Bybit CEO: 77% of the funds stolen by hackers are still traceable, 20% are no longer traceable, and 3% have been frozen

According to ChainCatcher's message, Bybit CEO Ben Zhou disclosed that the total amount of funds stolen by hackers is $1.4 billion (approximately 500,000 ETH), of which 77% is still traceable, 20% is untraceable, and 3% has been frozen.

Specific analysis shows that 83% (417,348 ETH, approximately $1 billion) has been converted to Bitcoin, distributed across 6,954 wallets. The hackers primarily converted ETH to BTC through THORChain, accounting for about 72% (361,255 ETH). Additionally, 16% of the funds (79,655 ETH) were lost through the ExCH platform, and 8% of the funds (40,233 ETH) were transferred via OKX Web3 proxy, of which about 5% is untraceable.

Currently, 11 parties have assisted in freezing the funds, with Mantle, Paraswap, and ZachXBT contributing the most, collectively paying out a bounty of 2.179 million USDT.