Hackers responsible for the Bybit exploit have resumed laundering stolen funds, transferring 62,200 ETH (valued at approximately $138 million). Blockchain analysts reported that the hackers have now moved a total of 343,000 ETH from the initial breach, leveraging decentralized exchanges and cross-chain bridges to obscure transactions.
Despite efforts by authorities, including the FBI, to curb the illicit movement of these assets, the hackers continue to evade detection. The use of DeFi protocols has made tracking and freezing stolen funds increasingly difficult.
Security concerns in the crypto industry have intensified as decentralized platforms struggle to prevent such attacks. Some blockchain networks, like THORChain, have been criticized for allowing anonymous fund transfers without intervention.
The ongoing laundering of funds from the Bybit hack highlights vulnerabilities in the crypto ecosystem. As investigations continue, law enforcement agencies and security firms face mounting challenges in preventing and recovering stolen digital assets.
