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Bybit CEO Ben Zhao disclosed that 27% of the $1.4 billion stolen in February’s crypto heist has vanished, while most remains traceable. The hackers, tied to North Korea’s Lazarus Group, used mixers and bridges to launder funds. One exchange, eXch, is shutting down amid laundering allegations.
- 27% of the stolen $1.4B is untraceable, while 68.57% remains trackable and 3.84% frozen.
- Hackers used Tornado Cash and Thorchain to launder ETH and stETH—the largest crypto theft ever.
- Exchange eXch is closing amid laundering ties, with funds funneled through OTC/P2P fiat platforms.
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