<\/p>\n
Three months after one of the largest crypto thefts on record, blockchain data shows that almost half of the $1.4 billion stolen from Bybit has gone dark.<\/p>\n
Data from cryptocurrency exchange Bybit reveals $644 million in stolen funds \u2014 nearly half of the exchange\u2019s massive $1.4 billion theft \u2014 has vanished from public tracking after being processed through mixing services. Approximately $693 million (or 49.5%) remains traceable, while exchanges and authorities have frozen $63 million (4.5%), the data shows.<\/p>\n
The stolen funds were systematically laundered through several mixing services. The largest portion \u2014 $247.5 million (around 966 BTC) \u2014 was laundered through Wasabi Wallet, while another $94.1 million laundered via eXch, a mixing service that publicly claimed to shut down in April but remains operational. Smaller amounts moved through Tornado Cash ($2.5 million in ETH) and Railgun ($1.7 million in ETH).<\/p>\n
<\/p>\n
Of particular concern is eXch\u2019s continued activity despite its alleged closure. As crypto.news reported earlier, analysts at TRM Labs confirmed that the service still functions through back-end APIs. The mixer\u2019s pooled transactions create near-total opacity as \u201call received and sent transactions are mixed together and there is no way to discover how many people are behind certain addresses and traceability is extremely difficult,\u201d TRM Labs explained.<\/p>\n
In\u00a0a March article\u00a0on X, analysts at crypto wallet interface platform Safe revealed that a North Korean hacking group known as TraderTraitor compromised a Safe{Wallet} developer\u2019s laptop and used stolen AWS session tokens to bypass multi-factor authentication, gaining access to Bybit\u2019s funds.<\/p>\n
The breach occurred in early February, when a Docker project \u2014 posing as a \u201cstock investment simulator\u201d \u2014 was downloaded onto Safe developer\u2019s Mac. The project communicated with a suspicious domain, leading to the malware\u2019s installation.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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