According to Foresight News, Bybit CEO Ben Zhou today released a summary of stolen funds, stating that of the approximately 500,000 ETH stolen in February (totaling $1.4 billion), 68.57% remains traceable, 27.59% has been transferred to the black market, and 3.84% has been frozen with the help of exchanges. Untraceable funds primarily flow into mixers, then through bridges to P2P and OTC platforms. He observed that the mixer mainly used by North Korean hackers is Wasabi, with a certain amount of BTC being laundered through Wasabi, and a small portion entering CryptoMixer, Tornado Cash, and Railgun.
Ben Zhou: 68.57% of Bybit’s stolen funds are still traceable, 27.59% have been transferred to the black market, and 3.84% have been frozen
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