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Nearly a Third of Bybit’s Stolen Crypto is Now ‘Untraceable’

Summary by Regulation Asia
Only 3.84% of the USD 1.4 billion worth of cryptocurrency stolen from Bybit in February has been frozen. To continue reading... Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select More Information below to view our subscription p…
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

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BitPinasBitPinas

$390M in Stolen Bybit Crypto ‘Gone Dark,’ CEO Confirms Use of Mixers and P2P Laundering

Bybit CEO Ben Zhou reveals that 27.59% of the $1.4B hacked funds—worth $390M—are now untraceable after being laundered through mixers like Wasabi and moved across bridges to P2P/OTC platforms.

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Regulation AsiaRegulation Asia

Nearly a Third of Bybit’s Stolen Crypto is Now ‘Untraceable’

Only 3.84% of the USD 1.4 billion worth of cryptocurrency stolen from Bybit in February has been frozen. To continue reading... Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select More Information below to view our subscription p…

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Regulation Asia broke the news in on Thursday, April 24, 2025.
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