Well, well, well, it seems someone got a little too greedy. The mastermind behind the $1.4 billion Bybit hack has managed to clean up more than $335 million in digital assets, and no, it’s not from a laundromat—just some slick blockchain trickery. Investigators are still chasing the funds, so if you’re hoping for a happy ending, don’t hold your breath just yet. 😅
Crypto investors had their dreams crushed on February 21 when Bybit, in all its glory, lost over $1.4 billion in liquid-staked Ether (stETH), Mantle Staked ETH (mETH), and other digital goodies. Talk about a tough day at the office.
Now, here’s the juicy bit: Onchain data shows that our hacker friend moved a casual 45,900 Ether (ETH)—worth a cool $113 million—in just the last 24 hours. Total laundering tally? Over 135,000 ETH, coming in at around $335 million. That’s a lot of coins changing hands. 🙃
And here’s the kicker: the hacker is still sitting on 363,900 ETH, valued at about $900 million. So, unless someone intercepts this, that’s one very happy hacker. According to blockchain analyst EmberCN, at this rate, it’ll only take another 8 to 10 days to clean it all up. 😎
“There are still 363,900 ETH ($900 million) in the Bybit hacker address. At the current rate, it will only take another 8 to 10 days to clean it up.”
Now, don’t start pointing fingers just yet—blockchain security firms, including the ever-watchful Arkham Intelligence, suspect that North Korea’s Lazarus Group might be the ones behind this digital heist. Great, just what we needed, right?
Fast forward to February 25, and Bybit’s co-founder and CEO, Ben Zhou, declared “war” on Lazarus Group. Yep, a full-on crypto battle. May the best hacker—or exchange—win. 🏴☠️
Meanwhile, Elliptic, a blockchain analytics firm, has flagged 11,084 crypto wallet addresses suspected of being linked to this little escapade. And that’s just the beginning. The list is expected to grow, so keep your popcorn ready. 🍿
Can It Save Centralized Exchanges?
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2025-02-26 14:56