Summary:

The Bybit hacker has managed to launder over 50% of the stolen Ethereum within a week, amounting to approximately $614 million. This accounts for 53.3% of the total Ethereum that was lost in the hack. The hacker is currently washing 48,420 Ethereum daily through ThorChain, and at this rate, it is estimated that the remaining 229,469 Ethereum will be laundered within five days. The FBI has named this incident "TraderTraitor" and has confirmed that a North Korean group is responsible for the hack. The stolen assets are being converted to Bitcoin and other virtual assets, with the intention of eventually converting them into fiat currency.



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