Bybit
$5.23B
While investigators are monitoring roughly 77% of the stolen assets, the remaining 20% has been successfully laundered, which makes further tracing impossible. Another 3%, or $42 million, has already been frozen.
On March 4, Zhou shared an update on X on the stolen 500,000 Ethereum
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Investigators discovered that the hackers converted approximately $1 billion of the stolen Ethereum into Bitcoin
Zhou warned that the next couple of weeks are crucial in stopping further withdrawals. Hackers are likely to use crypto exchanges, OTC platforms, and P2P transactions to cash out before more of their funds can be frozen.
Further analysis shows that THORChain
On February 26, Bybit launched a bounty program called the Lazarus Bounty to help recover stolen funds. What did Zhou say about it? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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