Summary: The Bybit hackers have continued to launder stolen funds, with an additional 62,200 Ether, worth $138 million, transferred by the Lazarus Group from North Korea. This brings the total amount transferred to 343,000 Ether, representing 68.7% of the stolen assets. The US Federal Bureau of Investigation (FBI) has revealed 51 Ethereum addresses associated with the hackers, while blockchain analytics company Elliptic has identified over 11,000 potentially related wallet addresses. Some of the stolen Ether has been converted into Bitcoin and other assets using decentralized exchanges and cross-chain swap services, including the THORChain protocol, which has faced criticism for enabling illicit transfers. The founder of THORChain has distanced himself from the protocol, stating that none of the sanctioned wallet addresses have utilized it. The Bybit hack remains the largest breach in the crypto sector, surpassing the Ronin bridge hack.



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