🟢 With this technique, the hacker was able to deceive bybit and security teams, complicate the task of tracking, and freeze the wallet.
🔥 Blockchain analyst Yu Jin revealed interesting details about an attack targeting Bybit, one of the most prominent cryptocurrency trading platforms. According to reports, the hacker resorted to using Chainflip, an innovative cross-chain exchange tool, to manage the stolen assets. Chainflip allows for seamless transfer of digital currencies between different blockchain networks, making it an ideal choice for those seeking to complicate the paths of tracking funds.
🔥 Yu Jin indicated that the hacker distributed about 5,000 ETH (Ethereum) across a group of multiple addresses, before laundering 0.205 ETH via Chainflip. This move reflects a deliberate strategy to disperse funds and hide their source, taking advantage of Chainflip’s capabilities that allow transfer between chains without leaving a clear trace. The primary goal appears to be to disrupt investigative efforts and make asset recovery more complicated.
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