Bybit Hackers Accelerate $335M Laundering Spree: Can Trust Be Restored?

Key Takeaways:


  • Hackers exploiting Bybit have laundered more than $335 million in stolen ETH.

  • Blockchain data links it to North Korea’s Lazarus Group.

  • Bybit’s response is closely observed as a key test of trust in CEXs.

  • Meanwhile, the crypto world holds its breath as the ripples of the colossal Bybit hack play out. If you follow the news, you would be aware of the initial exploit, which is considered one of the largest of its kind in the history of crypto, and the hackers have been aggressively laundering the stolen funds since then, leading to concerns about market stability and the overall security of centralized exchanges (CEXs). The speed and scale of the operation are alarming and are leading to increased scrutiny and concern over preventative measures.


    The $335 Million Laundering Spree



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