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Over 27% of the $1.4 billion stolen from Bybit in a historic crypto heist has vanished, according to CEO Ben Zhao. The funds were siphoned through mixers and bridges, with North Korea’s Lazarus Group suspected as the culprit. Only a fraction remains traceable or frozen.
- Bybit's $1.4B hack is the largest crypto theft in history, attributed to North Korea's Lazarus Group.
- Hackers laundered funds using mixers (Tornado Cash) and cross-chain bridges (Thorchain, Stargate).
- Exchange eXch, accused of laundering, announced closure amid regulatory scrutiny.
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