Yigit Taha OZTURK 
The U.S. Federal Bureau of Investigation (FBI) has called on crypto exchanges, node operators, and private sector entities to block transactions from addresses linked to the Bybit hack.
FBI and Bybit Hack Investigation
The FBI has confirmed that North Korea was behind the $1.4 billion Bybit hack on October 21. In a public service announcement on February 26, the agency referred to the attack as “TraderTraitor.”
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According to the FBI, TraderTraitor is also known as Lazarus Group, APT38, BlueNoroff, and Stardust Chollima. The agency stated that the group had rapidly converted some of the stolen assets into Bitcoin and other cryptocurrencies.
Bybit Hack and Money Laundering Process
The FBI revealed that over 135,000 Ethereum (ETH) have already been laundered, with the attackers using decentralized exchanges, cross-chain bridges, and instant swap services with no KYC protocols to move the stolen assets.
Additionally, 363,900 ETH (~$825 million) remain untouched. The FBI has shared 51 Ethereum addresses linked to the hackers and urged industry players to block or avoid interactions with these addresses.
Blockchain analytics firm Elliptic has already flagged 11,084 crypto wallet addresses linked to the Bybit exploit. The FBI has called on anyone with relevant information to report it to the Internet Crime Complaint Center.
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