Editor's PiCK
"Bybit Hackers Laundered $224M in 3 Days...18% of Stolen Ethereum"
Summary
- Bybit hackers have reportedly laundered $224 million worth of Ethereum over 3 days.
- 18% of the stolen Ethereum has been laundered, amounting to 89,500 tokens.
- Hackers are reported to plan converting the remaining Ethereum to other assets within 15 days.
Hackers who attacked the global cryptocurrency exchange Bybit have reportedly laundered Ethereum worth approximately $224 million (about 320 billion won) over three days.
On-chain analyst EmberCN revealed through their X account on the 25th that "Bybit hackers laundered 89,500 Ethereum worth $224 million over the past three days." EmberCN stated that "this represents 18% of the stolen Ethereum (ETH)." The total amount of Ethereum stolen from Bybit in this hack was 499,000.
Analysts suggest that the hackers are primarily using Thor Chain for money laundering. EmberCN analyzed that "the hackers appear to plan to exchange the remaining 410,000 Ethereum into other assets such as Bitcoin (BTC) and Dai (DAI) within the next 15 days" and added that "currently, the hackers are mainly using Thor Chain to conduct cross-chain asset exchanges."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
![Did it crash because of Trump?…The 'real reason' Bitcoin collapsed [Hankyung Koala]](https://media.bloomingbit.io/PROD/news/d8b4373a-6d9d-4fb9-8249-c3c80bbf2388.webp?w=250)
!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)