Over 60% of Stolen Assets from Bybit’s $1.5 Billion Hack Are Now Untraceable
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Written by
Simonas Brazionis - Updated 2025-07-04 19:56:07
More than $868 million, or roughly 62% of the crypto stolen in Bybit's $1.5 billion hack, has vanished, according to the data from the exchange’s Lazarus Bounty website. The website also shows that only 5% of the funds have been frozen, while about 33% remain traceable.
Since its launch in February, the Lazarus Bounty website has been tracking the stolen funds and offering rewards for helping recover them. Bybit has so far paid over $2.3 million in bounties to 13 individuals who have helped trace the funds.
Lazarus Bounty: Efforts to Track and Recover Stolen Funds
Mantle, an Ethereum Layer 2 network, has been the most successful in freezing stolen assets, locking down around $42 million. However, cooperation from other platforms has been mixed. Notably, the crypto mixing protocol eXch refused to freeze any assets and is believed to have laundered nearly $95 million from the hack.
In late April, eXch quietly shut down its public sites, officially ceasing operations in early May, but continued to mix and launder the stolen funds through its API for select partners.
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