CEO Bibita describes how hackers washing stolen etherems via bitcoin mixer

Bibit Entire Ben Zhou He explained how hackers turn into Bitcoin mixers to ban $ 1.5 billion in Ethereum stolen from the stock exchange last month.

In the update divided At X. 20. Marta, Zhou discovered that 193 BTC, approximately 16 million dollars, it was excited through Vasabi wallet before being distributed over different P2P sellers.

In addition to Vasabi, Zhou discovered that hackers use other mixers, such as cryptomicer, Railgunand Tornado Cash.

He added:

“We believe this trend will grow because more funds will go through mixers. The mixer transactions is that the number1 is the number1 we are facing. If you can help, visit.”

Cripto mixers allow users to mix their crypto transactions with others, making the search for funds on public blocks. Although customers who are aware of the privacy often use these services, with cyberriminals also used to cover the illegal activity.

As a result, regulators have Sanctioned platforms such as cash tornadoes for their role in laundering stolen funds.

The stolen funds are still partially burned

Despite liquid washing attempts, most The stolen property remains monitoring.

Zhou confirmed that 88.87% were 500,000 stolen El-Worth is still $ 1.5 billion – it can still be monitored, 7.59% was provided indicate, and 3.54% was frozen.

She further described in detail that 440.091 Eth, was valued by about 1.23 billion dollars, turned into 12,836 BTC and distributed in 9,111 wallets.

Bitibt actively explores violations, receiving 5,012 reports on Bounts in the past month. However, only 63 provided active intelligence. Zhou invited more head hunters to help track the funds of washing through crypto mixers.

While Bibit remained operational after the attack, the incident is a consequence still strives to exchanges.

The chain data show that the Cibit market fell by almost 20% 21. February at about 5% to 2. March. However, the exchange refused from almost refused, climbing 10% from the 19th. March, according to Caiko.

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