Bybit Hacker Laundering Funds Manually with a Specific Pattern

Systematic Money Laundering Detected by Arkham

According to Arkham, the Bybit hacker is laundering stolen funds manually with a structured pattern. The attacker executes 2-3 transactions per minute and follows a strict schedule:

• 45 minutes of transactions
• 15 minutes of rest
• Funds are transferred from one address to another in a systematic sequence

$224M Already Laundered, More to Come

So far, the hacker has successfully laundered 89,500 ETH (~$224M), which accounts for 18% of the total 499,000 ETH stolen from Bybit.

What’s Next? Experts Predict Further Conversions

Crypto experts anticipate that the hacker will convert the remaining 410,000 ETH into other assets such as BTC, DAI, and others within the next two weeks.

Currently, THORChain is the primary platform being used for cross-chain asset swaps, allowing the hacker to obscure their tracks even further.

Stay Updated & Trade Securely

This case highlights the sophisticated tactics hackers use to launder stolen funds. Stay informed and make secure trading decisions.

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