The Lazarus Group has successfully laundered all the funds it stole from the recent Bybit hack by converting ETH tokens through THORChain's DEX. Some users criticize THORChain validators for not stopping the transactions, while others defend the platform's decentralized nature. Arkham Intelligence confirmed that the Lazarus Group was responsible and all the funds have been laundered. The Bybit hack was the largest in crypto history, stealing $1.5 billion in Ethereum tokens, and Lazarus has now converted 100% of the stolen funds. Bybit CEO Ben Zhou claimed that 72% of the assets were laundered through THORChain, and there are criticisms that the exchange did nothing to stop it. The involvement of THORChain in the laundering could harm its reputation for years to come. The situation highlights the vulnerability of decentralized institutions and raises questions about the integrity of decentralized finance.



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