BYBIT EXPOITER washes more than 50% of the stolen funds within a week of hacking EXCHANGE despite the onchain analyst revealing his status.
Centralized encryption Exchange BYBIT was hacked over $ 1.4 billion on February 21, making the biggest hack in encryption history.
According to lookonchain, BYBIT EXPOITER has already washed more than 54% of ether or total theft of ETH or more than $ 650 million. Encryption Intelligence Platform was written on February 28 on X posts.
“#Bybit Hacker has washed 270K $ ETH ($ 605m, 54%of theft) and still has 229,395 $ ETH ($ 514m).”
source: Lookonchain
According to several blockchain analysis companies, including Arkham Intelligence, North Korea’s screws have been identified as the main cause of BYBIT Exploit.
Exploit moved the funds using the Crosschain Asset Swap Protocol Thorchain. COINTELEGRAPH has surpassed $ 1 billion after Thorchain’s swap volume after BYbit Hack recorded $ 1 billion on February 27.
This protocol was an important debate as the increase in illegal North Korean funds increased.
relevant: Can Ether recovers more than $ 3K after BYBIT’s large $ 1.4B hacking?
Thorchain Dev ends in the debate over BYBIT’s hacked funds.
Some industry watchers have criticized Thorchain’s personal information protection function that enables North Korean agents to move illegal funds.
North Korean hackers-votes to block connected transactions returned to the protocol, and one of the main Thorchain developers announced his exit.
“Effectively, I will no longer contribute to Thorchain,” and “Pluto”, a key developer of the Crosschain Swap protocol, was written in February 27 X POST.
Pluto said, “As long as I need, I will be able to use my responsibilities to guarantee my responsibility in order.
Pluto’s outlet comes after the Thorchain Validator “TCB” says that it is one of the three validated tests who voted to stop the ether transaction in the protocate to block the group from X to the screw.
TCB later wrote in X, “If you don’t quickly adopt a solution to prevent NK (North) flow, you will end.”
relevant: Bybit Hack, the top $ 5.3B of withdrawal, but ‘Reserves exceeds debt’ -hacken
Meanwhile, the FBI urged to cut the group by screwing with the encryption validation test and exchanges, and confirmed the initial report that North Korea was behind the record of BYBIT HACK.
Thorchain founder John-Paul Thorbjornsen told Cointelegraph that it was not related to Thorchain, but none of the sanctions listed by the FBI and the US Treasury’s foreign asset management bureau said “never interacted with the protocol.”
“The actor is transferring funds faster than simply catching a screening service. It is unrealistic for these blockchains to expect censorship, including Thorchain, ”he added.
https://www.youtube.com/watch?v=kynq5yofkwo
magazine: Thorchain founder and all his Defi ‘Vampire Attack’ Plan