The largest crypto heist ever, involving $1.5 billion at Bybit, has shaken the public. The hacker from North Korea has already laundered more than half of the stolen funds.
Event Progress
According to recent data, the perpetrator has managed to launder over 54% of the stolen funds, conducting operations with 270,000 ETH valued at $605 million through cross-chain swaps.
Response to the Incident
THORChain, the protocol through which the funds were laundered, faced a backlash after a vote to block transactions linked to the Lazarus Group was overturned. Core developer "Pluto" announced his departure, and validator TCB threatened to leave as well.
Future of Cryptocurrency Platforms
Despite the pressure, THORChain founder John-Paul Thorbjornsen claims that the protocol isn't to blame, and real-time blocking of funds is unrealistic. This incident sparks wide discussions about future cryptocurrency regulation and potential changes in anonymity policies.
The situation raises questions about the security and regulation of decentralized platforms, which might drive governments to enforce stricter rules on privacy-focused platforms.
