The Bybit funds have been swapped, but 77% are still traceable, noted the exchange's CEO Ben Zhou. The hack caused unprecedented partnership with other markets and protocols to intercept funds where possible.

Bybit suffered one of the largest crypto heists in history, with hackers stealing nearly $1.4 billion in customer assets. While the attack was

Some 417,348 ETH, valued at approximately $1 billion remain traceable on the blockchain after being moved using privacy-focused THORChain.

The Bybit CEO has warned that this will be a "critical" week to track down funds from the hack that drained $1.4 billion from the exchange.

Bybit CEO Ben Zhou has provided an update on the movement of hacked funds, revealing that of the $1.4 billion stolen, 77% remains traceable.

North Korea's Lazarus group, reportedly behind the Bybit hack, has laundered all 499,000 stolen ETH leveraging crypto mixers and DEXs.

Bybit has already paid more than $4 million to bounty hunters who helped trace and freeze some of the stolen funds.

The Bybit hacker has successfully laundered all 499,000 ETH within 10 days. Most of the stolen funds were funneled through ThorChain and converted into Bitcoin.