Bybit CEO reveals: $1.4 billion stolen by hackers, 68.57% still traceable

According to Bybit CEO Ben Zhou, approximately 500000 ETH (worth $1.4 billion) were stolen by hackers, of which 68.57% are still traceable, 3.84% are frozen, and 27.59% have been "lost". Most untracked assets flow into P2P and OTC platforms through coin mixers such as Wasabi and Tornado Cash. About 84.45% of ETH has been exchanged for BTC through Thorchain. In the past 60 days, Bybit has received 5443 bounty reports, of which 70 are valid reports.