Lazarus Group has already washed all the non -free funds that he stole from the recent BYBIT hacking. The group used DEX ThorChain to convert ETH tokens, causing criticism of the community.
Some users accused ThorChain of negligence, claiming that they could stop transactions. Others defended the platform, claiming that this is an open source organization and a decentralized organization, and not law enforcement agencies.
Lazarus washed the money on Bibit
Arkham Intelligence, the Blockchain Analytics platform, revealed a new development in the recent BYBIT hack. The company published a reward for information about the incident, finding that Lazarus Group was responsible. Today this confirmed that all the funds from BYBIT hacking were successfully laundered.
“Currently, Lazarus has completely washed the BYBIT hacking income. They transferred 500,000 ETH mainly to the local BTC. Thorchain processed the volume of more than $ 5.5 billion since Bybit was hacked on February 21, ”Arkham said through social networks.
Bybit Hack has become the largest crime in the history of cryptography, stealing $ 1.5 billion in Ethereum tokens. Two days ago, analysts confirmed that Lazarus has already washed 70% of the abducted BYBIT funds.
However, Lazar moved very quickly. Yesterday, BYBIT General Ben Zhou noted that 83% were transformed into Bitcoin, and now the whole sentence was processed.
BYBIT CEO Zhou also said that Lazar has washed 72% of BYBIN through ThorChain, a decentralized Exchange/Blockchain network. The vast majority of transactions that turn ETH into BTC have passed this exchange.
In addition, the 24-hour Torchain trade volume has increased due to the net size of these transactions, surpassing several much more noticeable networks.
Already several people began to blame Thorchain of a defeat. As one user noted, the Lazarus group washed a huge amount of bibite money, and the exchange did nothing to stop them.
In fact, he raised $ 3 million in the form of fees from this case. Nevertheless, the defenders of Thorchain noted that this is open and decentralized, and not law enforcement agencies.
“The only reason that people feel that Tormhein should censor the transaction is a common feeling that if they exert enough pressure on the nodes, they will fasten under pressure (which, frankly, can happen). No one asks Bitcoin and Ethereum, because it is impossible. Tormhein should win the battle of the narrative, ”said Runemor, the chief employee of the narrative in Qi Capital.
In short, the whole thing is very dirty. Taking arguments in favor of the cost of the line, then decentralized institutions are structurally vulnerable to facilitate mass financial crimes.
If Lazarus Group can successfully use these platforms for laundering billions, this is just the cost of doing business. This is hardly an attractive picture of decentralized financing as an economic model.
On the other hand, the most loud criticism also leaves much to be desired. Torhein’s tontant briefly flared up from these high volumes of trade, but the benefits have already disappeared.
The participation of the company to laundering bybit will probably follow its reputation for many years, and this will not bring any benefit. If Thorchain validators acted in facial interests, it was a short -sighted step.
In any case, it is impossible to track pure motives for everyone who participates in this story. The Lazarus group washed a huge amount of BYBIT hacking, and there are many accusations.
