Bybit Hackers Launder $224M in ETH, Could Finish in Two Weeks

In Brief:

Bybit hackers have laundered 89,500 ETH (~$224M) in the last 2.5 days.

If laundering continues at this pace, the remaining 410,000 ETH could be converted within two weeks.

‍

The rapid laundering of stolen ETH underscores the challenges in tracking and recovering funds from major crypto exploits. With THORChain facilitating cross-chain conversions, monitoring efforts may need to intensify to prevent further asset movement.

‍