Bybit hack: THIEF lava 18% of $ 1.4b in 60 hours

The attacker behind Bybit’s mass exploit has already washed 18% of the stolen funds in just 60 hours.

According to reports, they are using Thorchain for cross -chain swaps, moving at vertiginal speeds to turn ETH into other cryptography assets.

$ 224 million washed

In social networks mail Published on February 25, the Blockchain Embercn analysis firm revealed that in the last two and a half days, the hacker successfully washed 89,500 ETH, valued at approximately $ 224 million. This represents approximately 18% of the almost 500,000 Eleh stolen from bybit in the incident that occurred on February 21.

The data in the chain also show that the criminal made most of these transactions through Thorchain, a decentralized cross -chain exchange known for its anonymity. Previously, Blockchain researcher, Zachxbt, had claimed that at least $ 35 million had been washed through Exch, an accusation vehemently denied by the exchange that is not KYC.

According to Arkham Intelligence, the author is making transfers without rest, executing two to three per minute. The cryptography analysis platform also noted That the attacker takes a scheduled break of 15 minutes every 45 minutes, which could suggest that they are manually washing stolen funds.

Given their rhythm, the observers predict that the bad actor could convert the remaining coins into other cryptocurrencies, such as BTC and DAI, within the next fortnight.

In other places, the FBI has placed the citizen North Korea Jin Hyok in a notice sought on accusations of being associated with the Lazarus group, an attire of cyber crime linked to the Pyongyang administration. Several security experts have attributed The exploitation of records of records for the group.

It is said that Hyok was involved in several past attacks on cryptographic platforms, including the Ronin bridge robbery of $ 625 million in 2022 and the $ 100 million attack in Harmony Bridge in the same year.

Bybit increasing the recovery process

Meanwhile, the CEO of Bybit, Ben Zhou fixed that the exchange is working on a solution to track and recover stolen funds. He has launched an API to allow the blacklist of suspicious wallets linked to the attack.

In addition, the authorities of application of the law, cybersecurity companies and industry experts are collaborating to track the movements of the computer pirate and avoid illicit conversions about stolen money.

The platform has also hired the Forensic firm Blockchain Zeroshadow to help track assets in real time and freeze them when possible.