The hackers converted about $1 billion of the stolen funds — 417,348 ETH — to Bitcoin and spread it across 6,954 cryptocurrency wallets with an average holding of 1.71 BTC per wallet.
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Bybit CEO: 20% of $1.4B stolen funds ‘gone dark’
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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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