PANews reported on March 4 that Bybit co-founder and CEO Ben Zhou released the latest executive summary of hacker funds on the X platform: the total amount of stolen funds is approximately US$1.4 billion, equivalent to approximately 500,000 ETH, of which 77% can still be traced, 20% can no longer be traced, and 3% has been frozen.

Breakdown:

• 83% (417,348 ETH, about $1 billion) has been converted into Bitcoin, involving 6,954 wallets (an average of 1.71 BTC per wallet). This week and next will be critical for the funds freeze as the funds will begin to be liquidated on exchanges, over-the-counter (OTC) and peer-to-peer (P2P) platforms. Hackers mainly used THORChain to convert Ethereum into Bitcoin:
• The amount of ETH exchanged through the THORChain chain is 361,255, equivalent to US$900 million, accounting for 72%, which can be tracked.
• 79,655 ETH, or about 16% of the funds, disappeared through the ExCH channel and is still awaiting updates.
• 40,233 ETH, equivalent to $100 million, accounting for 8%, were traded through OKX Web3 agents. Of these, 16,680 ETH can still be tracked, while 23,553 ETH, equivalent to $65 million (about 5%), cannot be tracked and requires OKX Web3 to provide information.

Bounty Update:

• A total of 11 parties helped Bybit freeze funds, among which the top three most prominent ones were Mantle, Paraswap and ZachXBT.
• 2,178,797 USDT has been paid to 11 bounty hunters.