Summary
- Bybit reported that 86% of the funds stolen in the hack were converted to Bitcoin.
- It was revealed that hackers are using Bitcoin mixers to increase transaction anonymity.
- Ben Zhou, CEO, stated that the use of mixers is making fund tracking a major challenge.
Hackers who attacked the global virtual asset exchange Bybit have reportedly converted 86% of the hacked funds into Bitcoin (BTC) using a 'mixer'.
Ben Zhou, CEO of Bybit, announced on X on the 20th that "there is evidence that hackers have started using Bitcoin mixers." A mixer is a program that increases anonymity by making virtual asset transaction records untraceable.
Specifically, the hackers who attacked Bybit converted 86.29% of the hacked funds into Bitcoin. The total amount of funds stolen from Bybit in the recent hack is 1.4 billion dollars (approximately 2 trillion won). It is reported that Bybit is tracking about 89% of the stolen funds.
Ben Zhou, CEO, stated, "(The hacked funds) flowed into several P2P trading platforms after passing through the mixer," and added, "This trend is likely to increase, and tracking mixer transactions is currently the biggest challenge."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
