THORChain Sees Record $4.6B Volume After Bybit's $1.4B Hack
The surge in activity follows the hack of the crypto exchange Bybit on Feb. 22, which saw the North Korean malicious entity walk away with $1.4 billion in ether. Per observers, the entity used THORChain to swap and launder funds, resulting in a record activity on the platform.
Bybit Hacker Finishes Laundering All Stolen Ethereum
North Korea's Lazarus group, reportedly behind the Bybit hack, has laundered all 499,000 stolen ETH leveraging crypto mixers and DEXs.
Bybit Finds 20% of $1.4 Billion Stolen Funds Have Gone Dark
Bybit suffered one of the largest crypto heists in history, with hackers stealing nearly $1.4 billion in customer assets. While the attack was
Bybit CEO Says 77% of Stolen Funds From Record $1.4B Hack Still Traceable
Some 417,348 ETH, valued at approximately $1 billion remain traceable on the blockchain after being moved using privacy-focused THORChain.
Bybit CEO Claims 77 Percent of Stolen Funds Are Still Traceable
More than 77% of the funds stolen in the massive Bybit hack remain traceable, while 20% have gone dark, CEO Ben Zhou said Tuesday on X.
$1.4 Billion In Stolen Crypto From Bybit Hack Is Not Coming Back
Hackers who managed to run off with $1.4 billion in stolen Ethereum from the Bybit exchange have already converted most of the funds That is according to experts at
Bybit hackers moves stolen funds through crypto mixers and Wasabi Wallet
Blockchain analytics company Elliptic has revealed that the group behind the Bybit hack has started laundering funds. In an update to its February 23 report, the firm said the Lazarus Group, which is behind the hack,
Bybit Heist Complete: Hackers Launder All Stolen ETH Without a Trace
The Bybit hacker has successfully laundered all 499,000 ETH within 10 days. Most of the stolen funds were funneled through ThorChain and converted into Bitcoin.
THORChain generates $5M in fees, $5.4B in volume since Bybit hack
THORChain generated more than $5 million in total revenue after the protocol’s asset swap volume hit record highs, driven by ...
Cryptopolitan on MSN23h
The state of CEXs: Binance reserves surge by $4.5B as Bybit sees massive outflows
Crypto research and analytic platform, CryptoRank has revealed that Binance tops centralized exchanges in monthly net ...
Coinspeaker2d
Bybit Hack Spurs $4.6B Surge in THORChain Trading Activity
THORChain reportedly generated $5.5M in transaction fees from the surge in activity linked to the laundering of Bybit’s ...
FinanceFeeds22h
Bybit Asks Paraswap To Return Fees From Lazarus Group’s Stolen Funds
Bybit confirmed it was behind a proposal urging decentralized finance (DeFi) protocol ParaSwap to return fees collected from ...
Blockonomi2d
THORChain Records $4.6B Weekly Volume Following Bybit Security Breach
North Korean hackers used THORChain to help launder $1.4 billion in stolen Bybit funds, driving the protocol's weekly volume ...
Cryptopolitan on MSN6d
THORChain hits unwanted $3B volume milestone as Bybit hackers revive activity on the struggling network
THORChain, a cross-chain swap protocol, witnessed a huge uptick in its activity as the party behind the Bybit heist attempted ...
North Korea’s Lazarus Group launders $1.39B in stolen Bybit ETH in just 10 days
North Korea’s Lazarus Group laundered $1.39 billion in stolen Bybit ETH in 10 days. How did they use THORChain and DeFi to ...