The CEO of BYBIT, Ben Chu, presented Updates To recover stolen money during the main penetration on the stock exchange. The accident, which occurred on February 21, included about $ 1.4 billion of cryptocurrency, making it one of the largest penetration in a central exchange in the encryption market.
The attack, which is attributed to the Lazaros group, led to the loss of 400,000 symbols associated with ETH and other assets. Zhou stated that about 20 % of the stolen money “has become dark”, while 77 % still can be tracked, and 3 % are frozen.
Increasing concerns about decentralized protocols
BYBIT CEO Zhou confirmed that the coming weeks are very important to stop the efforts of infiltrators to manufacture through stock exchanges and platforms that do not need a prescription and peer channels to the counterpart. He pointed out that the symbols stolen from bybitit are quickly transferred to Bitcoin and were transferred through multiple governors.
Thorcin decentralization of the decentralized liquidity protocol, which represents 72 % of the transfer activity. This contributed to the registration of weekly transactions on Thorchain, which amounted to more than $ 4.5 billion, according to Data From Devilia.
The heavy use of the thorns by the attackers led to internal discussions about the role of decentralized platforms in facilitating illegal transactions. One of the main Thorchain members, TCB, Declare His departure from the protocol, referring to concerns about the large size of stolen money that is processed.
TCB note that maintaining a central central regime is a challenge when it is widely exploited to money laundering. A temporary vote was suggested to stop Ethereum transactions on Thorchain, but no final decision has been made.
In contrast, other cross -chain platforms take more immediate actions. Chainflip, another decentralized exchange, temporarily to stop Its exchange services when discovering the activities of infiltrators.
The protocol also announced plans for new promotions to prevent stolen money from passing through its system. These moves reflect a continuous tension between maintaining the principles of decentralization and processing the practical risks associated with allowing the funds unrestricted.
Challenges bybit in recovery efforts
As it mentioned above, Zhou revealed that large parts of the stolen ether became uncompromising. For example, $ 79,655 ETH was treated with a non -KYCC exchange called ExcR, while the ether flowed at $ 100 million through the OKX Web3 agent.
3.4.25 Executive Summary of the Inventive Funds:
Total money that was hacked of $ 1.4 billion around 500,000 ETH, 77 % is still tracked, 20 % have remained, 3 % have been frozen.
separation:
– 83 % (417,348 ETH, ~ $ 1B) was transferred to BTC with 6,954 governorates (average 1.71 BTC each). This and …Benbybit March 4, 2025
Of this amount, $ 65 million still is not tracked pending more updates from OKX Web3. Meanwhile, the FBI also urged exchanges and those who were gathered to cut the arrival of the Lazaros Group, participating in the group’s involvement in what was called “the biggest theft in human history.”
A distinctive image created with Dall-E, the tradingView chart
