Greater than $868 million price of crypto stolen within the Bybit hack has disappeared, in keeping with information from the trade’s Lazarus Bounty web site.
Bybit’s Lazarus Bounty web site, which tracks funds stolen within the $1.5 billion hack, now reveals that over 60% has gone darkish, with solely 5% frozen.
The web site signifies that roughly 62% of the stolen funds — roughly $868 million — are not traceable, with solely 5% frozen and almost 33% nonetheless traceable. Thus far, Bybit has paid out over $2.3 million in bounties to 13 “bounty hunters.”
Launched in February, the Lazarus Bounty web site was created by Bybit to trace the stolen funds and provide rewards for assist in recovering them. The trade promised a ten% bounty for any frozen quantity, break up between the one that traced the funds and the social gathering that froze them.
Thus far, Mantle, an Ethereum Layer 2 community, has helped probably the most by freezing roughly $42 million of the stolen funds. Nonetheless, cooperation wasn’t common: crypto mixing protocol eXch refused to lock down any property and is claimed to have laundered almost $95 million.
Nonetheless, as eXch discovered itself in sizzling water, it quietly shut down its public websites in late April and formally ceased operations in early Could.
But, it stored its API open to pick out companions and has continued to combine — and thus launder — each the Bybit hack proceeds and different illicit funds.
Bybit didn’t reply to The Defiant’s request for remark.
