
Bitcoin.com News|Mar 11, 2025 23:11
Reports suggest cybercriminals behind the Bybit hack have cashed out approximately 300 million of the 1.4 billion in stolen digital assets! Despite the crypto industry's efforts to thwart them, the hackers remain focused on evading security experts.
Tom Robinson, co-founder of Elliptic, revealed that 20% of the funds have "gone dark," with the hackers working nearly 24 hours a day to confuse the money trail. 🕵️♂️🕒
The North Korea-backed Lazarus Group swapped some stolen ETH for over 6,000 BTC, making it nearly impossible for Bybit to recover the funds.
The scale of the Bybit hack has sparked debate on how Web3 firms can prevent similar attacks. Transparency and industry cooperation are key, but some believe zero-knowledge proofs (ZKPs) could have prevented the attack. 🔐
What are your thoughts on the Bybit hack and its impact on the crypto world?
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