The perpetrators of the largest crypto heist in history have reportedly moved a large portion of the stolen funds without significant risks.
On February 21st, the crypto exchange ByBit suffered large losses when a malicious actor believed to be the North Korean government-backed Lazarus Group breached one of its Ethereum (ETH) cold wallets and siphoned tokens worth $1.4 billion.
According to the pseudonymous blockchain analyst EmberCN, the hackers moved 45,900 ETH ($113 million) in just 24 hours and, to date, already laundered 135,000 ETH ($335 million), or nearly a third of the looted funds.
EmberCN says it will not take long for the hackers to transfer the rest of the stolen assets.
“There are still 363,900 ETH ($900 million) in the Bybit hacker address. At the current rate, it will only take another 8 to 10 days to clean it up.”
Crypto security expert Tay Vano says the Lazarus Group managed to move the assets fast…
