Here’s what happened in crypto today
Today in crypto, Bybit CEO Ben Zhou has confirmed that around two-thirds of its funds stolen by Lazarus in February are currently still traceable. Meanwhile, the Bitget crypto exchange rolled back accounts following “abnormal trading activity” in VOXEL-USDT perpetual futures contracts, and the Dogecoin community has celebrated “Dogeday.”Bybit CEO: Two-thirds of Lazarus-hacked funds remain traceableCrypto exchange Bybit co-founder and CEO Ben Zhou says more than two-thirds of the digital assets stolen from the platform in February by North Korea’s Lazarus Group still remain traceable. In an executive summary on hacked Bybit funds posted on X on April 21, Ben Zhou said that of the total $1.4 billion hacked, 68.6% “remains traceable,” 27.6% has “gone dark,” and 3.8% has been frozen.Around $1.2 billion worth of stolen crypto is still being tracked. Source: Lazarus BountyThe untraceable funds primarily flowed into mixers, then through bridges to peer-to-peer and over-the-counter platforms, he added. Zhou confirmed that 944 Bitcoin (BTC) worth around $90 million went through the Wasabi mixerAnother 432,748 Ether (ETH), around 84% of the total worth roughly $1.21 billion, has been transferred from Ethereum to Bitcoin via THORChain.
Read the full article at cointelegraph.com
Source: cointelegraph.com
Published: April 20, 2025
