Investigator ZachXBT says he traced more than $12M in funds linked to the February 2025 Bybit theft after posing as a laundering customer. He also reported that Tether froze 442,000 USDT linked to the Bybit theft.
Tracing and freezing funds do not establish recovery or repayment. The investigation shows how brokers who turn stolen crypto into spendable money can also give investigators evidence beyond blockchain transfers.
Tracing and freezing funds do not establish recovery or repayment. The investigation shows how brokers who turn stolen crypto into spendable money can also give investigators evidence beyond blockchain transfers.