Odaily News Bybit co-founder Ben Zhou released the latest progress on the stolen funds:
Of the total stolen funds of $1.4 billion (about 500,000 ETH), 88.87% are still traceable, 7.59% have lost their traces, and 3.54% have been frozen. The report shows that 86.29% of the stolen funds (about 440,000 ETH, worth $1.23 billion) have been converted into 12,836 BTC, distributed in 9,117 wallets, with an average of 1.41 BTC per wallet. Hackers began to use BTC mixers such as Wasabi, CryptoMixer, Railgun and TornadoCash to transfer funds, of which 193 BTC mainly flowed to Wasabi mixers, and then were dispersed to multiple P2P traders.
Ben Zhou said that decoding mixer transactions has become the biggest challenge currently, and called on more bounty hunters to participate in tracking and decoding. In the past 30 days, the platform received 5,012 bounty reports, of which 63 were valid reports.