62,200 ether was transferred by the Lazarus Group of North Korea on March 1, from 499,000 Ether stolen as a result of the Bybit attack on February 21st. While the attack value is recorded as $ 1.4 billion, the transfer transactions are closely monitored by the crypto currency market.
Transfer Details
In the investigations about the incident, approximately 68.7 %of the total amount of Ether was reportedly mobilized. The rate, which was previously 54 %, has increased in recent days.
Embercn: “343,000 Ether was transferred, the remaining funds are expected to be transferred within the next three days.”
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According to the relevant analyzes, the remaining 156,500 Ether will be moved soon.
FBI and Crypto Monitoring Studies
FBI, 51 Ethereum belonging to people who play a role in the attack $2,247.88 While sharing the address with the public, Blockchain analysis companies examine more than 11,000 wallets Elliptic and Chainalysis. Some of the stolen Ether, Bitcoin through decentralized platforms and instant exchange services 
$85,933.72Translated into dai and other types of assets. These developments reflect the efforts of international authorities and officials in the crypto sector to increase the cooperation.
Thorchain transactions and developer reactions
Since some transfers took place through decentralized protocols, criticism of Thorchain developers emerged. Pluto, known as a name that contributes to the protocol, said that they would stop supporting the protocol after the reception of the vote.
Pluto: “We will not be able to continue our contribution to the protocol after the voting was taken back.”
In addition, Thorchain founder John-Paul Thorbjornsen said he was not involved in the protocol and that his restricted wallet addresses had no relationship with Thorchain.
John-Paul Thorbjornsen: “The limited addresses on the list did not interact with the protocol.”
The monitoring of crypto currencies and revealing the details of the transfers indicates that security measures should be increased in the sector. According to the evaluation of regulatory institutions and experts, the effects of such events are seen to be closely related to the market in the long term.
The increase in transfer processes shows that the efforts to address the control of the stolen funds continue.
The dimensions of the event and the transfer details will continue to offer important data for market safety. The explanations of relevant institutions and experts are expected to play an effective role in the implementation of developed strategies and measures.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
