Bybit Hackers Launder 206,000 ETH, $685M Still in Play

In Brief:

Bybit hackers transferred another 71,000 ETH ($170M) in 24 hours.

41% of stolen 499,000 ETH has been laundered since February 22.

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The Bybit hacker continues to move funds aggressively, laundering 206,000 ETH so far, per Ember monitoring. The attacker is converting an average of 45,000 ETH daily into other on-chain assets, with 292,000 ETH ($685M) still at risk.

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With laundering activity showing no signs of slowing down, crypto investigators are scrambling to track the movements, as exchanges and regulators tighten monitoring efforts.

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