Quote from: Sanitough on February 24, 2025, 07:46:36 AM

This is in connection with the recent Bybit hack, where they reportedly lost $1.5 billion. Shortly after, an article came out titled...

Bybit Funds on the Move, Could be Headed for Bitcoin Mixers ‘Next’: Elliptic

As you can see, they used the word "could," which means there’s no confirmed result yet on where the money will actually go. It’s like they’re implying that in any illegal activity, including this hack, the hackers will automatically launder the funds through a mixer to cash out, making it harder to track.

No wonder mixers have developed a bad reputation. Even though they’re meant for privacy, illegal transactions like these overshadow their legitimate uses.

Thoughts.....

The real issue here is the security vulnerability that led to the hack not just where the funds could go. Mixers are one method hackers use but improved security measures and faster blockchain analysis can help track and recover stolen assets before laundering happens.