The Bybit hacker has laundered $1.04 billion in stolen funds in just 10 days, but security firms believe some assets may still be recoverable through blockchain tracing.
The Bybit exploiter has laundered 100% of the stolen funds after staging the biggest hack in crypto history, but some of the funds may still be recoverable by blockchain security experts.
On Feb. 21, Bybit was hacked for over $1.4 billion worth of liquid-staked Ether (STETH), Mantle Staked ETH (mETH) and other ERC-20 tokens, resulting in the largest crypto theft in history.
The hacker has since moved all 500,000 stolen Ether (ETH), now valued at approximately $1.04 billion, primarily through the decentralized crosschain protocol THORChain, blockchain security firm Lookonchain reported in a March 4 post on X:
