Within a week, the Bybit hacker has laundered more than 50% of the stolen Ethereum price as much as $614 million.
In the final 6 days, the hacker has washed 266,309 $ETH roughly price $614 million. It makes up fifty three.3% of the full Ethereum (499K $ETH), which Bybit misplaced in the notorious incident. Overall, hackers stole $1.5 billion price of funds by compromising the unreal’s ether icy wallet on February 21, 2025.
In retaining with data by State On Chain, the hacker is washing 48,420 Ethereum per day through ThorChain. If the hacker continues at this skedaddle, it’s going to grab handiest 5 more days for the excellent 229,469 ETH to be washed.
The FBI refers to this explicit incident as “TraderTraitor.” In a recent announcement, the FBI acknowledged that the possibility actors “are proceeding mercurial and own converted one of the most important stolen resources to Bitcoin and other virtual resources dispersed across thousands of addresses on a pair of blockchains.” It further added, “It’s miles anticipated these resources may be further laundered and lastly converted to fiat forex.”
The FBI has already confirmed that a North Korean neighborhood is in the assist of the hack. Nevertheless, the North Korean media has now not replied to those allegations yet. Furthermore, Pyongyang’s mission to the United Nations in Geneva also didn’t reply to exclaim requests from The Associated Press.
