Summary
- The Lazarus Group has reportedly laundered all 500,000 Ethereum (ETH) stolen from Bybit.
- The laundered Ethereum was mostly converted to Bitcoin (BTC) before being transferred.
- ThorChain reportedly processed over $5.5 billion in transaction volume following the hack.
It appears that the Lazarus Group has laundered all 500,000 Ethereum (ETH) stolen from Bybit.
On the 5th (local time), Arkham Intelligence announced via X that "the Lazarus Group has laundered all stolen assets" and that "the 500,000 ETH was primarily converted to Bitcoin (BTC) before being transferred." They added that ThorChain processed over $5.5 billion in transaction volume following the Bybit hack.
Previously, the Lazarus Group had stolen approximately $1.4 billion worth of ETH (500,000 ETH) from Bybit.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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