Bybit Heist: Half of Stolen Funds Vanish in Untraceable Mix

Nearly half of the $1.4 billion stolen from crypto exchange Bybit remains untraceable, according to blockchain data. Three months after one of the largest crypto thefts on record, mixing services have rendered a substantial portion – approximately $644 million – invisible. While exchanges and authorities have frozen $63 million, the majority of funds – nearly half – now exists in the opaque realm of untraceable transactions.