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

2025-03-04 13:49:55

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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.

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Bybit CEO hacker theft fund tracking

Column 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?