Lazarus Group will wash all $ 1.39b in bybit hack eth

According to the reports, the Lázaro group of North Korea has washed all the 499,000 eth, approximately $ 1.39 billion, stolen from the Bybit trick in just 10 days.

According to a March 4 publication on x of the Embercn chain analyst, who has been tracking the stolen funds, much of the ethereum (eth) was channeled through Thorchain (Rune), a decentralized liquidity protocol of the cross chain, and became bitcoin (btc).

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Thorchain has managed $ 605 million in transactions in the last 24 hours alone. The platform has received criticism for its participation in facilitating illegal transactions, after registering $ 5.9 billion in volume and raising $ 5.5 million in rates during the washing process.

A critic in x <a target="_blank" href="https://x.com/houseofyogix/status/1896787435662553216?s=46&t=nznXkss3debX8JIhNzHmzw” target=”_blank” rel=”nofollow”>referred To Thorchain's response as “negligence at best, greed in the worst.” While other protocols acted accordingly to stop the movement of stolen funds, Thorchain's validators did not take any significant action. Pluto, a central collaborator, resigned in protest after a governance proposal was rejected to stop eth transactions.

Meanwhile, the Bybit CEO, Ben Zhou, has provided an update on the movement of stolen assets. In a March 4 position in x, he revealed that 77% of stolen funds are still traceable, while 20% has darkened and 3% have been frozen.

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According to Zhou, 83% of the washed funds became bitcoin, distributed in 6,954 wallets, with 72% ($ 900 million) of these funds that passed through Thorchain. In addition, after being transferred through EXCH, 16% of the assets became impossible to track, and the proxy OKX web3 prosecuted another 8% ($ 100 million).

Since then, Bybit launched LazarusBounty.com, a fund monitoring website, and is providing rewards for exchanges that help recover stolen assets. Until now, $ 2.17 million have been paid in rewards to 11 rewards, with Mantle, Paraswap and Zachxbt among the main taxpayers.