Bybit hackers laundered a total of $771 million
On March 1, 2025, hackers associated with the North Korean Lazarus Group resumed transferring stolen funds, laundering 62,200 ETH worth $139 million. This brings the total amount of assets moved to 343,000 ETH out of the 499,000 stolen in the Bybit hack.
This represents 68.7% of the total amount of stolen funds, compared to 54% recorded on February 28, 2025. In monetary terms, hackers laundered a total of about $771 million, experts noted.
Crypto analyst EmberCN reported that the remaining 156,500 ETH will likely be withdrawn within the next three days. The hackers’ activity had previously slowed down amid pressure from the US Federal Bureau of Investigation, which called on crypto exchanges, cross-chain bridges, and node operators to block transactions related to Bybit.
The FBI has published a list of 51 Ethereum addresses linked to the criminals, while analytics firm Elliptic has flagged more than 11,000 suspicious crypto wallets.
According to Chainalysis, some of the stolen Ethereum has already been converted into Bitcoin, the DAI stablecoin, and other assets via decentralized exchanges and cross-chain bridges.
Representatives of THORChain, the protocol through which hackers transferred assets, have faced a portion of criticism. One of the project's leading developers, known by the nickname Pluto, left the team after a vote to block transactions related to North Korean hackers was canceled.
THORChain founder Jon-Paul Thorbjornsen said he is no longer involved with the protocol and stressed that none of the sanctioned addresses had interacted with the project.
The Bybit hack was the largest attack in crypto history, costing $1.46 billion in damages — more than double the $650 million Ronin Bridge hack in March 2022.
Despite efforts by law enforcement, hackers continue to actively move stolen funds, highlighting the difficulty of combating money laundering through decentralized platforms, analysts say.
Источник: cryptocurrency.tech
