PANews reported on February 25 that according to Ember’s monitoring, the Bybit hacker has laundered 89,500 ETH (US$224 million) in the past two and a half days, which is 18% of the total ETH he stole (499,000). At this rate, the hacker will be able to exchange the remaining 410,000 ETH for other assets (BTC/DAI, etc.) in half a month. Currently, the hacker’s cross-chain asset exchange is mainly carried out through THORChain.

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Bybit suffered a security incident, and funds worth $1.44 billion were withdrawn. A North Korean hacker group was accused of being the perpetrator.