Hackers launder most of Bybit’s stolen crypto worth $1.4 billion

techcrunch.com/2025/03/04/hackers-launder-most-of-bybits-stolen-crypto-worth-1-4-billion

The hackers who stole around $1.4 billion in cryptocurrency from crypto exchange Bybit have moved nearly all of the robbed proceeds and converted them into Bitcoin, in what experts call the first phase of the money laundering operation.
On February 21, Bybit said that a “sophisticated…

This story appeared on techcrunch.com, 2025-03-04 19:23:49.
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