Bybit's CEO Ben Zhou announced that 27.95% of the $1.4 billion lost in a hack attributed to North Korea's Lazarus Group has become untraceable. The hacked funds were moved using mixers and cross-chain swaps, complicating detection. Zhou specified that 68.57% of the funds remain traceable, while 3.84% have been frozen. A significant portion, 84.45%, of the stolen funds, originally in ether, has been converted to bitcoin, with these assets spread across 35,772 wallets. Over the last two months, the Lazarus Bounty initiative received 5,443 reports, with 70 confirmed valid, indicating a strong interest in tracing these illicit funds. The CEO emphasized the need for more bounty hunters skilled in decoding mixers to assist in tracking the remaining assets.

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