Exchanging encryption in the exchange of exchange under the shooting claiming to process stolen money

The encryption world raises the controversy after the infiltrators stole $ 1.4 billion in amazing BYBIT on February 21, making it the largest penetration in history. The attack, which witnessed the Internet criminals controlled by the BYBITISIG COLD port, linked to the Lazarus group in North Korea. In late news, the North Korean infiltrators began to launder the stolen money from bybit, while tracing the east in Blockchain more than $ 140 million in suspicious transactions. It is interesting according to a reportAttorney attackers mostly use decentralized exchanges and unknown encryption services to cover their paths before converting stolen assets into Bitcoin. The whole process is so complex that it is difficult for the authorities to track stolen money.

BYBIT, which occurred on Friday, was now confirmed as the biggest encryption theft in history, with a steal of $ 1.46 billion, primarily in Ethereum. This exceeds the Polly network 2021, which has seen $ 611 million stolen dollars. The attackers, linked to the Lazaros Group in North Korea, have quickly deployed stolen eth across 50 wallets, each containing about 10,000 ETH. Since then, the money has been transferred, has been replaced by ETHEREUM assets, and has now been transferred to Bitcoin, making tracking efforts and recovery more challenging.

Al -Alailji suggests that if the infiltrators follow their usual tricks, they may soon try to hide the stolen money using bitcoin mixers, making it difficult to track transactions. But transferring such a huge amount of stolen encryption will not be easy. Blockchain experts and law enforcement are closely monitored, making it difficult for infiltrators to be disbursed without being arrested.

Bybit faces huge withdrawals

After the violation, BYBIT users rushed to withdraw their money, for fear of more security risks. According to Archham’s intelligence DataNearly 23,000 BTC ($ 1.7 billion) were withdrawn from BYBIT, which reduces bitcoin reserves from 70,000 BTC to a little more than 52000 BTC. In total, bybit has witnessed more than $ 6 billion of external flows of encryption since the hacking, which raised concerns about the liquidity of the platform.

Despite the panic, the CEO of BYBIT BEN Zhou reassured users that the stock market is still a solvent and that customer money has not been lost. More than 350,000 withdrawals were treated in the wake of the attack, indicating the platform’s ability to deal with large external flows.

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Exchange in trouble?

Zachbt accused Al -Alailji and Blockchain’s exchange of encryption in treating “tens of millions of dollars” in stolen money despite direct requests from bybit to prevent transactions. However, EXCR denied any violations, claiming that allegations were wrong and based on a bias against the privacy stock exchanges. They also stated that some processed funds for open source privacy initiatives will be donated.

While monitoring the security teams in Blockchain and the law enforcement closely stolen money, infiltrators may face difficulties in disbursing their looting. However, the Lazarus group in North Korea has a history of successfully washing billions in encryption, raising concerns about its ability to evade again.

Investigations on this issue are still ongoing, and whether more money will be recovered.