Bybit Stock Exchange has been subjected to one of the biggest attacks ever. Cyber attackers stole hundreds of millions of dollars crypto money from the platform. Most of the stolen funds could be monitored, while a significant portion of it became undetermined. Authorities continue to work for monitoring and freezing of lost funds.
The traceability of the stolen funds and the transfer process
Blockchain analysis details the transfers after the attack. Approximately 77 %of the stolen funds can still be watched on the block chain. However, a part of 20 %has become unattended. 417,348 ETH (about 1 billion dollars) can be followed in the attack, while the fate of 79,655 ETH is unknown.
Cyber attackers transferred funds through various platforms. Thorchain was one of the most used platforms in this process. 361.255 ETH is trying to be converted into different crypto currencies. The distribution was made in 6,954 different wallets. The extraordinary mobility in Swap processes is remarkable. Authorities examine out -of -stock transactions and P2P transfers.
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Who is behind the attack?
The group that carried out the attack was reported to be Lazarus with North Korea. Cyber pirates, Bybit’s third -party wallet service has reached systems via Safewallet. They made large -scale transfers by seizing their developer devices.
This development once again raised the security measures of crypto currency exchanges. The stock market moves quickly to re -ensure customer assets. Although some of the stolen funds are frozen, some assets have changed hands through different stock exchanges and OTC platforms.
Bybit CEO Ben Zhou announced that a critical period has been entered in terms of detection and freezing of funds. He said that the transactions are expected to be clarified on the stock market, OTC and P2P platforms. Among the stolen funds, 40.233 ETH was transferred and 23.553 ETH could not be traced.
The attack is a size that can create fluctuations in the markets. Authorities closely follow the background movements and measures taken. It is stated that new steps to be taken for the security of the crypto money market are evaluated.
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.
