SoSoValue: North Korea-linked hackers swapped 500K ETH from Bybit into BTC within 10–12 days
- —About 500,000 ETH from Bybit were converted to BTC in 10–12 days
- —ThorChain moved 361,000 ETH (72%), eXch 79,700 ETH (16%)
- —ThorChain earned roughly $5.5 million in fees on the transfers
- —Tether and Circle froze about $2.4 billion in stablecoins tied to the Binance incident
Why it matters: The trail shows bitcoin, with no central issuer able to freeze addresses, remains the main exit route for stolen crypto, complicating recovery efforts.
Source: TokenPost