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Bybit Hack Aftermath: $380M in Stolen Crypto Remains Untraceable Following $1.4B Breach

Bybit Hack Aftermath: $380M in Stolen Crypto Remains Untraceable Following $1.4B Breach

Author:
CoindeskEN
Published:
2025-04-21 05:24:39
20
1

Over $380M Worth of Crypto Stolen During Bybit’s $1.4B Hack Has Gone Dark

In the wake of Bybit’s massive $1.4 billion security breach, cybersecurity analysts report that approximately $380 million worth of stolen digital assets have effectively vanished from tracking systems. The disappearance of these funds raises critical questions about the effectiveness of blockchain forensics in large-scale exchange hacks. Industry experts suggest the stolen crypto may have been funneled through privacy-focused protocols or converted into non-crypto assets, complicating recovery efforts. This incident marks one of the most significant unresolved thefts in cryptocurrency history, occurring as global regulators intensify scrutiny on exchange security standards.

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