THORChain Sees Record $4.6B Volume After Bybit's $1.4B Hack
The surge in activity follows the hack of the crypto exchange Bybit on Feb. 22, which saw the North Korean malicious entity walk away with $1.4 billion in ether. Per observers, the entity used THORChain to swap and launder funds, resulting in a record activity on the platform.
Bybit’s CEO Ben Zhou: 20% of the hacked funds have gone dark
The Bybit funds have been swapped, but 77% are still traceable, noted the exchange's CEO Ben Zhou. The hack caused unprecedented partnership with other markets and protocols to intercept funds where possible.
Bybit Asks Paraswap To Return Fees From Lazarus Group’s Stolen Funds
Bybit confirmed it was behind a proposal urging decentralized finance (DeFi) protocol ParaSwap to return fees collected from swaps involving funds stolen by the Lazarus Group.
Bybit CEO Says 77% of Stolen Funds From Record $1.4B Hack Still Traceable
Some 417,348 ETH, valued at approximately $1 billion remain traceable on the blockchain after being moved using privacy-focused THORChain.
Bybit hacker launders 100% of stolen $1.4B crypto in 10 days
The Bybit hacker laundered the stolen funds in just 10 days, but security firms said some assets may still be recoverable through blockchain tracing. The Bybit exploiter has laundered 100% of the stolen funds after staging the biggest hack in crypto history, but some of the loot may still be recoverable by blockchain security experts.
Bybit Finds 20% of $1.4 Billion Stolen Funds Have Gone Dark
Bybit suffered one of the largest crypto heists in history, with hackers stealing nearly $1.4 billion in customer assets. While the attack was
$1.4 Billion In Stolen Crypto From Bybit Hack Is Not Coming Back
Hackers who managed to run off with $1.4 billion in stolen Ethereum from the Bybit exchange have already converted most of the funds That is according to experts at
Bybit hackers moves stolen funds through crypto mixers and Wasabi Wallet
Blockchain analytics company Elliptic has revealed that the group behind the Bybit hack has started laundering funds. In an update to its February 23 report, the firm said the Lazarus Group, which is behind the hack,
Bybit Heist Complete: Hackers Launder All Stolen ETH Without a Trace
The Bybit hacker has successfully laundered all 499,000 ETH within 10 days. Most of the stolen funds were funneled through ThorChain and converted into Bitcoin.
THORChain generates $5M in fees, $5.4B in volume since Bybit hack
THORChain generated more than $5 million in total revenue after the protocol’s asset swap volume hit record highs, driven by ...
Coinspeaker4d
Bybit Hack Spurs $4.6B Surge in THORChain Trading Activity
THORChain reportedly generated $5.5M in transaction fees from the surge in activity linked to the laundering of Bybit’s ...
Cryptopolitan on MSN3d
The state of CEXs: Binance reserves surge by $4.5B as Bybit sees massive outflows
Crypto research and analytic platform, CryptoRank has revealed that Binance tops centralized exchanges in monthly net ...
Blockonomi4d
THORChain Records $4.6B Weekly Volume Following Bybit Security Breach
North Korean hackers used THORChain to help launder $1.4 billion in stolen Bybit funds, driving the protocol's weekly volume ...
RUNE soars 20% despite reports of Bybit hacker laundering via THORChain
The price of THORChain (RUNE) has climbed 19.7% to hit an intraday high of $1.65 today accompanied by a 29.6% increase in ...
Cryptopolitan on MSN9d
THORChain hits unwanted $3B volume milestone as Bybit hackers revive activity on the struggling network
THORChain, a cross-chain swap protocol, witnessed a huge uptick in its activity as the party behind the Bybit heist attempted ...