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Funds from February’s $1.5 billion Bybit hack have been traced to a Greek crypto exchange, authorities revealed. The transaction was flagged as suspicious by Greece’s Anti-Money Laundering Authority in May.
- Bybit has recovered $42.89 million of the $1.5 billion stolen, with 88.87% traceable on-chain as of March.
- Greece’s Anti-Money Laundering Authority flagged a suspicious Ethereum transaction tied to the hack, leading to a seizure order.
- North Korea’s Lazarus Group, known for high-profile cyberattacks, is suspected behind the hack, using mixers like Tornado Cash to obscure funds.
📎 Related coverage from: decrypt.co