxy. Of this amount, 23,553 Ethereum remains untraceable and requires more information from OKX. 0 reply
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