According to @EmberCN, Bybit hackers have used the Chainflip cross-chain swap tool to convert ETH into assets on other chains. After dispersing 5,000 ETH to multiple addresses 40 minutes ago, they have successfully laundered 205 ETH through Chainflip. Source: etherscan.io/address/0x60e4…

According to The Kobeissi Letter, Bybit's CEO has confirmed that over $1.4 billion in Ethereum and other assets have been hacked from the exchange. The stolen funds are reportedly being transferred to new addresses and sold. Arkham Intelligence has revealed that $200 million worth of stETH has already been sold, suggesting a significant impact on the market.

According to ZachXBT, more than $1.2 million has been stolen from crypto wallets, raising concerns about security measures.

According to ZachXBT, there is a substantial difference between $26 million and $1-3 million stolen in the context of cryptocurrency theft. This distinction is critical for traders to understand the varying scales of risk and the potential impact on market trust and asset security.