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I wouldn't be surprised if Bybit cuts a deal with the hacker to return the funds. There's no way that $1.46 billion of marked ETH can be liquidated and off-ramp
by scrlk 2y ago
I wouldn't be surprised if Bybit cuts a deal with the hacker to return the funds. There's no way that $1.46 billion of marked ETH can be liquidated and off-ramped to fiat.
- adastra22 2y agoThat’s well within the daily trading volume.
- scrlk 2y agoExchanges will blacklist the addresses that hold the hacked ETH. They won't be able to deposit, or if they can deposit, the ETH will be frozen by the exchange.
- cherryteastain 2y agoTornado cash and similar exist
- theamk 2y agoSo? Taint entire mixer output if any of the inputs is tainted. After a few instances, no one wpuld want to participate. If someone complains, remind them that Tornado is illegal in US.
- theamk 2y agoI am sure there are still plenty of suckers who believe the whole "cryptocurrencies are fungible" narrative, and would get those ETHs with a discount.
- medellin 2y agoIt is on eth and they can use decentralized exchanges.
- scrlk 2y agoIt's all traceable. Some of the ETH has already been run through a mixer and then bridged to BTC. In any case, since this hack was performed by a nation state actor (Lazarus Group/North Korea), being caught is effectively meaningless.
- plantain 2y agoWell within real daily trading volume is less clear. https://www.forbes.com/sites/javierpaz/2022/08/26/more-than-half-of-all-bitcoin-trades-are-fake/ https://www.forbes.com/sites/javierpaz/2022/08/26/more-than-...
- mvdtnz 2y ago[flagged]