🧵 Thread: How did Bybit receive huge amounts of ETH after the hack, and how were the stolen funds traced? Details here! 👇

1️⃣ Huge inflows to Bybit after hack!



📊 446,870 ETH entered Bybit from unknown sources:


🔹 157,660 ETH via OTC trade!


🔹 109,033 ETH from different platforms!


🔹 47,800 ETH from anonymous whales!


🔹 40,000 ETH as a loan from Bitget!



📌 Is Bybit trying to cover losses with this money? 🤯



🔗 Follow the story 👇

2️⃣ Track stolen money! 😳



🔹 February 22, 2025: The attacker received $1.08 million at the address:


🔗 0x36* and convert USDC to SOL instantly!



🎯 The blackout has begun:


🔹 Convert USDC from SOL to BSC.


🔹 Split funds between 30+ wallets and then merge them.


🔹 Transfer 106K USDC to 20 new wallets!



📌 Professional money laundering!

3️⃣ Is Lazarus Group involved? 🚨



🛑 Investigations revealed that some addresses were used in Memcoin projects on Pump.fun!



🧐 Lazarus Group, linked to North Korea, may be behind the money laundering operations!



🔗 But how did the transfers happen? Details below 👇

4️⃣ How was the money transferred? 💰



📊 The attacker sent 5,000 ETH to a new address!


🔹 Money laundering via eXch (central mixer).


🔹 Convert it to Bitcoin via Chainflip!



📌 Target Bitcoin Address:


‏🔗 bc1qlu4a33zjspefa3tnq566xszcr0fvwz05ewhqfq



🔗 But the money didn't stop moving! 👇

5️⃣ Money is still moving! 😱

🚀 The attacker distributed 10K ETH across 39 wallets to hide his trace.

🔹 Update:

✅ 10K ETH has been split into 9 new addresses, making tracking even more complicated!

📌 The goal? Launder all the money before the ban!

🔗 How is Bybit dealing with the crisis? 👇

6️⃣ How is Bybit dealing with the crisis? 🤔



💡 Bybit is trying to regain trust, but regulators may move against Lazarus Group soon!



⚠️ The market is awaiting developments, and regulators may intervene forcefully!



📢 🚨 But there are new developments... 👇

6️⃣ Stay tuned for the next story! 😱🔥

📢 Today it was announced that America is struggling to track down stolen Bitcoin! Are we facing a deeper crisis?

🚀 Full details coming soon! 🔥