#BybitSecurityBreach

This hacker incident is essentially equivalent to locking up ETH for several years. This 1.4 billion ETH cannot be directly sold for USD stablecoins, as that would be tracked and frozen. The specific path they can operate is likely to exchange ETH for BTC in batches, and then break it down into thousands of small accounts to sell on some Asian trading platforms. This requires a large number of forged KYC accounts, and even with support from the North Korean government, it would be very difficult, so the money laundering process will be very slow, possibly taking 5-10 years.