Recently, security concerns shook the crypto space because of the Bybit hack. Hackers drained 489,395 ETH, approximately $1.46 billion, from Bybit’s hot wallet, causing a $5.2 billion drop in total reserves.

The perpetrators of the largest crypto heist in history have reportedly moved a large portion of the stolen funds without significant risks.

The world's second-largest crypto exchange Bybit suffered an exploit Friday that saw it drained of about $1.4 billion worth of ethereum and staked ether.

Hackers behind Bybit's $1.4 billion exploit continue laundering over $605 million in Ethereum despite being identified as North Korea's Lazarus Group.

Cybersecurity experts say that North Korean attackers exploited wallet provider Safe to perform the biggest crypto hack of all time on Bybit.

Bybit has suffered the largest hack in cryptocurrency history, with $1.4 billion drained from its wallets. Ethereum futures traders saw mass liquidations, with $76 million wiped out in four hours

Bybit has already paid more than $4 million to bounty hunters who helped trace and freeze some of the stolen funds.

A hacker responsible for the $1.4 billion Bybit heist has laundered over 50% of the stolen Ethereum in just five days, pushing THORChain’s transaction volumes to record highs. According to blockchain analytics firm Spot On Chain,

Within a week, the Bybit hacker has laundered more than 50% of the stolen Ethereum worth up to $614 million. In the last 6 days, the hacker has washed 266,309 $ETH approximately worth $614 million. It makes up 53.

Dubai-based crypto exchange Bybit had recently become the victim of the world's largest-ever crypto theft worth $1.5 billion.