The Bybit exploiter managed to launder over 50% of the stolen funds within a week since it hacked the exchange, despite onchain analysts exposing their identity. Centralized crypto exchange Bybit was hacked for over $1.

Bybit has fallen victim today to one of the largest crypto hacks ever recorded, with hackers reportedly stealing over $1.4 billion worth of ETH.

Bybit hackers laundered 270,000 ETH, equivalent to approximately $605 million, via THORChain, representing over half of stolen funds.

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

Bybit has returned to a 1:1 backing of client assets and has fully closed the “ether gap” it faced after an unprecedented $1.4 billion hack hit the exchange late Friday.

Bybit hackers have so far laundered a total of 135,000 ETH, valued at $335 million, which is close to one-third.

The price of THORChain (RUNE) has climbed 19.7% to hit an intraday high of $1.65 today accompanied by a 29.6% increase in trading volume .

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.

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,

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