Bybit CEO | Major Update on Lazarus-Hacked Funds | Over Two-Thirds Traceable
Edited By
Fatima Al-Mansoori
A significant statement from Bybit’s CEO Ben Zhou reveals that 68.6% of the $1.4 billion stolen by North Korea's Lazarus Group remains trackable. Amid security concerns, users express hope for recovering much of the funds while questions about the hackers' resilience linger.
Breakdown of the Funds
Zhou's remarks outlined the current situation regarding the hacked funds:
68.6% are traceable
27.6% have gone dark
3.8% have been frozen
Interestingly, participants on user boards noted that the Lazarus Group hasn’t washed the funds yet, suggesting they may still be intact—almost like savings, one user humorously remarked. This ignites curiosity about whether tracking and recovering these assets will succeed.
Community Reactions
Reactions were mixed, with many rooting for a successful recovery. "Hopefully, they'll track down and recover most of the stolen funds!" remarked one participant. Conversely, skepticism emerged too, with some saying it might be impossible. The sentiment was notably split, combining excitement and doubt.
Key User Insights
Users highlighted three main themes:
Hope for Recovery: Many hopes hang on the ability to retrieve stolen funds.
Frustration with Lazarus: The group's ongoing success in evading capture frustrates many.
Sustainability of Funds: The traceable nature of funds sparks hopes of their eventual recovery.
"It's insane how prolific this group is at crypto theft," commented one user.
Despite mixed sentiments, the community remains engaged in the developments.
Progress of Recovery Efforts
Through Bybit's Lazarus Bounty program, efforts to track and recover the stolen assets are underway. The program has
Paid $2.3 million to bounty hunters
Frozen approximately $42 million in funds
"They've been doing a good job at it," noted another participant, emphasizing the ongoing commitment to reclaiming these assets.
What’s Next?
As time moves on, questions loom about the hackers' future steps. Will the funds be recovered, or will they slip into obscurity?
Summary of Findings
🔍 68.6% of the stolen funds remain traceable
🌒 27.6% are unaccounted for
🔒 3.8% are locked down
💰 $2.3 million rewarded to bounty hunters
⚠️ Ongoing community discussions reveal mixed emotions regarding recovery efforts
Keep an eye on developments as Bybit and the community continue their efforts to tackle the aftermath of this significant heist.