Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain
Security
• February 27, 2025, 8:20PM EST
Quick Take
Bybit hackers have moved at least 209,384 ETH (~$480 million) onto Bitcoin, the majority of which was sent using ThorChain, according to Ethereum security expert Taylore Moynahan and Arkham Research data.
Lazarus stole over 400,000 ETH in Friday’s attack, and about 113,000 ETH-related tokens.
Some ThorChain developers and validators have attempted to prevent North Korea’s money laundering, but have faced challenges from the tech and community.
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