Bybit Hacked Crypto Funds Update: CEO Ben Zhou Says 68.57% Funds Traceable, 27.59% Non-Traceable From February’s USD 1.5 Billion Worth Ethereum Theft

Bybit was hacked in February 2025, and hackers managed to steal USD 1.5 billion worth of Ethereum. The FBI accused North Korean hackers of such a large crypto theft. Bybit CEO Ben Zhou provided an update about the hacked funds. He said that 68.57% of the total stolen funds were traceable, 27.59% went the dark, and 3.84% were frozen. Ben Zou said most untraceable funds flew into mixers and then through the bridges to P2P/OTC platforms. He updated that USD 1.21 billion worth of Ethereum was moved to BTC via Thorchain. Bybit Crypto Hacked: FBI Accuses North Korean-Backed Hackers of Stealing USD 1.5 Billion Worth of Ethereum in Crypto From Dubai-Based Firm. Bybit CEO Ben Zhou Said 68.57% Funds Traceable from February’s USD 1.5 Billion Worth Crypto Theft 🚨LATEST: Bybit CEO Ben Zhou posted an update on hacked funds. • Of $1.4B in stolen crypto, 68.57% remains traceable, 27.59% has gone dark, 3.84% frozen. • Most untraceable funds flowed into mixers then through bridges to P2P/OTC platforms. • 432,748 ETH ($1.21B) moved from… /6LytJysUzx — Cointelegraph (@Cointelegraph) April 21, 2025