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Home»Bitcoin»Bybit’s CEO Ben Zhou Says Nearly 28% Funds From $1.4B Hack Have Gone Dark
Bitcoin

Bybit’s CEO Ben Zhou Says Nearly 28% Funds From $1.4B Hack Have Gone Dark

April 21, 2025No Comments12 Mins Read
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Cryptocurrency exchange Bybit’s CEO Ben Zhou revealed that 27.95% of the funds lost in the $1.4 billion exploit orchestrated by the North Korean Lazarus Group have become untraceable or “gone dark.” This startling revelation sheds light on the challenges faced by the exchange in recovering the stolen funds.

According to Zhou, out of the total hacked funds amounting to USD 1.4 billion, approximately 500,000 ETH was drained by the Lazarus Group. Of this amount, 68.57% of the funds remain traceable, 27.59% have gone dark, and 3.84% have been frozen. The untraceable funds were reportedly funneled into mixers before being transferred through bridges to P2P and OTC platforms, complicating the tracking process.

The post further elaborated on the movement of untraceable funds through various crypto mixers such as Wasabi, Railgun, Tornado Cash, and CryptoMixer, highlighting the sophisticated methods employed by the malicious entity to obfuscate the trail of stolen funds. Additionally, the funds were subjected to multiple cross-chain swaps through platforms like Thorchain, eXch, Lombard, LiFi, Stargate, and SunSwap, culminating in their conversion into more liquid assets.

Forensic analysis of the hacked funds revealed that a significant portion, amounting to 84.45% of the total ETH stolen, was converted into Bitcoin via Thorchain. Notably, around 67.25% of these converted funds, totaling 342,975 ETH (equivalent to approximately $960.33 million), were distributed across 35,772 wallets, with an average of 0.28 BTC per wallet.

Moreover, a small fraction of the funds, accounting for 1.17% or 5,991 ETH (approximately $16.77 million), remains on the Ethereum blockchain, dispersed across 12,490 wallets. Despite ongoing efforts to track and recover the stolen funds, the complexity of the laundering process and the use of multiple platforms have posed significant challenges for Bybit and authorities.

In response to the breach, the Lazarus Bounty initiative was launched to incentivize the identification of vulnerabilities and illicit activities in the crypto space. The initiative has received 5,443 bounty reports in the past two months, with 70 deemed valid. Zhou emphasized the need for more skilled bounty hunters to decode mixers and assist in recovering the untraceable funds in the future.

The aftermath of the $1.4 billion exploit underscores the importance of robust security measures and proactive risk management in the crypto industry. As exchanges and platforms continue to face evolving threats from sophisticated threat actors, enhancing cybersecurity protocols and collaboration with law enforcement agencies will be crucial in safeguarding user assets and maintaining trust in the ecosystem. Could’ve sworn the page was around here somewhere…

Have you ever experienced that sinking feeling when you can’t seem to find a webpage you were looking for? You know it was there just a moment ago, but now it’s gone, vanished into the digital abyss. You could’ve sworn the page was around here somewhere…

It’s a frustrating experience that many of us have encountered at one point or another. Whether it’s a broken link, a deleted page, or a mistyped URL, encountering a 404 error page can be a real headache. But fear not, for there are ways to navigate this digital maze and find your way back to where you need to be.

One common solution is to simply go back to the homepage. This often serves as a central hub where you can start fresh and navigate to the desired page from there. Most websites have a prominent link to the homepage on their 404 error page, making it easy to start over.

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If you’re feeling adventurous, you can also try searching for the missing page using keywords or phrases related to the content you were looking for. Many websites have search bars that allow you to quickly find specific pages or articles on the site.

In some cases, the missing page may have been moved or renamed. If you suspect this is the case, you can try checking the website’s sitemap or using a search engine to see if the page has been relocated.

Ultimately, encountering a 404 error page can be frustrating, but it doesn’t have to be the end of the road. With a little patience and some creative problem-solving, you can often find your way back to the information you were seeking. So next time you find yourself face-to-face with a 404 error, remember that the page is out there somewhere – you just have to find it. title: The Benefits of Mindfulness Meditation

Mindfulness meditation has become increasingly popular in recent years as more people recognize the numerous benefits it can provide for mental, emotional, and physical well-being. This ancient practice involves paying attention to the present moment without judgment, allowing individuals to cultivate a sense of inner peace, clarity, and awareness. Here are some of the key benefits of mindfulness meditation:

1. Reduces Stress and Anxiety: One of the most well-known benefits of mindfulness meditation is its ability to reduce stress and anxiety. By focusing on the present moment and letting go of worries about the past or future, individuals can experience a sense of calm and relaxation. Studies have shown that regular mindfulness meditation practice can lower levels of the stress hormone cortisol and reduce symptoms of anxiety disorders.

2. Improves Mental Clarity and Focus: Mindfulness meditation can also help improve mental clarity and focus by training the mind to stay present and attentive. This can be particularly beneficial for individuals who struggle with racing thoughts or difficulty concentrating. By practicing mindfulness meditation regularly, individuals can enhance their cognitive abilities and improve their overall mental performance.

3. Enhances Emotional Well-being: Mindfulness meditation can also help individuals cultivate a greater sense of emotional well-being by allowing them to observe their thoughts and emotions without getting caught up in them. This can lead to a greater sense of self-awareness and emotional resilience, as individuals learn to respond to challenging situations with greater compassion and equanimity.

4. Promotes Physical Health: In addition to its mental and emotional benefits, mindfulness meditation has been shown to have a positive impact on physical health. Studies have found that regular mindfulness meditation practice can lower blood pressure, improve immune function, and reduce inflammation in the body. It can also help individuals manage chronic pain and improve their overall sense of well-being.

5. Enhances Relationships: Mindfulness meditation can also improve relationships by helping individuals develop greater empathy, compassion, and communication skills. By cultivating a greater sense of presence and awareness, individuals can become more attentive listeners and respond more skillfully to the needs and emotions of others. This can lead to stronger, more fulfilling relationships with family, friends, and colleagues.

Overall, mindfulness meditation offers a wide range of benefits for mental, emotional, and physical well-being. By incorporating this practice into your daily routine, you can experience greater peace, clarity, and overall sense of well-being. So why not give it a try and see the positive impact it can have on your life? The Benefits of Regular Exercise

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Regular exercise is essential for maintaining good physical and mental health. It offers a wide range of benefits that can improve overall well-being and quality of life. From weight management to stress reduction, there are numerous reasons why incorporating exercise into your daily routine is crucial.

One of the most significant benefits of regular exercise is weight management. Physical activity helps burn calories and build muscle, which can lead to weight loss or maintenance. By engaging in regular exercise, individuals can improve their body composition and reduce the risk of obesity-related health problems such as diabetes, heart disease, and high blood pressure.

Exercise also plays a crucial role in improving cardiovascular health. Aerobic exercises like running, swimming, and cycling can strengthen the heart and lungs, leading to better circulation and lower blood pressure. Regular physical activity can reduce the risk of heart disease and stroke, as well as improve overall cardiovascular function.

In addition to physical health benefits, exercise can also have a positive impact on mental well-being. Physical activity releases endorphins, neurotransmitters that act as natural mood lifters, reducing feelings of stress and anxiety. Regular exercise has been shown to improve cognitive function, memory, and overall mental health. It can also help individuals cope with symptoms of depression and other mental health disorders.

Regular exercise can also improve sleep quality and energy levels. Physical activity can help regulate the body’s circadian rhythm, making it easier to fall asleep and stay asleep throughout the night. Exercise has also been shown to increase energy levels and reduce feelings of fatigue, leading to improved productivity and overall quality of life.

Overall, regular exercise is essential for maintaining good physical and mental health. From weight management to cardiovascular health, the benefits of exercise are numerous and far-reaching. By incorporating physical activity into your daily routine, you can improve your overall well-being and lead a healthier, happier life. The Benefits of Regular Exercise

Exercise is an essential component of a healthy lifestyle and can have numerous benefits for both your physical and mental well-being. Regular exercise can improve your overall health, help you maintain a healthy weight, and reduce your risk of developing chronic diseases.

One of the most significant benefits of regular exercise is its impact on your cardiovascular health. Exercise helps strengthen your heart and improve your circulation, which can reduce your risk of developing heart disease and high blood pressure. It can also help lower your cholesterol levels and improve your overall cardiovascular fitness.

In addition to its cardiovascular benefits, regular exercise can also help you maintain a healthy weight. By burning calories through physical activity, you can prevent weight gain and even lose weight if you are trying to slim down. Exercise can also help you build muscle mass, which can increase your metabolism and help you burn more calories throughout the day.

Exercise is also essential for maintaining strong bones and muscles. Weight-bearing exercises, such as walking, running, and weightlifting, can help increase bone density and reduce your risk of developing osteoporosis. Strength training exercises can help you build and maintain muscle mass, which is important for overall strength and mobility.

Regular exercise can also have a positive impact on your mental health. Physical activity has been shown to reduce symptoms of anxiety and depression and improve your overall mood. Exercise can help boost your energy levels, improve your sleep quality, and reduce stress levels, all of which can contribute to better mental well-being.

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In addition to its physical and mental benefits, regular exercise can also improve your overall quality of life. By staying active and healthy, you can increase your longevity and enjoy a higher quality of life as you age. Exercise can also help you feel more confident, improve your self-esteem, and boost your overall sense of well-being.

In conclusion, regular exercise has numerous benefits for both your physical and mental health. From improving your cardiovascular health and maintaining a healthy weight to strengthening your bones and muscles and boosting your mental well-being, exercise is an essential component of a healthy lifestyle. So, make sure to incorporate regular physical activity into your routine to reap the many benefits it has to offer. The Importance of Mental Health in Today’s Society

In today’s fast-paced and highly stressful society, mental health has become an increasingly important topic of discussion. With the rise of mental health disorders such as anxiety, depression, and PTSD, it is crucial that we prioritize our mental well-being just as much as our physical health.

Mental health encompasses our emotional, psychological, and social well-being, and it plays a crucial role in how we think, feel, and act in our daily lives. When our mental health is compromised, it can impact every aspect of our lives, from our relationships and work performance to our overall quality of life.

One of the main reasons why mental health is so important is because it affects our physical health as well. Studies have shown that individuals with untreated mental health disorders are at a higher risk of developing chronic physical conditions such as heart disease, diabetes, and obesity. This is because mental health and physical health are closely interconnected, and one can have a significant impact on the other.

Furthermore, prioritizing mental health can help improve our overall well-being and quality of life. When we take care of our mental health, we are better equipped to cope with stress, build healthy relationships, and make positive life choices. This, in turn, can lead to increased happiness, productivity, and overall life satisfaction.

In today’s society, there is still a stigma surrounding mental health, which can prevent individuals from seeking help when they need it. It is important to break down these barriers and create a more open and accepting environment where individuals feel comfortable discussing their mental health concerns and seeking support.

Fortunately, there are a variety of resources available for those struggling with mental health issues. From therapy and counseling to support groups and hotlines, there are many options for individuals to get the help they need. It is important to remember that seeking help is a sign of strength, not weakness, and that everyone deserves to prioritize their mental well-being.

In conclusion, mental health is a crucial aspect of our overall well-being and should be prioritized just as much as our physical health. By taking care of our mental health, we can improve our quality of life, build healthy relationships, and cope with the stresses of daily life. It is important to break down the stigma surrounding mental health and encourage open discussions about this important topic. Remember, you are not alone, and help is available for those who need it.

1.4b Ben Bybits CEO Dark Funds Hack Zhou
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