As $280M of the ByBit Hack Disappears, Interest in Non-Custodial Storage Like Best Wallet Surges

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Bitcoinist 14h ago

As $280M of the ByBit Hack Disappears, Interest in Non-Custodial Storage Like Best Wallet Surges - Bitcoinist

Quick Summary:

Around $280M of the total of $1.4B lost in the ByBit hack on February 21, 2025, has now become untraceable, reiterating the importance of non-custodial storage options like Best Wallet.

This appears to have been achieved using decentralized exchanges like THORChain to rapidly swap Ethereum for Bitcoin and disperse it across thousands of wallets to obfuscate their trail.

However, Bybit assured its users that their assets were secure and that the exchange was still solvent despite the breach.