BlockBeats News, February 23, according to Spotonchain's latest data update, Bybit raised 254,830 ETH (6.93 billion USD) within 48 hours after the hack, including:

132,178 ETH (3.67 billion USD), possibly acquired through OTC trades with Galaxy Digital, FalconX, and Wintermute;

122,652 ETH (3.26 billion USD), sourced from loans from exchanges/platforms/institutions such as Bitget, MEXC, Binance, and DWF Labs (which could also be some whales' personal lending behavior).

Meanwhile, the hacker has cross-chain exchanged 40,944 ETH (1.15 billion USD) into BTC and other assets through Chainflip, THORChain, LiFi, DLN, and eXch. Currently, the hacker still holds 458,451 ETH (12.9 billion USD)—approximately 91.7% of the stolen 499,395 ETH (14 billion USD).

BlockBeats News, February 23rd, according to Arkham monitoring, 39 minutes ago, an address labeled as Mirana Ventures transferred 10,000 ETH to Bybit, worth approximately $27.97 million. Subsequently, these funds were transferred to Bybit's hot wallet address.

BlockBeats News, February 23rd, according to EmberCN monitoring, the Bybit hacker has used numerous addresses to exploit Chainflip, THORChain, LiFi, DLN, eXch, and other cross-chain exchange platforms to cross-chain swap 37,900 ETH (106 million USD) into other assets (BTC, etc.). From yesterday to today, their money laundering activity has already taken 30 hours.

The Bybit hacker address currently holds 461,491 ETH (1.29 billion USD), with a total of 499,395 ETH (1.4 billion USD) stolen from Bybit.

BlockBeats News Update: On February 23, according to Arkham Monitoring, an address labeled as Abraxas Capital Mgmt withdrew 20,000 ETH worth $56.03 million from a Binance hot wallet address, and also withdrew 40 million USDT from the same Binance hot wallet address.

Additionally, 8,438 ETH worth $23.59 million was withdrawn from an OKX hot wallet address.

BlockBeats News, February 23rd, according to OnchainLens monitoring, a whale wallet that had been dormant for 1.3 years withdrew 107.13 BTC from Binance 3 hours ago, worth $10.34 million.

1.3 years ago, the same whale withdrew 66.17 BTC from Binance, worth $2.41 million at the time, and later deposited it back into Binance.

BlockBeats News, February 23rd, according to ai_9684xtpa monitoring, the "ETH High Win Rate Swing Whale" reduced its position by 188.1 billion PEPE tokens, which were accumulated three months ago, in the past hour, resulting in a loss of $2.63 million.

The PEPE tokens were purchased in December last year at an average price of $0.00002357 per token. The selling price in this transaction was $0.000009593, resulting in a 59.3% loss.

BlockBeats News, February 23rd, according to LookIntoChain monitoring, Bybit purchased another batch of 34,743 ETH ($97.7 million) via OTC about 40 minutes ago.

Bybit may have already purchased a total of 106,498 ETH ($295 million) via OTC in the past 24 hours.

BlockBeats News, February 23rd, according to OnChain data, an address suspected to be associated with Bybit (0x2E4...b77) received another 34,743 ETH from Wintermute 20 minutes ago.

Bybit has likely accumulated a total of 106,498 ETH in just over a day, facilitated through Galaxy Digital, FalconX, and Wintermute.

This address initially received 100 million USDT from Bybit's cold wallet, which was then transferred to FalconX and Galaxy Digital before receiving ETH.

Furthermore, Galaxy Digital, FalconX, and Wintermute all withdrew ETH from various CEXs and transferred it to the 0x2E4...b77 address, indicating that the aforementioned institutions likely purchased ETH on the secondary market.

BlockBeats News, February 23rd, Arkham data shows that 34,742.6 ETH was transferred from Wintermute to an address that has interacted with a deposit address associated with Bybit. On-chain data indicates that this address received 34,862.5 ETH earlier today from FalconX and Galaxy Digital and then transferred it to Bybit.

As a result, it can be inferred that Bybit has likely accumulated a total of 106,498 ETH over the past day through transactions with Galaxy Digital, FalconX, and Wintermute.

BlockBeats News, February 23rd, according to ChainNews, yesterday DWF Labs founder Andrei Grachev tweeted that he would transfer ETH to Bybit if necessary, the DWF Labs address deposited 2200 ETH to Bybit 15 hours ago.