The co-founder of Bybit exchange revealed that out of the total $1.4 billion hacked assets, 77% are still traceable, 20% have been withdrawn, and 3% are frozen. According to the report, 83% of the stolen funds (417,348 Ethereum units) have been converted to Bitcoin and distributed among 6,954 wallets. Hackers mostly used the ThorChain platform to convert Ethereum to Bitcoin, transferring 72% of the hacked funds through this method. Additionally, 16% of the assets have been withdrawn via the ExCH exchange, and 8% have been moved using the OKX exchange’s Web3 proxy. Out of this amount, 23,553 Ethereum remains untraceable and requires further information from OKX. In the stolen funds identification reward program, it was announced that 11 groups played a role in asset freezing and received a total of $2.17 million in rewards.
