Blockchain Sleuths Chase Almost $1.5 Billion Stolen from Bybit

Bybit CEO Ben Zhou during the Token2049 conference in Singapore in 2023.

Photographer: Joseph Nair/Bloomberg
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Muyao Shen follows the money from the Bybit hack and wonders where it’s all going to end up.

Hackers made away with almost $1.5 billion in tokens from the Bybit exchange, the biggest theft in the history crypto. So what exactly are they going to do with it?