COINOTAG reported on March 3rd that on-chain analyst Wu Jinyan has provided alarming insights into the status of the funds stolen in the Bybit hack. According to real-time monitoring, it appears that the hacker has successfully laundered a significant portion of the stolen assets. Notably, only 60,000 ETH, equivalent to approximately $148 million, remains in the hacker’s current wallet awaiting further laundering. Over the last 24 hours alone, the hacker executed a laundering process involving 96,500 ETH, indicating a swift and calculated attempt to obscure the origins of these funds. This situation highlights the ongoing challenges within crypto security and the agility of illicit actors in navigating the blockchain landscape. Investors and stakeholders are urged to remain vigilant amid these developments, underscoring an essential aspect of crypto asset management.
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