Hacker Stabilizes Asset Dumping in Bybit Incident

The hacker behind the Bybit incident has stabilized their asset dumping pattern, primarily leveraging Thorchain to move funds into BTC. According to BeosinTrace, the hacker transferred assets at 08:58:23 UTC+8 on February 24, with the main strategy involving the exchange of assets to the BTC chain via Thorchain, followed by a swap for DAI on OKX DEX, and finally, the DAI flowing into eXch.

This development comes amidst ongoing controversy surrounding the Bybit hack, which remains unresolved due to rollback difficulties. The incident has sparked debate and criticism, with some users expressing frustration over the lack of transparency and the exclusion of Chinese users from FTX's compensation plan.

Bybit has taken steps to address the situation by releasing a Blacklist API to assist with fund tracking and launching a Bounty Program. These initiatives aim to enhance transparency and resilience in the face of adversity, as the cryptocurrency industry continues to grapple with security challenges.

The Bybit hack, now considered the largest cryptocurrency hack in history, serves as a litmus test for the industry's commitment to transparency and resilience. As the incident unfolds, it is crucial for stakeholders to remain vigilant and proactive in their efforts to mitigate risks and protect users' assets.