Bybit CEO: 20% of $1.4B stolen funds ‘gone dark’

Bybit CEO Ben Zhou confirmed that $280 million in stolen funds has gone dark, with $1.07 billion remaining trackable as investigators race to freeze assets.

Bybit CEO Ben Zhou confirmed that $280 million of the $1.4 billion stolen from the exchange has been laundered and is no longer traceable. Still, about $1.07 billion remains trackable, allowing investigators to continue their efforts to recover the funds.

On March 4, Zhou provided an update on the movement of 500,000 Ether (ETH) stolen in the February hack and the ongoing efforts to stop the bad actors from running away with the loot.

“Total hacked funds of USD 1.4bn around 500k ETH, 77% are still traceable, 20% has gone dark, 3% have been frozen,” Zhou said.

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