As blockchain investigators continue to freeze and recover this funds, the percentage of lion hacking funds hacked after historical cyberstop can still be tracked.
The encryption industry was shaken when BYBIT lost more than $ 1.4 billion in liquid steak ethers, Mantle Staked ETH (Meth) and other digital assets due to the biggest hacking in history on February 21.
Blockchain security firms, including Arkham Intelligence, have identified North Korean screw groups as the culprit behind bybit Exploit.
According to Ben Zhou, co -founder and CEO of BYBIT Exchange, $ 1.4 billion can be traced to more than $ 1.4 billion despite screws’ efforts.
The CEO wrote on March 20 as follows.
“The total hacking fund of about $ 14 million is about 500K ETH. 88.87%maintained the possibility of tracking, 7.59%darkened and 3.54%frozen.”
The CEO said, “86.29% (440,091 eth, ~ $ 1.23b) has been converted from 9,117 wallets (average 1.41 BTC) to 12,836 BTC.
source: Ben Juwoo
The update of the CEO is almost a month after the exchange was hacked. Cointelegraph took 10 days to wash 100%of the stolen funds through the cross chain protocol Thorchain, which was distributed on March 4.
Nevertheless, blockchain security experts hope that some of the funds can be frozen and recovered by bybit.
relevant: Can Ether recovers more than $ 3K after BYBIT’s large $ 1.4B hacking?
The encryption industry requires more blockchain “bounty hunters” and white hats or ethical hackers to confront North Korean actors’ illegal activities.
BYBIT’s CEO added:
“In the last 30 days, 5012 bounty reports have received 63 valid bounty reports. We welcome more reports. We need a lot of help, so we need more bounty hunters to decipher the mixer.”
BYBIT has paid $ 2.2 million to Lazarus “BOUNTY HUNTERS”.
According to Lazarusbounty, a website that tracks the bybit bybit Bouncing, BYBIT has given more than $ 2.2 million for more than $ 12 million for more than $ 12 million.
This exchange provides 10%of the recovered funds as a bounty of white hat hackers and investigators.
BYBIT’s Bounty Payment Details for Hacking Connected by screws. source: Lazarusbounty
relevant: Bybit Excloit exposes security defects in centralized encryption exchange
The BYBIT attack says that even centralized exchanges with strong security measures are vulnerable to sophisticated cyber attacks.
Trezor’s analyst Lucien Bourdon told Cointelygraph, “This case reminds you that even the strongest security measures can be canceled by human errors.
Bourdon has approved the malicious transactions that produce encryption from one of BYBIT’s cold wallets by deceiving the signators using sophisticated social engineering technology.
BYBIT HACK has more than twice the size of a $ 600 million poly network hack in August 2021, which has been the largest violation of encryption exchange.
https://www.youtube.com/watch?v=ndv0rfehetq
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