#bybit Bybit CEO gives an update on hacked funds
• $1.4B stolen (~500K ETH), with 88.87% still traceable
• Hackers using mixers: Wasabi, CryptoMixer, Railgun, TornadoCash
• 86.29% converted to BTC (12,836 BTC across 9,117 wallets)
• BTC mixers now in play: 193 BTC already washed through Wasabi
• Biggest challenge: Tracking funds through mixers
• Bounties needed: Only 63 of 5,012 reports were valid
