Bybit hackers have laundered approximately $224 million in ETH, mainly through THORChain cross-chain exchanges

2025-02-25 09:15:59

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According to ChainCatcher's message and Ember monitoring, the Bybit hacker has laundered 89,500 ETH (worth approximately $224 million) in the past 2.5 days, accounting for 18% of the total stolen ETH (499,000 ETH). At the current exchange rate, the hacker is expected to convert the remaining 410,000 ETH into other assets (such as BTC, DAI, etc.) within half a month. Currently, the hacker is mainly using THORChain for cross-chain asset exchanges.

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Bybit theft incident tracking

On the evening of February 21, 2025, Bybit suffered a hacker attack, with over $1.4 billion worth of cryptocurrency assets stolen. How will the incident unfold, and what subsequent impacts will it bring?

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