Bybit News: Hackers Launder $1.4 Billion Stolen from Bybit Using Crypto Mixers

Bybit Hackers Use Crypto Mixers to Obscure $1.4B Theft Tracks

Hackers behind the $1.4 billion Bybit theft have started using multiple crypto mixers like Wasabi, CryptoMixer, Railgun, and Tornado Cash to launder stolen ETH and BTC. According to Bybit CEO Ben Zhou, 7.59% of stolen funds have ’gone dark’ and are likely unrecoverable. Decoding mixer transactions is the primary challenge faced by the exchange.

Bybit CEO Describes Hackers’ Use of Bitcoin Mixers

Bybit CEO Ben Zhou has explained how hackers are using Bitcoin mixers to launder $1.5 billion in Ethereum stolen from the exchange last month. 193 BTC, approximately $16 million, were funneled through Wasabi Wallet before being distributed. Hackers are also using mixers such as CryptoMixer, Railgun, and Tornado Cash. Zhou noted that decoding mixer transactions is the biggest challenge they face.