Bybit CEO Ben Zhou has reported that approximately 88.87% of the $1.4 billion stolen in the recent hack remains traceable. The hackers have converted about 86.29% (approximately $1.23 billion) of the stolen assets into 12,836 BTC, distributing these funds across 9,117 wallets, each holding an average of 1.41 BTC. Notably, the perpetrators have employed Bitcoin mixers, such as Wasabi, CryptoMixer, Railgun, and Tornado Cash, to obscure the transaction history of the stolen funds. Despite these obfuscation efforts, Bybit has successfully frozen 3.54% of the stolen assets, amounting to approximately $42 million, as part of their ongoing recovery initiatives.
