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Bybit CEO reveals: $1.4 billion stolen by hackers, 68.57% still traceable

PANews
PANews|Apr 21, 2025 03:59
According to Bybit CEO Ben Zhou, approximately 500000 ETH (worth $1.4 billion) were stolen by hackers, of which 68.57% are still traceable, 3.84% are frozen, and 27.59% have been "lost". Most untracked assets flow into P2P and OTC platforms through coin mixers such as Wasabi and Tornado Cash. About 84.45% of ETH has been exchanged for BTC through Thorchain. In the past 60 days, Bybit has received 5443 bounty reports, of which 70 are valid reports.
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