Analysis: Bybit hacker may use Solana network and the upcoming Kanye Meme coin for money laundering

2025-02-22 11:55:32

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ChainCatcher news, according to independent researcher @0xNing0x's analysis, the ETH funds involved in the Bybit theft incident were partially stored in the form of stETH/mETH. The hacker has exchanged them for ETH through Uniswap, DODO, and ParaSwap, and transferred the funds cross-chain from Ethereum to the Solana network.

Research shows that the hacker's funds exhibit characteristics of "central clusters + multiple satellite small clusters + complex inter-transfer networks." Due to the poor readability of transaction logs on the Solana network, tracking the funds has become more difficult. Analysts speculate that the hacker may plan to use the upcoming Kanye celebrity meme coin for money laundering.

Previous news, famous rapper Kanye West posted on the X platform that he will launch an official token next week, and currently, all tokens are fake.

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Bybit theft incident tracking

On the evening of February 21, 2025, Bybit suffered a hacker attack, with over $1.4 billion worth of cryptocurrency assets stolen. How will the incident unfold, and what subsequent impacts will it bring?

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