BYBIT CRIBIT Director Ben Zhou said that $ 280 million out of $ 1.4 billion stolen by hackers as a result of the recent theft of crypto assets were washed and cannot be tracked.

Ben Zhou said that previously the total amount of stolen funds amounted to about 500,000 ETH. From the total amount of losses of 77% of the stolen coins are still monitored, and 3% are found and frozen in the accounts. However, more than 20% of the stolen crypto acts were lost irrevocably, the general director admitted.

Bybit reported that hackers converted 417 348 ETH (about $ 1 billion) into bitcoins and redistributed between about 7,000 cryptocurrency wallets with a 1.71 BTC balance for a wallet. For the operation to notice traces, hackers used the network of arbitration traders Thorchain. Such fragmentation complicates the search and tracking of stolen assets, and now the crypto investigators have froze no more than $ 42 million.

Ben Zhou thanked the crypto investigators from Mantle, Paraswap and Zachxbt for their help, and also said that for the successes in search of stolen funds, 11 “head hunters” were paid a reward of about $ 2.1 million in USDT stabilcoins.

Earlier, the BYBIT team said that, according to preliminary investigation data, during the recent attack of the cryptocurrency site, made by Lazarus Group hackers, the exchange infrastructure was not compromised.