The hacker behind the Bybit exploit has successfully laundered 100% of the stolen $1.4 billion in just ten days.

Hackers Laundered 100% of the Stolen $1.4B in Just 10 Days

The hacker who perpetrated the record-breaking $1.4 billion heist on Bybit has managed to launder all of the stolen funds in just ten days, according to blockchain security firm Lookonchain.

The hacker who perpetrated the record-breaking $1.4 billion heist on Bybit has managed to launder all of the stolen funds in just ten days, according to blockchain security firm Lookonchain.

The hack, which occurred on February 21, is now considered the biggest crypto theft ever in history. The hacker stole over 500,000 ETH and other tokens, which they then moved through THORChain, a decentralized exchange that lets people swap crypto across different blockchains.

The hack, which occurred on February 21, is now considered the biggest crypto theft ever in history. The hacker stole over 500,000 ETH and other tokens, which they then moved through THORChain, a decentralized exchange that lets people swap crypto across different blockchains.

The firm noted that the hacker had laundered 499,395 ETH, currently worth $1.04 billion, mainly through THORChain.

The firm noted that the hacker had laundered 499,395 ETH, currently worth $1.04 billion, mainly through THORChain.

However, this is $360 million less than the actual stolen funds, which comes to $1.4 billion. But due to the recent drop in Ethereum’s price, the price of the fund that was stolen dropped as well.

However, this is $360 million less than the actual stolen funds, which comes to $1.4 billion. But due to the recent drop in Ethereum’s price, the price of the fund that was stolen dropped as well.

On the day of the hack, Ethereum was trading at an intraday high of $2,839, but it is now trading for $2,067 after a 23% drop in value, according to data from CoinMarketCap.

Most cyber criminals use THORChain because it allows them to move money without centralized control.

Many experts believe North Korea’s Lazarus Group is behind the attack. The group has been linked to multiple crypto hacks in the past. In fact, South Korea recently sanctioned 15 North Koreans for allegedly funding the country’s nuclear weapons program through cyber theft.

Despite the hackers’ attempts to cover their tracks, blockchain security firms believe that some of the stolen funds could still be traced and recovered.

“While laundering through mixers and cross-chain swaps complicates recovery, cybersecurity firms leveraging on-chain intelligence, AI-driven models, and collaboration with exchanges and regulators still have small opportunities to trace and potentially freeze assets,” said Deddy Lavid, co-founder and CEO of Cyvers.

Bybit CEO Ben Zhou confirmed earlier today that about 77% of the stolen money could still be tracked, but more than $280 million had completely disappeared. Only 3% of the funds have so far been frozen.

However, Bybit acted quickly and managed to replace all $1.4 billion worth of stolen crypto by February 24, just three days after the attack. The company also assured customers that withdrawals were still working as usual.

Crypto security firms are now looking for ways to stop similar attacks in the future. One possible solution is off-chain transaction validation, which could block 99% of crypto hacks before they happen.