YBIT

27.59% of the stolen funds from Bybit are untraceable, while 68.57% are still traceable

ChainCatcher news, Bybit CEO Ben Zhou posted an update on the March 20th theft incident: the total amount of stolen funds reached $1.4 billion (approximately 500,000 ETH). Of this, 68.57% is still traceable, 27.59% is no longer traceable, and 3.84% has been frozen.Flow of Funds Analysis:The untraceable funds mainly flowed into mixers, and were later transferred to P2P and over-the-counter trading platforms via cross-chain bridges. Recent observations indicate that North Korean hacker groups (DPRK) primarily use the Wasabi mixer. After being washed through Wasabi, a small amount of BTC was transferred to CryptoMixer, Tornado Cash, and Railgun, and subsequently exchanged across chains through platforms such as Thorchain, eXch, Lombard, LiFi, Stargate, and SunSwap. Ultimately, these funds entered over-the-counter (OTC) or peer-to-peer (P2P) fiat exchange services.ETH Distribution:432,748 ETH (84.45%, approximately $1.21 billion) was transferred from Ethereum to BTC via Thorchain. Of this, 67.25% (342,975 ETH, approximately $960 million) was exchanged for 10,003 BTC, distributed across 35,772 wallets (an average of 0.28 BTC per wallet); 1.17% (5,991 ETH, approximately $16.77 million) remains in 12,490 wallets on the Ethereum chain (an average of 0.48 ETH per wallet).BTC Distribution:944 BTC (6.34%, approximately $90.62 million) entered the Wasabi mixer; 531 BTC (equivalent to 18,206 ETH, 3.57%) was transferred back to Ethereum from the BTC chain via Thorchain.In the past 60 days, 5,443 reports have been received, of which 70 are valid, calling for more bounty hunters who can crack mixers to join.

SoSoValue empowers Bybit to launch VIP daily reports, with the AI content engine fully driving insight upgrades

ChainCatcher news, AI-driven asset management and research platform SoSoValue announced that it has officially launched a daily research report service for VIP users of Bybit as a technology and content provider. This content is based on SoSoValue's self-developed AI research engine and real-time data system, published daily by Bybit, focusing on core dynamics of the cryptocurrency market, providing customized, structured, and intelligent market insights for advanced users.The VIP daily research report is generated by the SoSoValue AI system and covers six major modules: industry breaking news, daily hot coin tracking, new coin launch express, today's must-read information, price structure analysis, and market sentiment monitoring. All content is based on SoSoValue's AI data understanding and dynamic recognition capabilities, forming a three-dimensional restoration and in-depth interpretation of the market's real-time status through semantic analysis, data aggregation, and logical modeling.The SoSoValue research engine incorporates multiple core capabilities, including trend evolution recognition algorithms, community sentiment modeling systems, and event-level structured news extraction technology. This collaboration marks the first large-scale application of SoSoValue's AI content service capabilities and validates its feasibility and high adaptability in professional scenarios to empower trading platforms.In the future, SoSoValue will continue to expand its AI content service capabilities, providing customized content modules, AI news services, and intelligent research integration solutions for more platform-based institutions, accelerating the evolution of cryptocurrency market information services from "manual editing" to "intelligent driving," and building a new generation of investment decision-making cognitive infrastructure.

Bybit CEO responds to OIK dumping allegations: will not sell off activity budget for profit, accepts audits from any regulatory authority

ChainCatcher news, Bybit CEO Ben Zhou responded to the concerns regarding the Launchpool project OIK token dump: "The budget for OIK's launchpool activity was a total of 10 million tokens provided by the project party, of which 3.3 million have been distributed, with over 90,000 users participating in the activity. The launchpool is still ongoing and will conclude on March 19, with 5.7 million tokens yet to be distributed.Bybit has never sold off activity budgets for profit; such market manipulation has serious legal consequences, and the budget is all in hot wallets, which can be audited by any regulatory authority. Currently, it appears that there are indeed large holders selling OIK in the market, and the compliance department is investigating the specific details. In the future, we are considering allowing the community to have a more direct view of our budget situation by using independent wallets to receive project budgets, enabling the community to see everything transparently."It is reported that previously some community users raised concerns: "It is inferred that Bybit is using its own Launchpool as a cash machine. The TGE of SpaceNation, which has been built for a year, was a failure. However, over the past three days, the community has gone from outrage to resentment to questioning and investigation, and has collected some evidence. A community sold less than 5% of the project, yet the project party absorbed an abnormal circulation volume within 30 minutes of the opening."
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