CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-05-27 11:14:49

Nearly half of stolen $1.4b from Bybit now untraceable

Three months after one of the largest crypto thefts on record, blockchain data shows that almost half of the $1.4 billion stolen from Bybit has gone dark. Data from cryptocurrency exchange Bybit reveals $644 million in stolen funds — nearly half of the exchange’s massive $1.4 billion theft — has vanished from public tracking after being processed through mixing services. Approximately $693 million (or 49.5%) remains traceable, while exchanges and authorities have frozen $63 million (4.5%), the data shows. The stolen funds were systematically laundered through several mixing services. The largest portion — $247.5 million (around 966 BTC) — was laundered through Wasabi Wallet, while another $94.1 million laundered via eXch, a mixing service that publicly claimed to shut down in April but remains operational. Smaller amounts moved through Tornado Cash ($2.5 million in ETH) and Railgun ($1.7 million in ETH). You might also like: Safe Wallet responds to Bybit hack with major security improvements Of particular concern is eXch’s continued activity despite its alleged closure. As crypto.news reported earlier, analysts at TRM Labs confirmed that the service still functions through back-end APIs. The mixer’s pooled transactions create near-total opacity as “all received and sent transactions are mixed together and there is no way to discover how many people are behind certain addresses and traceability is extremely difficult,” TRM Labs explained. In a March article on X, analysts at crypto wallet interface platform Safe revealed that a North Korean hacking group known as TraderTraitor compromised a Safe{Wallet} developer’s laptop and used stolen AWS session tokens to bypass multi-factor authentication, gaining access to Bybit’s funds. The breach occurred in early February, when a Docker project — posing as a “stock investment simulator” — was downloaded onto Safe developer’s Mac. The project communicated with a suspicious domain, leading to the malware’s installation. Read more: Binance pushes for stricter security regulations following $1.4b Bybit hack

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen