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Cryptocurrency News Articles
Bybit Promises to Recover 88% of the $1.5B Stolen During Its Hack
Mar 20, 2025 at 10:18 pm
Ben Zhou, the co-founder of crypto exchange Bybit, recently revealed that a massive 88% of the total $1.5 billion in stolen funds during the Bybit hack in Feb 2025, are still traceable.
A massive 88% of the total $1.5 billion in stolen funds during the Bybit hack are still traceable, revealed Ben Zhou, the co-founder of crypto exchange Bybit, on Monday. He added that blockchain investigators have continued with their efforts to trace, freeze, and recover the stolen funds.
Last month, hackers managed to breach popular crypto exchange Bybit stealing a massive $1.5 billion in user funds from the platform. The platform lost a majority of the funds in liquid-staked Ether (stETH), Mantle Staked ETH (mETH) and other cryptocurrencies.
Early investigative reports from different blockchain analytics platforms like Arkham Intelligence point to North Korea’s notorious Lazarus Group behind the Bybit hack. However, the hackers haven’t been very successful in eliminating the traceability of funds by using crypto mixers or other methods.
Bybit co-founder Ben Zhou stated that 88% of the stolen $1.5 billion funds from the Bybit hack, still remain traceable.
3.20.25 Executive Summary on Hacked Funds: Hacker started to use BTC mixers: 1. Wasbi 2. CryptoMixer 3. Railgun 4. TornadoCashTotal hacked funds of USD 1.4bn around
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