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

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February 27, 2025 10:21 AM

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.

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.

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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