Bybit hack raises the fear of criminal persecution for negligent crypto leaders

After the loss of $ 1.4 billion by Bybit-DEG worldwide, the largest crypto-exchange-hacking many once marked services difficulties to control the laundry of the punishment proceeds.

Memecoin generator pump.fun, without permission to exchange Thorchain, and many others try to finance the financing of terrorism (CFT) and anti-money laundering (AML) rules (AML).

Bybit, which was once the world's most popular crypto exchange through trading volume, suffered a hack of $ 1.4 billion on February 21. The managers signed a malicious transaction that enabled hackers to sweep the ether (ETH) from his several signatures.

As a panic, customers hurried to withdraw deposits of over 4 billion US dollars. Nevertheless, Bitbit was able to secure some loans and claimed about 12 hours ago that he resumed liquidity Back customer deposits to 1: 1 basis.

In the past three days, Hacker have exchanged part of the proceeds of their crime and liquidated. In a game with a whack-a-mole, the leaders of allegedly decentralized or with kind regards without permission to collect records to intervene manually.

Guided tour to the rescue of decentralized crypto

Since many researchers have made credible allegations that the Hackers have North Korean support, international sanctions can apply to these stolen means.

The prevention of your money laundering activities not only prevents a moral thing, but also implies possible criminal persecution.

Forensic researcher ZachxBT has already said that hackers have exchanged over 37,000 stolen ETH for Bitcoin and old coins using stock exchanges with lax checks such as Chainflip, Thorchain, Lifi, DLN and stock exchanges. (Exchange does not agree with ZachxBt and claims that “no money for Lazarus/DPRK is washed”.))

Read more: Crypto Exchange Bybit chopped for over 1.4 billion US dollars

Pump.fun administrators have reportedly removed a North Korea-bound token from its website after the state-sponsored Lazarus group stole stolen Solana to a pump-fun address.

Slowing the laundry of Bitbit -Hack Fund

Some administrators praised themselves with a preventive success. The meth protocol managed to recover 43 million US dollars on stolen Cedheth -token. Tether froze $ 181,000 in USDT.