THORChain Sees Record $4.6B Volume After Bybit's $1.4B Hack
The surge in activity follows the hack of the crypto exchange Bybit on Feb. 22, which saw the North Korean malicious entity walk away with $1.4 billion in ether. Per observers, the entity used THORChain to swap and launder funds, resulting in a record activity on the platform.
Bybit CEO Claims 77 Percent of Stolen Funds Are Still Traceable
More than 77% of the funds stolen in the massive Bybit hack remain traceable, while 20% have gone dark, CEO Ben Zhou said Tuesday on X.
Bybit Hacker Finishes Laundering All Stolen Ethereum
North Korea's Lazarus group, reportedly behind the Bybit hack, has laundered all 499,000 stolen ETH leveraging crypto mixers and DEXs.
Bybit CEO Says 77% of Stolen Funds From Record $1.4B Hack Still Traceable
Some 417,348 ETH, valued at approximately $1 billion remain traceable on the blockchain after being moved using privacy-focused THORChain.
Bybit Hackers Move 62,200 ETH Worth $138 Million, Leaving $346 Million Still To Be Laundered
The hackers behind the Bybit exchange breach have resumed laundering stolen funds, moving another 62,200 Ether (ETH), worth $138 million, on March 1.
Bybit Heist Complete: Hackers Launder All Stolen ETH Without a Trace
The Bybit hacker has successfully laundered all 499,000 ETH within 10 days. Most of the stolen funds were funneled through ThorChain and converted into Bitcoin.
North Korea’s Lazarus Group launders $1.39B in stolen Bybit ETH in just 10 days
North Korea’s Lazarus Group has executed one of the most sophisticated crypto laundering schemes to date, moving $1.39 billion in stolen Ethereum (ETH) from Bybit in just 10 days. The cybercriminals exploited decentralized finance (DeFi) protocols,
THORChain generates $5M in fees, $5.4B in volume since Bybit hack
THORChain generated more than $5 million in total revenue after the protocol’s asset swap volume hit record highs, driven by ...
Stocktwits on MSN1d
RUNE Remains Down Even As THORChain Sees Record-Breaking Trading Volume From ByBit Hack – Retail Isn’t Happy
THORChain’s native token, RUNE, remains under pressure, falling 13% over the past week, even as the decentralized liquidity ...
Coinspeaker2d
Bybit Hack Spurs $4.6B Surge in THORChain Trading Activity
THORChain reportedly generated $5.5M in transaction fees from the surge in activity linked to the laundering of Bybit’s ...
Blockonomi2d
THORChain Records $4.6B Weekly Volume Following Bybit Security Breach
North Korean hackers used THORChain to help launder $1.4 billion in stolen Bybit funds, driving the protocol's weekly volume ...
FinanceFeeds20h
Bybit Asks Paraswap To Return Fees From Lazarus Group’s Stolen Funds
Bybit confirmed it was behind a proposal urging decentralized finance (DeFi) protocol ParaSwap to return fees collected from ...
Bybit Finds 20% of $1.4 Billion Stolen Funds Have Gone Dark
Bybit suffered one of the largest crypto heists in history, with hackers stealing nearly $1.4 billion in customer assets.
Crypto News6d
THORChain Developer Resigns After Vote to Block North Korean Hackers Was Reverted
A core developer of THORChain has announced their resignation following the reversal of a vote to block transactions linked ...
Cryptopolitan on MSN6d
THORChain hits unwanted $3B volume milestone as Bybit hackers revive activity on the struggling network
THORChain, a cross-chain swap protocol, witnessed a huge uptick in its activity as the party behind the Bybit heist attempted ...