Bybit Hack Update: How Hackers Used Mixers to Launder Stolen Funds

The latest update on the devastating Bybit hack reveals that hackers have used advanced techniques, including crypto mixers like Wasabi and CryptoMixer, to obfuscate stolen funds. This has led to only 68.57% of the total stolen ETH being traceable. The Bybit CEO, Ben Zhou, provided details on this progress in his recent update, outlining that a significant portion of the stolen funds remain untraceable. While the exchange hasn’t been impacted operationally, its dedicated team is working tirelessly to trace and freeze these funds.