4 Mar 2025
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Bybit CEO Ben Zhou reported that 20% of the $1.4 B stolen in a hack has become untraceable, while 77% remains traceable and 3% has been frozen. The hack, attributed to the Lazarus Group, resulted in the loss of 400,000 ETH and related tokens. Zhou emphasized the importance of the next 2 weeks for freezing the stolen funds. A significant portion of the stolen ether has been converted to BTC and moved through THORChain, raising debates about the protocol's role in facilitating illicit activities.

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