Bybit CEO Clarifies Bloomberg Report, Confirms OKX Cooperation in Tracking Hacker Funds

In Brief:

Bybit CEO Ben Zhou states that Bybit did not issue any statement on the Bloomberg report.

Confirms that OKX Web3 team assisted in tracking stolen funds.

Hackers used cross-chain bridges, with THORChain as the primary method for laundering funds.

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Bybit CEO Ben Zhou responded to OKX Star, clarifying that the Bloomberg report was not based on Bybit’s official statements but rather on-chain data observations. He emphasized that Bybit proactively worked with OKX Web3 after detecting stolen funds flowing through its network.

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Zhou confirmed that OKX assisted in tracking the funds, enabling Bybit to follow the hacker’s transactions. The attacker reportedly converted ETH to BTC using multiple cross-chain bridges, with THORChain playing the largest role in laundering the assets.

This clarification aims to reduce tensions between Bybit and OKX, following accusations that OKX’s services were under regulatory scrutiny in connection with the hack.

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