Nearly 70% of ByBit’s $1.4B Hack Is Still Traceable — Can They Get It Back?

The latest reports indicate that nearly 70% of the funds stolen during the significant $1.4 billion hack of ByBit remain traceable, raising crucial questions about the cryptocurrency exchange's ability to recover the stolen assets. As investigators and cybersecurity experts analyze the movements of the stolen cryptocurrency, there is a growing curiosity about the potential for ByBit to regain control over a substantial portion of the funds. This situation not only highlights the ongoing challenges of security in the digital asset space but also emphasizes the importance of swift action and innovative recovery strategies in the aftermath of such a high-profile cyber theft. Will ByBit leverage their resources effectively in order to reclaim their losses, or will the complexities of tracking and retrieving digital currencies hinder their efforts? source: https://voiceofcrypto.online/news/bybit-hack-latest-update