Bybit hacker launders $605M ETH, over 50% of stolen funds

The controversy surrounding THORChain is growing, as North Korean attackers have laundered over 54% of the stolen Bybit funds.

The Bybit exploiter managed to launder over 50% of the stolen funds within a week since it hacked the exchange, despite onchain analysts exposing their identity.

Centralized crypto exchange Bybit was hacked for over $1.4 billion worth of crypto on Feb. 21, marking the largest hack in crypto history

The Bybit exploiter has already laundered over $605 million worth of Ether (ETH), or more than 54% of the total stolen funds, according to Lookonchain. The crypto intelligence platform wrote in a Feb. 28 X post:

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