88.87% of Bybit's stolen funds can still be traced, and hackers have started using Bitcoin mixers such as Wasabi

BlockBeats News: On March 20th, Bybit CEO Ben Zhou released an executive summary of the stolen funds on March 20th Hackers start using Bitcoin mixer: 1. Wasabi 2 CryptoMixer 3. Railgun 4. TornadoCash。 The total amount of stolen funds is 1.4 billion US dollars, approximately 500000 ETH. 88.87% of them can still be traced, 7.59% have entered the dark pool, and 3.54% have been frozen. ·86.29% (440091 ETH, approximately $1.23 billion) has been converted to 12836 BTC, distributed across 9117 wallets (averaging 1.41 BTC per wallet)· 193 BTC mainly flowed to the Wasabi coin mixer. After mixing coins, funds flowed to various P2P suppliers. It is believed that this trend will continue to grow, and more funds will be processed through coin mixers in the future. Decoding coin mixer transactions is currently the biggest challenge we face. In the past 30 days, Bybit has received 5012 bounty reports, of which 63 are valid. Welcome more reports, we need more bounty hunters who can decode coin mixers, as Bybit will need a lot of help in this area in the future.