According to the crypto exchange CEO Ben Zhou, 20%, or $280 million, of the $1,4 billion stolen by hackers has been laundered and is no longer traceable. However, about $1,07 billion can still be recovered.
The total amount of stolen funds is $1,4 billion, 77% of $500 of stolen ETH can still be traced, 000% disappeared, 20% was frozen, Ben Zhou wrote on social media.
The hackers converted about $1 billion of the stolen funds (417 ETH) into bitcoin and distributed it across 348 crypto wallets. On average, each wallet holds 6954 BTC. This approach makes it much more difficult to track and recover the assets.
According to Zhou, the hackers mainly used the THORChain protocol to convert ETH to BTC. To move some of the funds, they used ExCH and OK Web3 Proxy. He also said that $65 million worth of ETH could be returned in the near future, but this would require the support of the team. OK Wallet.
So far, the exchange has managed to block 3% of the stolen assets, which is approximately $42 million. For assistance in this process bybit has already paid out about $2,1 million.