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Bybit CEO: 77% of the funds stolen by hackers are still traceable, 20% are untraceable, and 3% have been frozen

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2025-03-04 05:52:31
According to BybitC EO Ben Zhou, the total amount of funds stolen by hackers 1.40 billion US dollars (about 500,000 ETH), of which 77% are still traceable, 20% are untraceable, and 3% have been frozen.
Specific analysis shows that 83% (417,348 ETH, about $1 billion) has been converted to Bitcoin, scattered across 6,954 wallets. Hackers mainly converted ETH to BTC through THORChain, accounting for about 72% (361,255 ETH). Another 16% of funds (79,655 ETH) were lost through the ExCH platform, and 8% of funds (40,233 ETH) were transferred through OKXWeb3 proxies, of which about 5% could not be traced.
So far, 11 parties have assisted in the freezing of funds, with Mantle, Paraswap, and ZachXBT contributing the most, paying a total of 2.79 million USDT bounties.
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