On February 21, Bybit lost $1.46 billion due to a hack of its cold Ethereum wallet. According to the investigation, the attack was carried out by the Lazarus Group, which laundered most of the stolen funds through THORChain, converting $ETH into bitcoins.

❓ Why could this impact bitcoin mixers?

🦯 Increasing scrutiny. Exchanges and swap services are already tightening checks on transactions related to CoinJoin and non-KYC services. This could lead to account blocks if incoming funds pass through mixers.

🦯 Risk for ordinary users. Hackers use mixing to 'clean' funds, and regulators view such transactions as suspicious. As a result, not only criminals but also regular users who care about privacy may be affected.

🦯 Exchanges are imposing restrictions. As stated by Bybit CEO Ben Zhou, 83% of the stolen $ETH has already been converted into bitcoins. In the coming weeks, enhanced measures to track and block suspicious transactions are expected.

❓ How to maintain anonymity and avoid blocks?

🦯 Use services with advanced anonymization that are difficult to trace through on-chain analytics, including pre-mixers and breaking transactions into random parts.

🦯 Stay away from KYC risks. The more an exchange or service checks transactions, the higher the likelihood of blocking suspicious transfers.

Conclusion

The massive hack of Bybit has become a signal for the entire crypto industry: scrutiny over bitcoin mixers, anonymous transactions, and unverified platforms is increasing. It is now crucial for ordinary users to choose the right tools to maintain privacy and avoid sanctions from exchanges.

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