Zhou revealed that the attackers converted much of the stolen ETH into Bitcoin (BTC) through THORChain, a decentralized platform designed for cross-chain asset swaps.
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Bybit CEO says $1 billion of stolen assets still trackable despite hackers mixing funds with THORchain
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The majority of the 417,348 ETH stolen from Bybit in February 2025, valued at approximately $1 billion, was converted into Bitcoin (BTC) and distributed across nearly 7,000 wallets to hinder tracking efforts.
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