Hackers Successfully Laundered ByBit Funds Via Thorchain in 10 Days!
March 5th, 2025
Bybit hacker launders ETH through THORChain, converting 499,000 ETH ($1.39B) into Bitcoin within 10 days. The laundering process generated $5.9B in transaction volume and $5.5M in fees. Bybit CEO confirms 77% of the funds remain traceable, while recovery efforts continue with law enforcement and blockchain analytics firms.