The co-founder and CEO of Crypto Exchange Bybit, Ben Zhou, says greater than two thirds of the digital assets that will be stolen by the North Koreas Lazarus group in February in February.
In a summary of the manager to chopped Bitbit funds that were published on April 21, Ben Zhou said that of the a complete of 1.4 billion US dollars, 68.6% are “comprehensible”, 27.6% “dark” and three.8% were frozen.
The incomprehensible funds flowed mainly in mixers, then via bridges to peer-to-peer and over-the-counter platforms, he added.
In February, Hacker, who’re connected to the Lazarus group, used weak points in Bybits Cold Wallet infrastructure and steal 1.4 billion US dollars in the most important crypto -exchange hack.
“We recently observed that the mixer is principally utilized by the DPRK [Democratic People’s Republic of Korea] is Wasabi, ”said Zhou, before he” entered Kryptomixer, Tornado Cash and Railgun after the Wasabi laundry from BTC “.
Zhou confirmed that 944 Bitcoin (BTC) price around 90 million US dollars through the Wasabi mixer. Several crisschain and swap services were carried out via platforms similar to Thorchain, Exchange, Lombard, Li.fi, Stargate and Sunwap before the prey finally entered P2P and OTC services.
Another 432,748 Ether (Eth), around 84% of the overall value price around 1.21 billion US dollars, were transferred to Bitcoin via Thorchain from Ethereum. He added about two thirds of it, price around $ 960 million in 35,772, converted to 10,003 BTC.
Ethers price around 17 million US dollars remain on the Ethereum blockchain over 12,490 bridles, Zhou reported.
With a worth of around 1.2 billion US dollars stolen crypto are still being followed. Source: Lazarus Bounty
Bitbit pays around 2.3 million US dollars of head money
Zhou also revealed that only 70 out of 5,443 bounty reports were valid within the last 60 days.
Bybit began the Lazarus Bounty program in February and offers a complete of 140 million US dollars rewards for information that was frozen at funds.
To date, it has paid 2.3 million US dollars to 12 bounty hunters. Most of it went to a unit, the coat-shift 2 platform, the efforts of which led frozen funds price $ 42 million.
“We welcome other reports, we’d like more bounty hunters who can decode mixers because we’d like a variety of help there,” said Zhou.
On April 17, the Crypto Exchange Stock Exchange announced that it might hire the business on May 1, after reports have been claimed that the corporate had been used to scrub money from the Bitbit -Hack.
