Bybit’s $1.5 Billion Hack Reveals the Risky Business of Cashing Out Stolen Crypto
The $1.5 billion Bybit hack exposed the difficult next step for crypto thieves: converting stolen assets into usable money. Investigator ZachXBT traced more than $12 million by infiltrating an intermediary network, while US actions against Huione and Xinbi targeted the broader laundering infrastructure.