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https://x.com/EmberCN/status/1896728373340303440
The hack on the Bybit crypto exchange of 499,000 ETH, valued at $1.39 billion, and completed laundering the funds over 10 days.
During this period, Ethereum's price dropped 23%, from $2,780 to $2,130, influenced by market reactions to the hack and broader crypto market dynamics, according to related web reports.
The laundering process primarily utilized THORChain, which saw $5.9 billion in transaction volume and earned $5.5 million in fees, highlighting the platform's role in facilitating the hacker's activities, as noted in THORChain's documentation. 0 reply
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