🥷Bybit Hack: 77% of Stolen $1.4B Still Traceable

Hackers laundered 499,000 ETH ($1.4B) from Bybit, with 77% still traceable, 20% untraceable, and 3% frozen. THORChain processed 72% of illicit funds, earning $5.5M in fees, but refuses to intervene, sparking community backlash. The mass liquidation contributed to ETH’s 13% drop. The case raises concerns over DeFi governance and whether protocols should prevent money laundering or uphold full decentralization.