bybit_hack

Bybit CEO: About 500,000 $ETH Stolen Funds, 77% Traceable, 20% Laundered on Black Market, 3% Frozen. #bybit_hack

🚨 Bybit Hacker Exposed – $1.5B Theft Traced to Lazarus Group! 🚨
The mastermind behind the $1.5 billion Bybit hack has been identified, and the culprit is none other than Lazarus Group, the notorious North Korean cybercrime syndicate, according to Arkham Intelligence.
🔎 What We Know So Far:
🔹 Lazarus Group has a history of major crypto heists, laundering billions through complex blockchain transactions.
🔹 The stolen funds are being moved across multiple wallets, making recovery difficult.
🔹 Authorities and blockchain analysts are now tracking the assets to prevent liquidation.
⚠️ What’s Next?
This attack reinforces the need for stronger crypto security measures and global cooperation to fight cybercrime. Will Bybit recover its lost funds, or is this another billion-dollar mystery?
💬 What do you think about this latest crypto heist? Drop your thoughts below! 👇
👉 Follow for real-time crypto updates! –
Mustafasoran
#bybit_hack #USTariffs #BybitBounty #BybitEthBuy

🚨 $1.4B in Stolen ByBit Crypto - Where Did It Go?
A massive $1.4 billion hack just shook the crypto world, with 500,000 $ETH stolen. Here’s what we know so far:

🔍 The Current Status
77% ($1.08B) is still traceable.20% ($280M) has gone dark.3% ($42M) has been frozen.

💸 How the Hackers Moved the Money
- $1B converted to $BTC across 6,954 wallets (average 1.71 BTC each). Big moves expected this week as funds hit exchanges, OTC desks, and P2P markets.
- $900M (72%) swapped through THORChain – Still traceable.
- $200M (16%) disappeared via ExCH (@exchcx). No updates yet.
- $100M (8%) moved through OKX Web3 proxy. $65M is untraceable—OKX Web3 Wallet may hold answers.

💰 Bounty Hunters Are on It
- 11 groups helped freeze funds.
- Biggest contributors: Mantle, Paraswap, ZachXBT.
- $2.18M in bounties paid to those who assisted.
-> More details: Lazarusbounty.com

⏳ The Clock Is Ticking
Hackers are trying to cash out before more funds get frozen. Security teams are racing to track every transaction.

Ben Zhou, the CEO of Bybit, has once again demonstrated his savvy in managing a critical situation. Traders appreciate his transparent approach to addressing the recent hack, which has earned him praise for keeping things open and clear.

#bybit #bybit_hack

Bybit CEO Says 77% of Stolen Funds in Bybit Hack Still Traceable

Bybit CEO says 77% of stolen funds are still traceable, 20% are gone, and 3% are frozen.

On-chain data tracker Ember reported that the Bybit hack laundered all of the stolen funds, which is 499,000 ETH.

The Bybit hack has taken a new turn as on-chain data tracker Ember reported that the hacker has released all of the funds. Meanwhile, Bybit CEO Ben Zhou shared an executive summary of the stolen funds. Of the total stolen funds, 77% are still traceable, 20% are gone, and 3% are frozen.

Ben Zhou shared full details of the funds and their conversion to other cryptocurrencies. 83% of the total hacked funds were converted to Bitcoin using 6,954 wallets. Ben stated that the next few weeks are crucial in tracking the funds as the funds will start clearing on exchanges via P2P and OTC.

The Bybit hack worth around $1.4 billion shook the industry, including the North Korean hacker group. Rather than be baffled, Bybit closed the ETH deficit within 48 hours to maintain liquidity and provide uninterrupted services.
#bybit_hack
#P2P #OTC #ETH
$ETH

After the #bybit_hack the #binance platform should be extra carful with the security of the exchange.

Bybit CEO Ben Zhou says 20% of stolen funds are untraceable, while 77% remains trackable and 3% has been frozen.
- 83% of stolen $ETH was swapped to $BTC across 6,954 wallets
- 72% of swaps went through THORChain
- Hackers also used non-KYC exchanges & OKX Web3 proxy
#bybit_hack #bybit

Bybit CEO: About 500,000 ETH Stolen Funds, 77% Traceable, 20% Laundered on Black Market, 3% Frozen
#bybit_hack

🚨 Bybit Hacker Exposed – $1.5B Theft Traced to Lazarus Group! 🚨
The mastermind behind the $1.5 billion Bybit hack has been identified, and the culprit is none other than Lazarus Group, the notorious North Korean cybercrime syndicate, according to Arkham Intelligence.
🔎 What We Know So Far:
🔹 Lazarus Group has a history of major crypto heists, laundering billions through complex blockchain transactions.
🔹 The stolen funds are being moved across multiple wallets, making recovery difficult.
🔹 Authorities and blockchain analysts are now tracking the assets to prevent liquidation.
⚠️ What’s Next?
This attack reinforces the need for stronger crypto security measures and global cooperation to fight cybercrime. Will Bybit recover its lost funds, or is this another billion-dollar mystery?
💬 What do you think about this latest crypto heist? Drop your thoughts below! 👇
👉 Follow for real-time crypto updates! –
Mustafasoran
#BybitHack #BybitLaunchpool #bybit_hack #BybitSecurityAlert #CZ'sTokenModelIdea

🚨 LATEST: Bybit stolen funds are likely headed to crypto mixers next, according to blockchain security firm Elliptic.

The Lazarus Group’s laundering process typically follows a characteristic pattern and it’s now engaged in the second stage of the laundering which involves layering the stolen funds in order to attempt to conceal the transaction trail, said Elliptic.

#InfiniHacked #BybitSecurityBreach #Ethereum #bybit_hack

🚨 #bybit_hack Update: $200M Laundered! 🚨

#bybit CEO Ben Zhou confirms that Total hacked funds of USD 1.4bn around 500k $ETH , 77% are still traceable, 20% has gone dark, 3% have been frozen.

🔍 Key Findings:
✔ 83% (~$1B) swapped into $BTC across 6,954 wallets mostly used #THORChain to clear ETH to BTC
✔ 16% (~$160M) went Dark via ExCH mixer
✔ $65M lost due to missing OKX Web3 wallet data

THORChain validators refused to block transactions, sparking controversy. Meanwhile, bounty hunters froze $2.1M, but full recovery remains uncertain.

Should DeFi platforms do more to stop stolen funds?

#Write2Earn #Bybit_Hack_Update

How Bybit Could Have Stopped the $10K Hack Before It Started

Imagine losing $10K in crypto overnight, not because of a market crash, but because hackers outsmarted your exchange. The massive Bybit hack of 2025, which saw $1.5 billion vanish, wasn’t just a wake up call for the big players, it’s a lesson for every crypto holder, even those with just $10K at stake. Here is how Bybit (and you) could have stopped it cold.

The hack? A phishing scam on steroids. Hackers tricked Bybit’s wallet signers into approving a fake transaction via a tampered interface, handing over control of a cold wallet. Sounds high tech, but the fix is simpler than you would think. First, no blind signing. Bybit’s team approved the transaction without double checking the raw details on a secure device. A hardware wallet showing the real code not the hacked UI would have screamed “fraud.”

Second, whitelist your wallets. If Bybit had locked transfers to only pre approved addresses, the hackers’ rogue wallet would have been dead in the water. For your $10K, set this up too, don’t let funds fly to random addresses.

Third, multi layered checks. One compromised PC shouldn’t doom you. Use independent systems think 2FA on a separate device or a YubiKey to verify big moves. Bybit didn’t, and it cost them billions.

The kicker? This wasn’t a genius hack, it was preventable with basic security hygiene. For your $10K, don’t trust an exchange alone. Pull most of it offline to a cold wallet, enforce 2FA, and triple check every transaction.

Bybit learned the hard way so you don’t have to. Stay sharp, your crypto is only safe if you make it that way.

Share this now, don’t let your $10K be next!

#bybit_hack

🥷 Bybit Hack: 77% of Stolen $1.4B Still Traceable

Hackers laundered 499,000 ETH ($1.4B) from Bybit, with 77% still traceable, 20% untraceable, and 3% frozen. THORChain processed 72% of illicit funds, earning $5.5M in fees, but refuses to intervene, sparking community backlash. The mass liquidation contributed to ETH’s 13% drop. The case raises concerns over DeFi governance and whether protocols should prevent money laundering or uphold full decentralization.

#bybit_hack #Write2Earn

Bybit hackers can't really sell the ETH as stablecoins can be frozen.

DAI is an option but I don't think they are going to do it

In my view mid term bullish as Bybit might be required to buy back ETH to cover users.

Only time will tell
#BybitSecurityBreach
#bybit_hack