The details of the recent hack on Bybit are continuing to emerge. Hackers successfully stole around 135,000 Ethereum, worth approximately $335 million, from the platform's hot wallets. Investigations show that the hackers managed to launder 45,900 ETH (around $113 million) within a very short period. At this rate, it’s estimated that the remaining stolen Ethereum could be fully laundered in just 8 to 10 days.
In response, Bybit assured users that their funds are safe and that investigations into the attack are ongoing. The hackers have been using decentralized platforms to quickly launder the stolen Ethereum, highlighting the need for cryptocurrency exchanges and the broader crypto community to reassess their security measures.
