bybit_hack_update

🚨 #bybit_hack Update: $200M Laundered! 🚨

#bybit CEO Ben Zhou confirms that Total hacked funds of USD 1.4bn around 500k $ETH , 77% are still traceable, 20% has gone dark, 3% have been frozen.

🔍 Key Findings:
✔ 83% (~$1B) swapped into $BTC across 6,954 wallets mostly used #THORChain to clear ETH to BTC
✔ 16% (~$160M) went Dark via ExCH mixer
✔ $65M lost due to missing OKX Web3 wallet data

THORChain validators refused to block transactions, sparking controversy. Meanwhile, bounty hunters froze $2.1M, but full recovery remains uncertain.

Should DeFi platforms do more to stop stolen funds?

#Write2Earn #Bybit_Hack_Update